Yearly, Forbes compiles a list of the wealthiest people worldwide. Its recent list showed that 88% of billionaires got richer amid the COVID-19 pandemic. In all, they own a collective amount of $13.1 trillion, up from $8 trillion in 2019. However, severe poverty hit and surged during the pandemic for the first time in twenty years. This saddened Jane Chung, a Big Tech accountability advocate at the nonprofit “Public Citizen.” She got bothered and decided to share her thoughts on Twitter. In a now-viral Twitter thread, Chung took shots at the people featured in the list and the society that permits the rich to keep getting richer and the poor keeps getting poorer.
More Info: Twitter
Forbes' newest list showed that 88% of billionaires, including Jeff Bezos got richer amid the COVID-19 pandemic.
Daniel Oberhaus -Via
But then, Jane Chung shots at the people featured in the list and the society that permits the rich to keep getting richer and the poor being poorer.
Jane24477 -ViaIn an interview with Global Citizen, Chung said: “It’s difficult to imagine the wealth of that magnitude. I think putting it in terms of the real issues we’re facing in the world, most of them notably manmade and caused by capitalism shows how they can be totally eradicated and solved with not even all of the wealth of the people involved in Big Tech.”
Jane24477 -ViaChung added that after a certain point, another zero is just another zero and that the addition of more zeros doesn’t quite register in people’s heads. However, many people have been left stunned by Chung’s analysis. Reportedly, the most common reaction featured people admitting knowing individuals on Forbes list were rich but had never thought about how they could positively impact society or perhaps if they had tried or had the desire to.
Chung was remarkably inspired to write the tweets by “a feeling of anger and hopelessness,” especially at the deteriorating state of inequality - although the overall responses heartened her. She continued: “I think the responses I’ve gotten are inspiring a lot of hope in me. Whether they’re folks who have been organizing toward abolition and other causes for a long time, or folks who are just realizing that a few people hold all of this wealth in our society, I think a lot of people are fired up about this, and that’s exciting for me. I hope that we can channel it for the better.”
Jane24477 -ViaBefore the pandemic, Oxfam had reported that about 2153 billionaires owned more wealth than the poorest 4.6 billion people worldwide. According to the United Nations, this height of inequality vastly distorts economies by investing excessive powers in a small group's hands while exacerbating poverty conditions. Nonetheless, Chung believes this wealth can be utilized to build a better world for everyone in it. What do you think?
Here’s How People Reacted To Chung’s Thread