The U.S. burns while the rich and powerful fiddle

Social inequality

Billionaires have been profiting exorbitantly from the ups and downs of the stock market as it reacted to news of the pandemic:[7]

Luke Hilyard, executive director of the High Pay Centre, a thinktank that focuses on excessive pay, said the “extreme wealth concentration is an ugly phenomenon from a moral perspective, but it’s also economically and socially destructive”.

“Billionaire wealth equates to a fortune almost impossible to spend over multiple lifetimes of absolute luxury,” Hilyard said. “Anyone accumulating riches on this scale could easily afford to raise the pay of the employees who generate their wealth, or contribute a great deal more in taxes to support vital public services, while remaining very well rewarded for whatever successes they’ve achieved.”[8]

Meanwhile, U.S. politicians still won’t (don’t say “can’t”) agree on an economic relief package even as people are losing their jobs,[9] losing their health insurance (but forget about Medicare For All, even in a pandemic),[10] and being evicted.[11] ’Cause, you know, none of that really matters.[12]

Rupert Neate, “Billionaires’ wealth rises to $10.2 trillion amid Covid crisis,” Guardian, October 7, 2020, https://www.theguardian.com/business/2020/oct/07/covid-19-crisis-boosts-the-fortunes-of-worlds-billionaires

Jonathan Roeder, Jordyn Holman, and Mary Schlangenstein, “‘People are suffering’: Corporate America lashes Trump after stimulus call,” Sydney Morning Herald, October 7, 2020, https://www.smh.com.au/business/the-economy/people-are-suffering-corporate-america-lashes-trump-after-stimulus-call-20201007-p562rj.html


Academia

Colleen Shalby, “California colleges tried to prepare for COVID-19 outbreaks. It didn’t work,” Los Angeles Times, October 7, 2020, https://www.latimes.com/california/story/2020-10-07/as-californias-universities-reopen-off-campus-activity-contributes-to-spike-in-covid-19-cases


