Tag: wealth inequality
With over 100,000 people displaced by wildfires raging across California, Baupost Group collected more than $3 billion in July after betting on insurance claims against embattled utility company PG&E.
“This is simply too much economic and political power in the hands of twelve people.”
“They’re just running wild.”
Now, with a quarter of the population facing economic collapse, the need for a guaranteed income is magnified to a level last seen in the Great Depression.
Fat cats play the system like hungry lions stalking prey. The progressive challenge is to educate more voters how our predatory system helps the rich get richer.