2020-08-20 11:15:05

Billionaires Continue To Hoard Wealth During Pandemic


Sonali Kolhatkar speaks with Chuck Collins about billionaires hoarding wealth during the pandemic.

As the coronavirus pandemic devastates the nation with more than 170,000 deaths so far and widespread economic collapse, Congress remains deadlocked on providing a lifeline to the tens of millions of unemployed Americans.

Now, a new report shows that the wealthiest Americans have not just remained immune to the crisis but have thrived during it. The richest 12 billionaires in the nation now have a combined wealth of $1 trillion.

According to the report’s author Chuck Collins, “This is simply too much economic and political power in the hands of twelve people. From the point of view of a democratic self-governing society, this represents an Oligarchic Dozen.”

Find out more at www.inequality.org and access the new report here.

Rising Up with Sonali is a radio and television show that brings progressive news coverage rooted in gender and racial justice to a wide audience. Rising Up With Sonali was built on the foundation of Sonali Kolhatkar's earlier show, Uprising, which became the longest-running drive-time radio show on KPFK in Los Angeles hosted by a woman. RUS airs on Free Speech TV every weekday.

Missed an episode?  Check out Rising Up on FSTV VOD anytime or visit the show page for the latest clips.

#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change. 

#FSTV is available on Dish, DirectTV, AppleTV, Roku, Sling and online at freespeech.org.

Billionaire Coronavirus Covid COVID-19 Free Speech TV Pandemic Rising Up with Sonali Sonali Kolhatkar Wealth Wealth Inequality

Economy

Rising Up With Sonali

The Fight for Economic Justice in Tech

The Fight for Economic Justice in Tech

The Stephanie Miller Show

Are the Next to be Indicted Witches?

Are the Next to be Indicted Witches?

Rising Up With Sonali

Ohio Derailment Sparks Renewed Calls to Nationalize Rail

Ohio Derailment Sparks Renewed Calls to Nationalize Rail

Democracy Now!

"Log Off": 1 in 3 U.S. Girls Weighs Suicide. Will Congress Restrict Big Tech?

"Log Off": 1 in 3 U.S. Girls Weighs Suicide. Will Congress Restrict Big Tech?

Related

Democracy Now!

Cop City: Judge Denies Bond to People Rounded Up in Mass Arrest for Opposing Police Training Camp

Cop City: Judge Denies Bond to People Rounded Up in Mass Arrest for Opposing Police Training Camp

Democracy Now!

The Candidate and the Spy: James Bamford on Israel's Secret Collusion with Trump to Win 2016 Race

The Candidate and the Spy: James Bamford on Israel's Secret Collusion with Trump to Win 2016 Race

Democracy Now!

Rep. Ro Khanna on Regulating Banks, TikTok, China, Ukraine & His Vote on the "Horrors of Socialism"

Rep. Ro Khanna on Regulating Banks, TikTok, China, Ukraine & His Vote on the "Horrors of Socialism"

Democracy Now!

"France Is Furious": Anger Grows at Macron for Raising Retirement Age as Millions Strike & Protest

"France Is Furious": Anger Grows at Macron for Raising Retirement Age as Millions Strike & Protest

Proud Partners