Forbes’ annual billionaires list is not a dream board – it is a horror show

Forbes’ annual billionaires list is not a dream board – it is a horror show

luxury

This week, Forbes journal introduced its annual record of the world’s billionaires, and Oklahoma is often effectively represented on the record, with Tom and Judy Love of Love’s Nation Shops topping the Oklahoma record at $10.8 billion. 

However whereas Oklahoma has its share of individuals having fun with life above the ninth digit, most of us residing middle-class lives can not fathom such numbers. 

At my family’s present earnings, it will take us 72,000 years to succeed in the Loves’ whole value. One way or the other, regardless of how exhausting we work and the way assiduously we save, I don’t suppose we’re going to get there. 

Loads of individuals are in my place however many extra in Oklahoma are dealing with steeper climbs. 

In response to the Financial Coverage Institute’s senior economist Elise Gould, over 4 many years of accelerating financial disparity has resulted in two generations of People who didn’t obtain the identical degree of earnings safety loved by their forebears. 

Because of this, the wage hole between chief govt officers and common American employees is approaching Feudal ranges of disparity within the U.S. 

George Lang

OPINION by George Lang

In response to Forbes’ record, the richest man on the earth, Amazon CEO and founder Jeff Bezos is value 177 billion. That’s 16.8 occasions the Loves’ value, and contemplating the CEO to employee ratio was 320 to 1 in 2019, we’re a nation of “poors” regularly being requested to prop up the wealthy with our diminishing wages and ever-diminishing financial savings. 

We’re being exploited, and too many individuals can not think about their golden years with out seeing themselves in a blue vest saying “Welcome to Walmart” a whole bunch of occasions a day. 

By the way in which, the title “Walton” exhibits up so many occasions on the Forbes record, it virtually seems like bedtime on Walton’s Mountain, as a result of each Jim-Bob, John-Boy or Mary Ellen in that household is value metric shit-tons of cash — private value that largely got here from individuals with comparatively no cash, individuals who stay just about just like the Nineteen Seventies Walton household on TV.

Within the one year between January 1, 2020, and January 1, 2021, Bezos added $64 billion to his whole value. This was largely made on the backs of individuals whose employment was diminished or shaky through the COVID-19 pandemic and, in the event that they have been following the steerage of medical specialists, have been largely procuring at Bezos’ firm. 

And even amid all this outstanding unfairness, individuals of peculiar means are getting bamboozled by former President Donald Trump and the Republican Occasion that’s at present cosplaying as him. 

Final month, a number of information shops reported that Trump was nonetheless scraping his supporters’ financial institution accounts for funds. On Wednesday, MSNBC’s Chris Hayes reported that the Nationwide Republican Congressional Committee (NRCC) is emailing individuals with a by-product of the identical rip-off. 

They obtain an electronic mail with a field already checked: “We want your assist to DRAFT Trump for President! Examine this field if you’d like Trump to run once more. Uncheck this field if you happen to do NOT stand with Trump.”

One other message, formatted with the identical checked field, informs the hapless donor that their “Trump patriot standing” is “MISSING! As a prime grassroots supporter, we have been stunned to see you ABANDONED him. That is your LAST Probability to replace your standing to ACTIVE!”

In probably the most egregious model, the NRCC turns into downright threatening: “When you UNCHECK this field, we should inform Trump you’re a DEFECTOR & sided with the Dems.”

Whereas the presumably wealthy Trump was largely elected by different wealthy individuals who needed their wealthy president to make them richer, he additionally raked in a ton of marketing campaign funds from individuals on the opposite finish of the financial spectrum. They’re being ritually screwed out of their earnings by a person who’s unlikely to make it to 2024 with out accumulating a number of indictments. 

In response to the Forbes piece, Trump is value $2.4 billion, which is lower than Paycom’s Chad Robison is value by half a billion {dollars}. 

The large wealth disparity with our earlier president and his followers, Paycom’s CEO and his employees alongside the Kilpatrick Turnpike, and Bezos and each individual on the planet have turned America right into a financially untenable place the place service employees should not deemed worthy of a $15 minimal wage.

As Oklahomans and People, we have to cease studying this annual Forbes record with wide-eyed marvel and goals of Lotto success. We have to begin studying it like a horror story.


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Characteristic photograph credit score: By the Hush Hush company, www.hushhush.com.

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