"In one America, the richest people are becoming obscenely richer and have never, ever, had it so good. That America is overflowing with unimaginable wealth, greed and opulence that makes the Gilded Age seem very modest. And then there is a second America an America where a majority of people live paycheck to paycheck, struggling to secure the very basic necessities of life food, healthcare, housing and education."
"In the first America, one man Elon Musk, the richest man in the world, worth more than $480bn, owns more wealth than the bottom 52% of American households. After spending $290m to put Trump back into the White House, Musk has become more than $180bn richer since election day. That's a pretty good return on his investment. But that's apparently not good enough for Musk."
"In order to keep him motivated as CEO, Tesla's board proposed giving him a $1tn pay package if he meets certain goals. A trillion dollars. Jeff Bezos, the fourth wealthiest person in the world, has a fortune of $233bn. He can sail to Venice on his $500m yacht for his reported $50m wedding , where he gave his wife a $3m-$5m ring because, among other things, his effective tax rate is just a reported 1.1%."
Two distinct Americas exist: one for the billionaire class and one for everyone else. The billionaire America concentrates unimaginable wealth, greed and opulence, while a majority live paycheck to paycheck and struggle for food, healthcare, housing and education. Billionaires like Elon Musk, Jeff Bezos and Mark Zuckerberg hold hundreds of billions in personal wealth and rapidly increase their fortunes. Musk owns more wealth than the bottom 52% of households and gained over $180bn since election day. Tesla's board proposed a $1tn pay package for Musk. Bezos and Zuckerberg spend lavishly while reportedly facing very low effective tax rates.
Read at www.theguardian.com
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