“Behind every great fortune lies a great crime” ... French novelist Honoré de Balzac
No one disputes the fact that the global pandemic threw us all under the bus. Some of us got sick. Some of us lost loved ones. Others lost jobs. Others reaped the benefits. At Inequality.org, journalist Chuck Collins recently shared some statistics concerning the ever-increasing disparity between billionaires and average folks. In a nutshell, the rich not only got richer – they got a lot richer.
Pandemic profiteers like Musk and Bezos made out like bandits and the figures are jaw-dropping. At the start of the pandemic, Tesla CEO Elon Musk was worth about $25 billion dollars; two years into the pandemic his wealth had surged to $255 billion. When last checked – March 18, 2024 – Musk is at $188.5 billion. That’s more than a seven-fold increase in four years.
At the same time, Amazon founder Jeff Bezos’ wealth has soared from $113 billion to 192.8 billion – even after donating tens of billions to charity and paying out tens of billions more in a divorce settlement with his now ex-wife, MacKenzie Scott.
Speaking of Ms. Scott, she’s the only billionaire on the 2020 top 15 wealthiest Americans list to see a decline in her wealth decline from a net worth of $36 billion in 2020 to $35.4 billion due to her generous giving to charity. At least someone has their values in check.
In 2022 the U. S. Bureau of Labor Statistics summed up one study of COVID’s impact on those of us who were just trying to keep our heads above the water line:
The pandemic disrupted lower-paid, service-sector employment
most, disadvantaging women and lower income groups at least
temporarily, and this may have scarring effects...Higher-paid
workers tend to gain more from continuing opportunities to
telework. Less-advantaged students suffered greater educational
setbacks from school closures. School and daycare closures
disrupted the work of many parents, particularly mothers. We
conclude that the pandemic is likely to widen income inequality
over the long run, because the lasting changes in work patterns,
consumer demand, and production will benefit higher income
groups and erode opportunities for some less advantaged groups.
The U. S. Bureau of Labor Statistics got it right. Income inequality grew like cancer cells in the course of the pandemic. Collins’ data tells us that in March 2020 the U. S. harbored 614 billionaires worth $2.947 trillion. In March 2024 the number of billionaires had grown to 737 billionaires worth $5.529 trillion.
If not always illegal, this vast increase in billionaires' wealth has deadly consequences.
In 2022 Oxfam International published Inequality Kills, a report detailing how inequality “is contributing to the death of at least 21,000 people each day, or one person every four seconds. This is a conservative finding based on deaths globally from lack of access to healthcare, gender-based violence, hunger, and climate breakdown.”
Oxfam’s International Executive Director Gabriela Bucher made it quite clear just what led to that perilous state of affairs:
Central banks pumped trillions of dollars into financial markets
to save the economy, yet much of that has ended up lining the
pockets of billionaires riding a stock market boom. Vaccines
were meant to end this pandemic, yet rich governments allowed
pharma billionaires and monopolies to cut off the supply to
billions of people. The result is that every kind of inequality
imaginable risks rising. The predictability of it is sickening.
Fixing – or at least ameliorating – inequality is no easy task. The recommendations of the Peterson Institute for International Economics include: governments need to address inequality directly and specifically; taxes and spending programs must be progressive and benefit others than the wealthy; novel approaches must replace tired, by-the-book policy.
Whatever remedies one favors to deal with the obscene inequality of wealth here and elsewhere, the time to act is now. As Oxfam’s Bucher says: “The consequences of it kill.”
Amy Klobuchar's Entire Subreddit Is an Ironic Joke–and So Is She
Amy Klobuchar ate salad with her comb and then made her aide clean it.
Prior to their official half-endorsement of Amy Klobuchar as the "Democrats' Best Choice For President," The New York Times covered another side of the Minnesota senator. "Senator Amy Klobuchar was hungry, forkless and losing patience," wrote political reporters Matt Flefenheimer and Sydney Ember.
"An aide, joining her on a trip to South Carolina in 2008, had procured a salad for his boss while hauling their bags through an airport terminal. But once onboard, he delivered the grim news: He had fumbled the plastic eating utensils before reaching the gate, and the crew did not have any forks on such a short flight.
What happened next was typical: Ms. Klobuchar berated her aide instantly for the slip-up. What happened after that was not: She pulled a comb from her bag and began eating the salad with it, according to four people familiar with the episode.
Then she handed the comb to her staff member with a directive: Clean it."
Washington Examiner
Flefenheimer and Ember's deep dive into Klobuchar's campaign team reads more like a copypasta than an account of real events; but alas, Klobuchar herself even seemed to lowkey brag about her history of mistreating her staff. "Am I a tough boss sometimes? Yes," Klobuchar said during a CNN Town Hall in February 2019. "Have I pushed people too hard? Yes. But I have kept expectations for myself that are very high. I've asked my staff to meet those same expectations. The big point for me is that I want the country to meet high expectations."
The CNN Town Hall audience may have cheered for that line, but voters don't seem to be "eating the salad," proverbially speaking. Klobuchar has consistently polled near the very bottom of people's choices for Democratic primary candidate, with recent polls placing her just over 3%. In other words, The New York Times' endorsement of Amy Klobuchar is strange considering the fact that she's basically unelectable.
But while, statistically speaking, pretty much nobody actually likes Amy Klobuchar, her behavior has struck a chord with a specific demographic on Reddit.
For context, while the overall Reddit community leans white, male, and liberal, many political figures' most ardent supporters use Reddit as a gathering space for promoting their candidate of choice. From the quarantined r/The_Donald with its 785k members (Russian bots included) to r/SandersForPresident with 380k, almost anyone can find their favorite presidential pick on Reddit. Even r/Tulsi has over 17k people who want Tulsi Gabbard to be president for some reason.
And then we have r/AmyKlobuchar. With 147 total members, roughly seven of whom seem to be online at any given time, the truly incredible thing about Amy Klobuchar's subreddit isn't its minimal user base. It's the fact that pretty much everything posted there is ironic.
The most upvoted post on the entire sub is titled "Amy Klobberchar" and contains a meme recounting a fictional incident wherein Amy Klobuchar threw a stapler at a staffer. In fact, many of the posts in r/AmyKlobuchar hone in on Klobuchar's history of staffer abuse, depicting Klobuchar firing unpaid interns and stepping on people's necks.In another top post on the sub titled "Why I am voting for Amy," a user lists off reasons including, "She is abusive towards her staff. We need a fighter, not a wimp," and, "I like the taste of boot."
The same New York Times article that covered the salad incident included a leaked email that Klobuchar has sent to her staffers regarding the things people said about her on Twitter: "We are becoming a joke and it is making me a joke."
As it turns out, Klobuchar's prophecy was self-fulfilling. By continually treating her staff like garbage, Klobuchar invoked the attention of a small but vocal demographic of roughly 147 people who don't like seeing low-paid interns treated like garbage.
Perhaps much more importantly, though, to most of the American electorate, Amy Klobuchar still doesn't matter.
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