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Showing posts with the label Income Inequality

World's Richest Added $1.8T to Their Combined Wealth in 2020

World's Richest Added $1.8T to Their Combined Wealth in 2020:   According to the Bloomberg Billionaires Index, the world’s 500 richest people added approximately $1.8 trillion to their combined wealth in 2020.   This 31 percent increase, which occurred amid the economic crisis spurred by the coronavirus pandemic, is the largest annual gain in the index’s history. So, what’s the big deal?  I mean, I got nothing to complain about.  Hell, my net worth has just increased by 600 bucks.  Life’s good!  Why, here in LA, that $600 almost covers 1/3 of someone’s average monthly rent.  That’s not a bad chunk of change, once you forget about eating and utilities.  Besides, if you don’t feel satisfied with that $600 kiss me, then you can always get your big ass up off the couch, put on your face mask, and do what a lot of other people are doing these days - rob a convenience store.   Man, it really gets to me when I hear folks complain that wealthy...