Facebook founder & CEO, Mark Zuckerberg added 41 billion dollars to his wealth over the past year. That’s nothing compared to what Tesla founder & CEO, Elon Musk raked in: 157 billion. The majority of humans on the planet can’t even fathom earning that amount of money in a lifetime. Yet, for many in the top .01 percent, it’s a never-ending cycle of stockpiling and building their massive wealth. As the rich get richer and keep taking up a bigger piece of the pie, what’s left for the rest of us? How can leaders and laws slow this extreme wealth inequality?
- Chuck Collins, director, Program on Inequality, Institute for Policy Studies, author, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.
Links for more information:
- Inequity.org: Updates: Billionaire Wealth, U.S. Job Losses and Pandemic Profiteers
- Forbes: The World’s Billionaires Have Gotten $1.9 Trillion Richer In 2020