The Rich Are Making Out Like Bandits In This Pandemic

[douglas9]

Tens of millions of Americans are cashless, many desperate to feed their children. Meanwhile the richest Americans merrily float on a rapidly rising tide of money thanks mainly to Trump & Co.

My analysis of Federal Reserve data shows a record flow of greenbacks let the corporate rich pour trillions of dollars into their accounts as they fired tens of millions.

Now that money just sits, idle.

How can it be that as want ravages cash-starved Americans, money wealth rises for the already rich like the tide rushing into the Bay of Fundy?

The Trump administration and its Radical Republican Senate allies are taking care of those who need help the least while declaring enough already for the unemployed.

Part of the answer is as simple as it is awful. The Trump administration and its Radical Republican Senate allies are taking care of those who need help the least while declaring enough already for the unemployed.

One in five families didn’t have enough food to feed their children in April.

At the same time, 36% of adults who lost their jobs to the COVID-19 pandemic or had their hours cut say they couldn’t pay their bills in April. But the Trump administration and the Republican leaders in the Senate say no more, at least not now. Yet they are rolling out proposals to give more to the richest among us.


https://www.dcreport.org/2020/05/21/the-rich-are-making-out-like-drug-dealers-in-this-pandemic/

[Cirque du So-What]

1. Keep pushing

Any society is 10 meals away from anarchy. The rich may not fare as well as they fantasize.

[beachbumbob]

2. the rich make out as bandits, pandemic or not

10,000 pages of taxcode not for average people's benefit

[live love laugh]

3. I find this redundant and hard to read but I

get the point.

[FoxNewsSucks]

4. The republicon plan is working. eom

[JudyM]

5. Thinking about the stock market today, advantage goes to them, big time.

I was reading an article by an economist who was opining that the market’s recovery isn’t at all consistent with what is otherwise happening with our economy, so it shouldn’t be used to judge what type of broader recovery we’ll have.

Reminds me of Covid tests hat are false negatives, except here we have a false positive. It is only reflecting the actions of those who have sufficient liquidity to gamble. Most, of course, at this point in time especially, do not. Pouring wealth into the market props it up but does little for the “working class,” much less reflect any aspect of how they’re doing or how they’ll do. It’s a separate axis.

[mahatmakanejeeves]

6. "Now that money just sits, idle."

No, no, no, no, no. That's not how it works.