Home > Uncategorized > U.S. billionaires and the pandemic

U.S. billionaires and the pandemic

  1. Vince Richardson
    December 1, 2020 at 4:56 pm

    An apt illustration of all that is wrong with the way we run the world.

  2. Ken Zimmerman
    December 25, 2020 at 4:34 pm

    A few questions and some answers. 1. Do they deserve the money? No. 2. Do they need the money? No. 3. Will they use the money to make the world a healthier, happier, safer. more equal place? Not likely. So why are they given the money? Because presently, that is what the rules say.

    About those rules. If you have ever visited France, you have probably toured the Palace at Versailles. The palace once was a royal residence. Now it is owned by the French national government. It was seized from the royals as part of a revolution. As was most of the rest of the wealth of the royals. The French people changed the rules. In the UK over 100 years ago any formal political role for British royals was abolished. But they were allowed to retain their property (valued at billions of Euros). In Norway, similarly the formal political role for royals was abolished. But their property was seized by the government and they given an allowance for living expenses. The British and Norwegian peoples changed the rules.

    I suggest approach one or three to deal with the American royals (rich families and individuals and corporations). It is unlikely we would see a repeat of this kind of trillion-dollar announcement in the future. And like France and Norway, the wellbeing of all the American people would likely improve after the rule changes.

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