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'Completely Upside Down': As Most Americans Struggled During First Six Months of Pandemic, Billionaire Wealth Surged $845 Billion

Originally published at http://www.commondreams.org/news/2020/09/17/completely-upside-down-most-americans-struggled-during-first-six-months-pandemic

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Just goes to show how much the American people can remain asleep over. Have no power. Don’t care. Too busy. The list goes on about how the money of capitalism IS America as we know it.
When the sheriff of Nottingham comes for whatever we have left, do we finally start to invade the rich and their support structure.
I say history bares this out. It is up to us to determine how long we suffer.

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…and how much collectively we’re actually willing to endure?

It’s been getting worse with each passing decade since I really started paying attention in 1980.

Somewhat understandable from the frog in the pot on the stove metaphor?

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One web site [perhaps the incomparable Second Thought] pointed out that Bezos, the richest person in the world, could easily give each of his employees, most of whom make minimum wage, a bonus of $105,000 and it would barely put a dent into his enormous wealth. But sharing the wealth is probably not high on Bezos’ list of priorities.

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Each day better than the next.

Wide mouth Mason jars on Amazon went from around $20 for a 12 pack to around $62 presently. TAX the mofos fairly.

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“WE WANT DEBT FORGIVENESS!” Yellow Cab Taxi Drivers Shut Down Brooklyn Bridge! 25 minutes ago! It’s now 2:04 pm PT, Sept. 17, 2020!

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ATTN: TRUMP SUPPORTERS
Read that headline and start thinking. Trump and his Fascist cohorts are not your friend. Yes, I know, he throws you the racist bone to play with, assures you that being white makes you privileged. All the while he and his wealthy friends seek to carve up this nations wealth between them.
While Trump only thinks he belongs in their club you folks do not have a place there unless it is in the kitchen washing dishes.

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My instinctive alarm bell goes off when Amazon and other internet commerce giants report lucrative profits. Amazon now has enough cash on hand to order fleets of electric delivery vans that are only a pretention of environmental conscientiousness. Chemical battery resources do not grow on trees. Nor are the electric power resources for charging these batteries inexpensive. Here again is my estimated distribution of battery recourses:
“1” BEV 16-wheeler freight truck pack of 550kwh.
“20” BEV delivery van packs of 125kwh.
“30” BEV Tesla ‘S’ sedan packs of 85kwh.
“170” PHEV Chevy Volt sedan packs of 17kwh.
“500” PHEV Prius sedan packs of 5kwh.
(over a 15-year period)

In other words, PHEV tech broadly distributes battery (and charging) resources more equitably to lightweight personal cars and heavier utility vans and freight trucks. It’s unwise to award internet commerce and delivery companies the lion’s share of these resources to burn up in mere years when they could last for decades in personal cars that also form household backup power supplies to keep the lights on, fridge, stovetop and communication devises working in a utility grid failure, indefinitely when matched to rooftop solar arrays.

Touting PHEV tech might be like kicking a dead horse to the purists among us, but in the case of internet commerce, when local retail falls by the wayside, the distances these vehicles travel and the fuel/energy they consume inexorably increases. We’re being set up for a fall that will ring a death toll for potentially hundreds of millions.

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‘Completely upside down’… Well then, let’s turn it right side up again! No one is supposed to profil excessively from national disasters, are they?!
How about a 100% tax on all those BILLIONS in profits, made by just a very fortunate (greedy?) few. Don’t worry…they’ll still have all their original BILLIONS left.
But, these new BILLIONS are needed by the people of this country in order to survive & SMALL businesses too!
We will never recover from the Trump years at the rate we’re going! Pokey-ass gov’t can’t even manage to get adequate economic assistance out to us in timely fashion! Big $$$ donors & corporations got shitload of money & fast! No so, rest of us. Huh?! Trump REALLY screwed EVERYTHING UP & still is, always will. Why should we, “the screwed”, pay the price for shit to come? Makes no sense. What DOES MAKE SENSE is that those who benefitted $$$ can pay the bills!! Tax them now! Tax them fully! And any billionaires that bitch about it…tax the at 2x the amount!
Seems fair enuff to me.

VOTE OUT THE GOP SOB’s!!!
TAKE BACK OUR COUNTRY!!!

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ATTN: RDD

Are we supposed to ignore the fact that wealth inequality went up a helluva lot under Obama/Biden?
Or are you under the impression that this upward transfer of wealth started under Trump?

Should we ignore the giant ass bail out that Obama gave Wall St while 9 million people were foreclosed on?

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I like how Trump signed off on all that deficit spending, the highest of any three-year period in history, and a quarter of it went to billionaires. 2018 --$780 billion, 2019 – $984 billion, 2020 – $3.8 Trillion. The deficit he inherited was under $600 billion – that damn Obama! And Trump outspent Obama, too, every year.

And those billionaires didn’t have to steal, it was pretty much a gift from Congress, Trump, and the Federal Reserve.

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I assume the “they” in your second and third sentences are the billionaires and ruling classes.

If my assumption is correct, then congratulations are in order. Great snark.

Or were you being serious?

If you were being serious, perhaps I should take this opportunity to point out that the argument we are discussing here — the argument sketched out in the essay — is a STRUCTURAL argument, not a psychological one. Do you have anything to contribute to a discussion about structural inequality in the U.S. and global economies, or did you just want to pop your head up for a moment and utter a few glib, irrelevant remarks?

You like those big Trump deficits, right?
Projected, before the pandemic, to be over a $trillion/year for 20 years.
He promised a balanced budget, dude.

You fell for it, didn’t you? You can admit it.

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The bail outs were passed as a bi-partisan bill. Don’t you remember Boehner crying because his party was leading the bail out parade. Here you go, Obama wasn’t president, Bush still was:

~http://content.time.com/time/politics/article/0,8599,1846453,00.html

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You provide a link from before this year? Nice try, dumbass.

In just three years, Trump’s adding $5 trillion in debt:

~https://www.marketwatch.com/story/trump-added-about-3-9-trillion-to-deficits-so-far-budget-group-says-11599669921

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Here’s what you wrote, dumbass:

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Your link has nothing on spending, just debt and percentage of GDP.

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Seems like you have a lot of complaints about Trump. His deficit was well over a trillion this year, without the pandemic. When the economy was doing just fine. He broke his promise, the one you fell for. Sucka.

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Class envy? As long as capitalism has directed our national economy to become actually productive, too many of those who labored the most received the least benefit. Socialism attempts to raise everybody’s living standards and only hampers reckless, abusive capitalists who view others as little more than consumers, wage-slaves and canon fodder. Trump doesn’t care about anyone outside his richly decorated but myopic worldview of what’s in it for me. Unfortunately for the rest of us, he’s leading astray fellow republicans who likewise have no concern for anyone but themselves. The republican mantra of “individualism” rewards abusive conduct. Socialism attempts to spread the wealth around so that those who least benefit from capitalism aren’t left out in the cold. It’s curious how losing the Vietnam War opened the door to communism and we’re now trading partners there and completely dependent upon communist China. Donald Trump is a traitor gleefully watching the shit hit the fan.

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