Sunday, October 11, 2020

Money piling up for just a few

https://www.huffpost.com/entry/richest-50-165-million-poorest-wealth-gap_n_5f822365c5b62f97bac384cb

 

"The 50 richest Americans increased their net worth this year to an amount nearly equal to the combined money and assets of the poorest 165 million Americans, which is half of the U.S. population, according to new data from the first half of the year collected by the Federal Reserve.

The rich got richer this year despite the COVID-19 pandemic — while people struggling financially found themselves in even more dire straits. COVID-19, which has killed more than 210,000 Americans, has disproportionally hurt people of color, older people, women and workers in low-paying jobs."

 

We're heading back to the Middle Ages where the prince had his castle and an army of knights.  Everybody else was a serf dependent on the prince.  This is definitely going backwards.

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