Wealth, shown to scale (mkorostoff.github.io)
Wealth inequality in the United States is out of control. Here we visualize the issue in a unique way.
Entitled business owner demands YOU pay their employees | Louis Rossmann (www.youtube.com)
The top comment nails the true cause of the problem - "The upper classes are just pitting us against each other. Broke delivery driver and broke customer who ordered the food will fight each other over tip, whilst the food delivery app makes good money and laughs at us fighting."
The Great Grift: How billions in COVID-19 relief aid was stolen or wasted (apnews.com)
An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10% of the $4.2 trillion the U.S. government has disbursed in COVID relief aid.
The more wealth we have, the more precious time becomes
Real GDP per capita has doubled since the early 1980s but there are still only 24 hours in a day. How do consumers respond to all that increased wealth and no additional time? By focusing consumption on goods that are cheap to consume in time. We consume “fast food,” we choose to watch television or movies “on demand,”...