Do the Billionaire Shuffle
Bill Gates is once again the world's richest man, though he rules over a ravaged kingdom of billionaires. Forbes' annual list has shriveled by nearly a third and $2 trillion in net worth. Those poor billionaires.
Bill Gates is once again the world’s richest man, though he rules over a ravaged kingdom of billionaires. Forbes’ annual list has shriveled by nearly a third and $2 trillion in net worth. Those poor billionaires.
Gates is the sort of billionaire one can get behind. He has promised to will his entire fortune to charity and has already donated tens of billions.
WAIT BEFORE YOU GO...Bloomberg:
Microsoft Corp. Chairman Bill Gates regained the title of world’s richest person on Forbes magazine’s annual ranking of billionaires worldwide, as the global recession slashed the size of the list by 30 percent.
The number of billionaires fell to 793 from 1,125 last year. It was the first time since 2003 that the number of people on the list decreased, and the biggest drop since the magazine began the ranking 23 years ago.
This year, the ground feels uncertain — facts are buried and those in power are working to keep them hidden. Now more than ever, independent journalism must go beneath the surface.
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Africa
We need to dispel the myth that billionaries are geniuses.
The Amazon founder says he plans to give grants this summer to scientists, activists and nonprofits working to protect earth.
According to a new Bloomberg analysis, the wealthiest 500 people gained $1.2 trillion this year, increasing their net worth by 25%.
It's not enough to tax away their wealth. Let’s get the über-rich off our airwaves, too.
Once oligarchs seize power, they dismantle outside controls to create a corrupt economy and finally a corrupt state. Tyranny follows.
Moderate Democrats like Biden are in denial that the sea change needed to reach goals can coexist with the status quo for the rich.
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