Against inequality: the practical and ethical case for abolishing the superrich

"Elon Musk, the CEO of Tesla and the richest person in the world, currently possesses $270 billion dollars. An average American worker would have to work for seven-and-a-half million years to earn this much. To put the matter the other way round, the total amount of money that a typical America...

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Bibliographic Details
Main Author: Malleson, Tom (Author)
Format: Electronic eBook
Language:English
Published: New York Oxford University Press [2023]
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Online Access:UBR01
UBT01
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Summary:"Elon Musk, the CEO of Tesla and the richest person in the world, currently possesses $270 billion dollars. An average American worker would have to work for seven-and-a-half million years to earn this much. To put the matter the other way round, the total amount of money that a typical American will earn in their whole life - after, say, forty years of work - is the same as would be earned by Musk in just fourteen minutes. During the first six months of the COVID-19 pandemic, 250,000 Americans died and 20 million lost their jobs in the worst economic crisis since the Great Depression, yet the country's 614 billionaires saw their wealth actually increase by a third, from $2.95 trillion to almost $4 trillion (Manjoo, 2020). Across the world, the richest eight individuals possess the same amount of wealth as half the entire planet - three and a half billion people (Oxfam, 2017). Never across the entire expanse of human history has such a level of inequality been seen before"--
Physical Description:1 Online-Ressource (x, 335 Seiten)
ISBN:9780197670439
DOI:10.1093/oso/9780197670392.001.0001

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