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Monday, April 18, 2022

The American Rich

  The United States' 735 billionaires have seen their collective wealth soar by 62% over the past two years while worker earnings have grown just 10%.

According to new calculations by Oxfam America, U.S. billionaires now own a combined $4.7 trillion in wealth, much of which goes completely untaxed. 

"While the pandemic grinds on, it is shocking to realize, and accept, that three-quarters of low-wage workers do not have access to paid sick leave," said Gina Cummings, vice president of advocacy alliances and policy at Oxfam America. “It needs to be said that a vastly disproportionate share of these workers are women and people of color, making this a civil rights issue. This is not just morally unacceptable, it's dangerous for everyone. 

'Stain on Democracy': Tax Day Study Shows US Billionaires Now Own $4.7 Trillion (commondreams.org)


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