As of November 17, the combined wealth of 647 U.S. billionaires increased by almost $960 billion since mid-March, the beginning of the pandemic lockdown—an increase of nearly $1 trillion in less than a year
We should reorient the rules governing taxes and charity to discourage the concentration of power and decision-making. Taxpayers should not subsidize private fortresses of wealth and power that will exist for generations, controlled by the same families and their professional advisers.
In the age of the ‘self-made’ millionaire, the lottery of birth is more important than ever. As George Monbiot once said: “If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire.”
A meaningful strike in defence of the living world is, in part, a strike against the desire to raise our incomes and accumulate wealth: a desire shaped, more than we are probably aware, by dominant social and economic narratives. I see myself as striking in support of a radical and disturbing concept: enough.
How the fruits of wealth creation should be divided between capital, land and labour has been subject of considerable debate throughout history. In 1817, the economist David Ricardo described this as “the principal problem in political economy”.
Professor and author Douglas Rushkoff recently wrote about a group of wealthy individuals who paid him to answer questions about how to manage their lives after what they believe will be the collapse of society.