  1. [7]Rupert Neate, “Billionaires’ wealth rises to $10.2 trillion amid Covid crisis,” Guardian, October 7, 2020, https://www.theguardian.com/business/2020/oct/07/covid-19-crisis-boosts-the-fortunes-of-worlds-billionaires
  2. [8]Rupert Neate, “Billionaires’ wealth rises to $10.2 trillion amid Covid crisis,” Guardian, October 7, 2020, https://www.theguardian.com/business/2020/oct/07/covid-19-crisis-boosts-the-fortunes-of-worlds-billionaires
  3. [9]Jonathan Roeder, Jordyn Holman, and Mary Schlangenstein, “‘People are suffering’: Corporate America lashes Trump after stimulus call,” Sydney Morning Herald, October 7, 2020, https://www.smh.com.au/business/the-economy/people-are-suffering-corporate-america-lashes-trump-after-stimulus-call-20201007-p562rj.html
  4. [10]Sara R. Collins and David Blumenthal, “Without universal healthcare, coronavirus puts us all at risk,” Los Angeles Times, March 5, 2020, https://www.latimes.com/opinion/story/2020-03-05/op-ed-time-to-ramp-up-medicaid-to-pay-for-universal-coronavirus-care; Amy Goldstein, “Worries about medical bills and lost pay may hamper coronavirus efforts in the United States,” Washington Post, March 2, 2020, https://www.washingtonpost.com/health/worries-about-medical-bills-and-lost-pay-may-hamper-coronavirus-efforts-in-the-united-states/2020/03/02/75825be0-5c9c-11ea-9055-5fa12981bbbf_story.html; Amy Goldstein, “First, the coronavirus pandemic took their jobs. Then, it wiped out their health insurance,” Washington Post, April 18, 2020, https://www.washingtonpost.com/health/first-the-coronavirus-pandemic-took-their-jobs-then-it-wiped-out-their-health-insurance/2020/04/18/1c2cb5bc-7d7c-11ea-8013-1b6da0e4a2b7_story.html; James Hamblin, “What Will You Do If You Start Coughing?” Atlantic, March 11, 2020, https://www.theatlantic.com/health/archive/2020/03/where-do-you-go-if-you-get-coronavirus/607759/; Eric Levitz, “In the Age of the Coronavirus, Biden’s ‘Results’ Require Bernie’s ‘Revolution,’” New York, March 16, 2020, https://nymag.com/intelligencer/2020/03/who-won-the-democratic-debate-between-biden-and-bernie-coronavirus.html
  5. [11]Associated Press, “Tenants Behind on Rent in Pandemic Face Harassment, Eviction,” U.S. News and World Report, June 14, 2020, https://www.usnews.com/news/best-states/virginia/articles/2020-06-13/tenants-behind-on-rent-in-pandemic-face-harassment-eviction; Regina Garcia Cano and Michael Casey, “Wave of evictions expected as moratoriums end in many states,” Associated Press, August 4, 2020, copy in possession of author; Stephen Caruso, “Gov. Wolf says his executive authority has run out on extending eviction moratorium, perplexing some experts,” Pittsburgh City Paper, August 28, 2020, https://www.pghcitypaper.com/pittsburgh/gov-wolf-says-his-executive-authority-has-run-out-on-extending-eviction-moratorium-perplexing-some-experts/Content?oid=17896117; Benjamin Fearnow, “Biden, Sanders demand 3-month freeze on rent payments, eviction of tenants across U.S.,” Newsweek, March 28, 2020, https://www.newsweek.com/biden-sanders-demand-3-month-freeze-rent-payments-eviction-tenants-across-us-1494839; John Fritze and Nicholas Wu, “Trump administration announces nationwide eviction moratorium through end of the year,” USA Today, September 1, 2020, https://www.usatoday.com/story/news/politics/2020/09/01/trump-imposes-eviction-moratorium-because-covid-19-pandemic/5686402002/; Kriston Capps, “What Happens When the Eviction Bans End?” CityLab, May 29, 2020, https://www.citylab.com/equity/2020/05/pay-rent-eviction-ban-coronavirus-housing-crisis-landlord/612277/; Elizabeth Hardison, “Pa.’s moratorium on evictions has ended. Here’s what that means,” Pennsylvania Capital-Star, September 1, 2020, https://www.penncapital-star.com/working-the-economy/pa-s-moratorium-on-evictions-has-ended-heres-what-that-means/; Sam Levin, “California landlords are locking out struggling tenants. A ‘tsunami of evictions’ may be next,” Guardian, July 30, 2020, https://www.theguardian.com/us-news/2020/jul/30/california-covid-19-evictions-landlords-tenants; Eric Levitz, “This Recession Is a Bigger Housing Crisis Than 2008,” New York, July 13, 2020, https://nymag.com/intelligencer/2020/07/coronavirus-recession-evictions-crisis-congress.html; Renae Merle, “Evictions are likely to skyrocket this summer as jobs remain scarce. Black renters will be hard hit,” Washington Post, July 6, 2020, https://www.washingtonpost.com/business/2020/07/06/eviction-moratoriums-starwood/; John L. Micek, “Pa. is facing a wave of evictions. Two state House lawmakers have a plan to help,” Pennsylvania Capital-Star, June 16, 2020, https://www.penncapital-star.com/commentary/pa-is-facing-a-wave-of-evictions-two-state-house-lawmakers-have-a-plan-to-help-tuesday-morning-coffee/; Emma Ockerman, “The Tenant Uprising Is Here, and It’s Fierce,” Vice, August 7, 2020, https://www.vice.com/en_us/article/7kpdyq/the-tenant-uprising-is-here-and-its-fierce; Ashwin Rodrigues, “Gig Economy Company Launches Uber, But for Evicting People,” Vice, September 21, 2020, https://www.vice.com/en_us/article/ep435n/gig-economy-company-launches-uber-but-for-evicting-people; Jenny Schuetz, “America’s inequitable housing system is completely unprepared for coronavirus,” Brookings, March 12, 2020, https://www.brookings.edu/blog/the-avenue/2020/03/12/americas-inequitable-housing-system-is-completely-unprepared-for-coronavirus/; Renatta Signorini, “As time ticks down on eviction ban in Pennsylvania, crush of court cases expected,” Pittsburgh Tribune-Review, July 8, 2020, https://triblive.com/local/westmoreland/as-time-ticks-down-on-eviction-ban-in-pennsylvania-crush-of-court-cases-expected/
  6. [12]David Benfell, “The mysterious expectation that elites give a damn,” Not Housebroken, September 26, 2020, https://disunitedstates.org/2020/08/01/the-mysterious-expectation-that-elites-give-a-damn/

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