Sunday/ billionaires under siege

The US still has by far the most billionaires in the world (585, compared to China: 373, Germany: 123, Denmark: 6, South Africa: 6, if Elon Musk is counted in that 6).

So are billionaires to blame for income inequality? Are they, indirectly so? How does one stop a country’s economy from producing billionaires? (Probably something like a marginal tax rate of 90% above $5 million of annual income).

Anand Giridharadas (political commentator, TIME Editor at large), says this 2020 Presidential election in the United States will be a referendum on wealth and capitalism, that has gotten a little out of control/ completely out of control, in the United States of America.

My first reaction to the street sign graffiti sticker of Jeff Bezos (sticker from here in Capitol Hill in Seattle), asking ‘How many homeless people does it take to make a billionaire?’ (ugly Old English font, BTW) was .. um, that sounds like an extreme stretch of logic; a gross oversimplification of the problem of homelessness. But then I saw this statement made about San Francisco: “There are 101 homeless people per billionaire. The idea that such a problem could persist in a city with 74 billionaires is astonishing.” – Andrew Yang & Anand Giridharadas in a discussion posted by @UBI Rising on Twitter. They may have a point there.

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