Today it was reported that the unemployment rate has hit 14.7%, the highest since the Great Depression. As of this writing (about noon), the Dow Jones Industrials has risen almost 400 points. The oligarchs live in a different world from the rest of us and profit from our misfortune.
As the working class loses jobs and income, the oligarchs are doing quite nicely: Between January 1, 2020 and April 10, 2020, 34 of the nation’s wealthiest 170 billionaires saw their wealth increase by tens of millions of dollars. Eight have seen their net worth surge by over $1 billion. As of April 15, Jeff […]