“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.”
Black Voters Won Georgia. Now It’s Time for Democrats to Listen
For too long we've been told that "Black" politics would scare away moderates
First thing's first: I need white people to stop treating Stacey Abrams like their savior.
Deification, a form of dehumanization, strips a person of their humanity and turns them into a symbol. By overhyping Stacey Abrams, white people assert their goodness on the back of a Black woman, trying to be woke by association.
While Abrams deserves much praise, we cannot continue to place superhuman expectations upon her. We also cannot act like she was solely responsible for discovering a secret to turning Georgia blue. The reality is that Stacey Abrams worked tirelessly alongside other dedicated organizers to address the voter suppression Black people have been fighting in Georgia for decades.
So why haven't democratic politicians done this before? Obama did, campaigning at a grass roots level and counting on disenfranchised voters. But he was Obama, people might say, of course Black people will vote for him. The "Black vote" in political discourse is treated as an ineffable mystery and often discarded as impossible to count on. Black people just don't vote, politicians say, then focus their attention elsewhere.
So when the Black vote (alongside other BIPOC demographics such as the historic voter turnout of Indigenous populations in Arizona) undoubtedly delivered the 2020 election to the Democrats, then did the same for the House in the Georgia run-offs, everyone was talking about Stacey Abrams in a way a little too reminiscent of how the dad talked in Get Out.
But the election results revealed that Black voters are in fact the key to the Democratic Party's success. When is the Party going to start acting like it?
All through the election year, Democrats were convinced that playing it safe was the key to defeating Trump.
By electing Biden as the nominee instead of more "radical" Democratic candidates like Bernie Sanders or Elizabeth Warren, the DNC were adamant that the game plan was to appeal to white moderates — which meant not scaring them away.
So while Biden picked Harris, a biracial Black and Indian woman, as his Vice President, their campaign strategy was to hover around the center and appeal to white voters who somehow just weren't sure who to vote for yet.
Meanwhile, the country was going through a period of major racial protest. Black Lives Matter protesters spent the summer appealing for an end to police brutality, for legislative protection, for defunding the police and reexamining the carceral system in light of its racist roots.
And though there were some tweets and statements from major Democratic politicians in response to the murder of George Floyd, as well as that super embarrassing thing with the Kinte cloths, the sentiment remained that actually addressing the demands of protestors would be too risky and scare away the nice white voters.
Well, the nice white voters went for Trump.
Exit polls showed that 58% of white voters voted for Trump — an increase from the 2016 election. And while Trump made percentage gains with Black men, Black people overwhelmingly voted for Biden. And in key cities in key states, Black voters having the agency to vote in the presidential election and in the Georgia Senate races was instrumental in the Democratic wins.
The numbers speak for themselves. In his election speech, Biden even thanked Black voters for being instrumental to his victory. But Biden's main message was one of healing — not for marginalized groups who suffered most under the Trump presidency, but for … "the soul of America"?
Biden's speech seemed to focus on restoring party communication, going back to his comfortable place in the center and telling us (while invoking Langston Hughes in his references to "dreams deferred") to join him.
For many Black voters, moving to the center looks like regression. Again, the Democratic rhetoric was one that appealed to white moderates, to appease their concerns and placate their nerves after a year of proverbially "difficult" conversations and "reckoning."
But for Black Americans, the most difficult thing is being constantly gaslit — being told by a party which claims to care about us that fighting for our concerns (read: our lives) is too much, too difficult, too frightening.
In response to the calls to defund the police, many major Democrats were quick to dismiss the movement. Biden himself said that he did not want to defund the police. "I support conditioning federal aid to police based on whether or not they meet certain basic standards of decency and honorableness," he said instead, again appealing to vague notions of morality rather than actionable policy.
Even Black politicians took up this rhetoric. South Carolina Representative and major Civil Rights activist James Clyburn said that "nobody is going to defund the police," and that "police have a role to play." His plea was against "sloganeering," claiming that pleas like "Defund the Police'' would undermine the movement and lose the election.
Barack Obama said something similar (thanks, Obama): "If you believe, as I do, that we should be able to reform the criminal justice system so that it's not biased and treats everybody fairly, I guess you can use a snappy slogan, like Defund the Police, but, you know, you lost a big audience the minute you say it."
These sentiments are the work of years of conditioning that expects Black people to acquiesce to white audiences, to settle for banal "reform" and "slow, steady change" instead of radical action. They are examples of respectability politics and tone policing that reinforce the idea that Black folks are a liability, harming our own progress by scaring away potential allies.
But we're tired of it.
In the wake of the dismissal of BLM slogans, many major progressives also spoke out. Representative Ilhan Omar responded to Obama's comment in a tweet, saying: "We lose people in the hands of police. It's not a slogan but a policy demand. And centering the demand for equitable investments and budgets for communities across the country gets us progress and safety."
We lose people in the hands of police. It’s not a slogan but a policy demand. And centering the demand for equitabl… https://t.co/fh8ftnTR7t— Ilhan Omar (@Ilhan Omar) 1606872699
Her response points out the danger in the quick dismissal by these politicians: too focused on how the slogan sounds, they fail to address the policy changes it calls to action and continue to support a system of policing which currently exists in a fundamentally oppressive structure. Reform is not enough, complete restructuring and radical change is the only answer.
Most Black Americans do not have the privilege of not understanding this. And, after delivering the election to Biden and the Senate, we want recognition.
We want to no longer be the big scary thing that Democrats are afraid of. We want to be taken seriously, and we want our demands to be met, our communities to be prioritized, and our people to stop dying at the hands of the state.
Black voters do not appear magically to deliver democracy if white people click their heels, repost an infographic, and say, "Stacey Abrams" in the mirror three times. The Black Vote is a collection of diverse, real people who are tired of being treated like a liability, a threat to the party they have always been loyal to.
It's time the party returned the favor — pointing out the obvious transgressions of the (soon) past administration will not be enough. With a blue senate, Biden has the opportunity to be bold, to enact real change for the communities who showed up for him, despite his own flaws and a year spent turning his back to us for the sake of white voters who did not.
- Joe Biden's "You Ain't Black" Comment Is So Far Out of Touch ... ›
- Black Power, White Money: Ice Cube and Lil Wayne's Support of ... ›
- Why the Georgia Runoffs Are So Important - Popdust ›
- (BVM) Capacity Building Institute ›
- Black Voters Matter ›
- Trump and the G.O.P. Lost Georgia. Black Voters Won It | The New ... ›
- Black voters powered Democrats to victory in the Georgia Senate ... ›
- Detailed Turnout Data Shows How Georgia Turned Blue - The New ... ›
- Black Voters Matter Co-Founder: Black Voters In Georgia Fuel 'New ... ›
