The Bitchuation Room with Francesca Fiorentini
@franifio·283K subscribers·2.7K videos
We Must Tax Billionaires Out of Existence (with Doug Henwood)
Posted
October 31, 2021
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October 31, 2021
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9:30Now PlayingWhat’s the best way to deal with the American billionaire/oligarchic class? While many Americans have suffered tremendously during the COVID-19 pandemic, it’s been a great time to be a billionaire (though, to be fair, when was that ever not the case).
By some estimates, the wealth of the American billionaire class grew by 70% during the pandemic. According to inequality.org, billionaires in the U.S. held roughly $3 trillion at the beginning of the pandemic, and that number has grown to $5 trillion now. This is more than the amount of wealth owned by the bottom 50% of U.S. households, calculated to be roughly $3 trillion.
While the fortunes of the rich grew, the pandemic ravaged the country. Almost 89 million Americans have lost jobs, over 44.9 million have been sickened by the virus, and over 724,000 have died from it. The only way to deal with a billionaire class is get rid of it.
Francesca was joined this week by Nato Green, a comedian, writer, dad, and labor organizer. His comedy albums include "The Whiteness Album" and "The Nato Green Party," which can be found on Bandcamp. Follow him on Twitter:
Doug Henwood is an economist and journalist He published Left Business Observer, a newsletter on economics and politics, from 19862013. He hosts Behind the News, a weekly radio show that originates on KPFA, Berkeley, that is rebroadcast on several other stations across the U.S., and has a worldwide audience via podcast. His book Wall Street is now available for free download. His other books include The State of the USA Atlas, After the New Economy, and My Turn.
Recorded October 24th, 2021
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Thanks to Rebecca Rufer, Maximillien Inhoff, Ellie Hoffman & Alexandra Ornes
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