There are now 2,043 dollar billionaires worldwide. Nine out of 10 of them are men.
In 12 months, the wealth of this elite group of 2,043 has increased by $762 billion — enough to end extreme poverty seven times over.
In the period between 2006 and 2015, ordinary workers saw their incomes rise by an average of just 2 percent a year, while billionaire wealth rose by nearly 13 percent.
Bill Gates, Jeff Bezos and Warren Buffett, the three richest people in the U.S., own the same wealth ($248.5 billion) as the bottom half of the U.S. population.
The current issue of the New Yorker has an article that well describes the culture of corruption in Washington, D.C. “Washington Man” by George Packer tells of Jeff Connaughton’s trajectory through our nation’s capital — first as an idealistic aide to Senator Joe Biden, then as a well-paid industry lobbyist, then as an aide to […]
As the Washington legislative session wrapped up, our legislators finally took at least one important step in the right direction. Or rather, they stopped going in the wrong direction. It’s about time. Tuition and fees at the University of Washington are $13,000 — close to a quarter of the pre-tax income of the typical middle […]