Qasim Rashid, Esq.Nov 22, 2022

The week before Thanksgiving Twitter fires 4K workers, Amazon fires 10K workers, Facebook fires 11K workers, and Disney plans thousands of layoffs—all while US Billionaire pandemic wealth increased an absurd $1.7T.😳

A reminder that billionaires don’t create jobs—they exploit workers.

Tax billionaires. Unionize workers.

Show threaddocNov 22, 2022
@QasimRashid I am a bit worried about the 1.7 T number. That was quoted over a year ago and I am scared it is way more that 1.7 now. Is anyone keeping track of the current figure? We need to keep the spotlight on the important stuff, not the distractions.
Show threadSteve BrecherNov 22, 2022
@dougreidphd @QasimRashid I'd bet that there's a strong correlation of "Billionaire wealth" with the movement of publicly-traded stocks, e.g., the S&P 500 index.
Show threadSteve Brecher

@dougreidphd @QasimRashid commondreams.org, May 5, 2022: "On March 18, 2020, at the beginning of the formal lockdown, U.S. billionaires held a combined $2.947 trillion. On May 4, 2022, as the U.S. crossed the 1 million death mark, according to an analysis by NBC, 727 U.S. billionaires were worth

$1.71 trillion

more, according to Forbes."

Mar. 18, 2020 was 1 day after the CoViD panic low in the S&P 500. From there to May 4, 2022, the index was up 72%. The U.S. billionaires were up "only" 58%

Nov 22, 2022 at 5:12pmWeb