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'Grotesque': While 41 Million People Lost Jobs Due to Covid-19, US Billionaires Grew $500 Billion Richer

Originally published at http://www.commondreams.org/news/2020/05/28/grotesque-while-41-million-people-lost-jobs-due-covid-19-us-billionaires-grew-500

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I want to say thanks the repugs and demodogs for being kind the 1%:wink: They sure threw us on Main Street under the wheels of the bus.

I’ll be voting Green again

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Does the $500 billion figure include tax cuts for the 1% that are included in CARES legislation ?

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they’re daring us to knock them off the hill.

so I guess let’s just complain some more.

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This type of looting has always been legal in the United States.

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Bailouts steal the prosperity of the 99% to replace the losses of the investor, landlord and credit debt holder class losses. How much austerity will we be forced to endure this time? How many will have to lose their homes, assets and jobs this time?

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amerika at its very best! fuck them all.

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I would really like to see a comparison of wealth growth by Billionaires during this pandemic done in other Countries. If it the same across the board then we look to Capitalism itself as the issue (Not that it is not an issue) and if it specific to the USA it tells us it due to cronyism and the Politicians helping them along.

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Remember when the real estate value of Tokyo penciled out to be greater than all of California?

Capitalists are disconnected from reality and have been so for as long as I can remember.

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Do you mean the WHO CARES legislation?

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A famous bank robber was asked why he robbed banks, He said " That’s where the money is."
So-----rich heartless people , I am wondering what will happen when the starving populace figures out that , forget banks, the money is with the rich people! : 0

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That was something i wondered too. Is it only relevant to the USA or worldwide.

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Please note that my IRA is up significantly from March 18 - the Dow was down almost 3000 on the 17th. I have recovered about 25% of the 35% I lost but that really isn’t the same thing as MAKING 25%. If you just started your baseline a few weeks earlier, I suspect you would find that most ‘billionaires’ (like everyone else in the market) have actually lost quite a bit.

Hardly a shocker. This has been going on since Reagan, only much faster between Us and Them. LBJ was the last Socialist POTUS. He provd that in Texas than then as President. Elsewhere…

The US has escalated its war on our fav money holder (China) over Hong Kong and its crushing of basic democratic rights…HK citizens gave up those rights when England abandoned HK totally to China ownership. Now China has had enough revolt and dissent and decided to take full responsibility for what is rightfully theirs…The US would do the same, and is attempting that very suppression of basic human rights as write this: Thanks Trump. This is no business of ours.(nor is the Taiwan issue). China holds all the wining cards and the US under DT will continue to be the loser, and laughingstock of the global community.

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Morgan1: “China has had enough revolt and dissent and decided to take full responsibility for what is rightfully theirs…”

…much the same as the UK under Chamberlain did when it allowed Hitler’s invasion of Czechoslovakia to stand. I am of the belief that one does not ever ‘give up’ human rights. Governments may suppress them, but they still exist.

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The American billionaires are multinationals making $$$ off the world. They have a business model that is fucking everyone.

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Why is anyone at all surprised at how this is stacking up? Trillions of taxpayer owed $$$ given away by Mnuchin to the super-rich corporate donor class ~ the only ones that politicians care about cuz’ they share the spoils with the same people giving our money away to them. Nothing new, but much more obscene, filthy & vile…all to be expected with the big fatass conman grifter at the helm!
The megarich humans & corps & our politicians as well, all of them got huge tax cuts for next 10yrs. Trump’s 2017

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The first time I saw this, Robert F Kennedy, Jr. was making the same case. It is cherry picking of data because it ignores the losses suffered prior to period mentioned. That is, the losses prior to the period mentioned were greater in magnitude than the gains noted. Except for investors in particular companies that are on-line based like Amazon or UPS delivered like Apple, billionaires have suffered losses since the initial decline due to the pandemic.

So while the $6.2 Trillion bailout was a vast socialist handout to corporations and therefore their wealthy owners, this financial analysis is not credible.

RFK Cherry Picks Financial Data

facebook. com /SpiritOfJBulworth/photos/a.494329413929325/3485222124840024/

Financial Data Graph

facebook. com /SpiritOfJBulworth/photos/p.3548346015194301/3548346015194301/

A government of the “helpless voters”, run by the “useful idiots” working for “the billionaires”.

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