Thursday, November 30, 2017

The obscenity of wealth

The nation’s three richest billionaires are wealthier than the bottom half of the population. Jeff Bezos tops the list
 Last April, as Amazon shares rose sharply, Jeff Bezos net worth increased by $6 billion in 20 minutes.
A few weeks ago, his wealth increased by $1.5 billion in one day. Last year, he made $19.3 billion – on average around $52 million daily, over $2 million per hour, $36,000 a minute, $600 a second.
He has over fourfold the wealth of his alma mater, Princeton University. According to the Land Report, he’s the 25th largest US landowner.
In contrast, most Americans live from paycheck to paycheck, one missed one away from hunger, homelessness, and despair. Tens of millions of people are food insecure, dependent on food stamps and food pantries to feed themselves and their families.

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