The rich keep getting richer: Billionaires made enough to pay for everyone’s vaccine during the pandemic, while workers lost $3.7 trillion.
How did we get here? 🧵
As stocks plummeted 37% in March 2020, 70% of small business aid went to large, publicly traded corporations. By June, a stock-market rebound made seven of the world's richest people even richer.
Women and younger workers were the hardest hit by employment losses. One million married women lost their jobs in September 2020 and Gen Z has become the most unemployed generation. businessinsider.com/workers-lost-3…
There's hope for recovery, but it'll likely be uneven. Lower-paying industries are currently below their level of pre-pandemic employment, while high-paying industries have regained employment.
In December, @thisisinsider reported the 10 richest American billionaires were worth over $1 trillion — a little more than half the value of President Biden's proposed stimulus package. businessinsider.com/billionaires-m…
Nearly 8 million Americans have fallen into poverty in recent months. Many Americans were left without a lifeline as government benefits expired. businessinsider.com/8-million-amer…
Throughout the pandemic, support for wealth taxes has grown in efforts to provide relief. Sen. @ewarren said the wealth tax is an investment in the future of the country.
NYU’s Scott Galloway argues a one-time wealth tax would raise up to $1 trillion to support low-income families during the pandemic. businessinsider.com/scott-galloway…
The International Monetary Fund encouraged countries to consider implementing wealth taxes to raise revenue during the pandemic. businessinsider.com/governments-we…
Do you support a wealth tax?
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Despite the company’s progressive content, current and former employees for @ComedyCentral's creative team told Insider that the company is rife with discriminatory behavior.
In the second half of 2020, big financial names like Michael Burry and Ryan Cohen began buying up shares in GameStop, increasing its share value until it surpassed its pre-collapse value in late 2020. businessinsider.com/explainer-what…
That's right around when Reddit picked up the scent.
WallStreetBets subreddit members rushed into the stock on January 13, praising the move and calling on each other to squeeze short-sellers out of their bearish positions.
An Insider investigation has revealed new allegations of fashion influencer Danielle Bernstein copying designs.
Fashion-industry professionals suggest it’s a pattern of behavior that disregards industry norms and tests the limits of copyright law.👇 bit.ly/36l7lTP
Current and former @onia__ employees, WeWoreWhat’s production partner, say Bernstein (@WeWoreWhat) receives samples from brands and designers with the expectation she will promote them, but instead pushes workers to mimic designs under her own name. insider.com/danielle-berns…
👉 While Biden's Cabinet and White House staff have diversity in gender and racial makeup, our analysis showed, there is an overrepresentation of people from the East Coast, those with Ivy League degrees, and lawyers. businessinsider.com/joe-biden-cabi…
👉 Researchers suggest this is typical in government but not necessarily the most effective for optimal decision-making. businessinsider.com/joe-biden-cabi…
The Constitution allows the Senate to ban an official convicted in an impeachment trial from ever holding federal office again. If this rare procedure is invoked, it could be the end of Trump’s political career.