You can not select more than 25 topics Topics must start with a letter or number, can include dashes ('-') and can be up to 35 characters long.

2.6 KiB

title date tags categories year slug description
'Definitely progress' 2020-12-02T19:00:00 [COVID-19 Public policy] [December 2020] [2020] Definitely not progress While the Democrats 'back off demands' for an adequate COVID-19 aid bill, both the United States and Canada have a billionaire problem.

Cassidy, J. (2020, December 2). Canada's superrich are getting richer -- Even during the pandemic. Jacobin.

In 1999, for example, Canada’s twenty-three billionaires possessed a combined wealth of $72 billion. By 2018, their ranks had more than quadrupled to one hundred — their wealth totaling a whopping $339 billion, a nearly fivefold increase and more than that held by the poorest 12 million Canadians combined.

Day, M. (2020, November 24). US billionaires have increased their riches by $1 trillion during the pandemic. Jacobin.

Maybe the country’s wealthiest individuals deserved to rake in an additional trillion dollars over the course of the pandemic, goes a common line of thinking, because they rendered useful service to society in this difficult time. What this presumption of innocence neglects is that the business models of most of the companies owned and invested in by these elites are predicated on suppressing labor costs, avoiding taxes, dodging regulations, and otherwise weaseling out of the social contract.

Snell, K. (2020, December 2). Top Democrats back off demands for larger COVID-19 bill. National Public Radio.

GOP Sen. John Thune of South Dakota, asked about the top Democrats' shift on the issue, said it was "definitely progress [...] and I think hopefully it'll be helpful in us getting a deal done."

Taylor, A. (2020, December 2). Biden, top Democrats swing behind bipartisan virus aid bill. Associated Press.

The statement was a significant concession by Pelosi and Schumer, who played hardball this fall during failed preelection discussions with the administration on a costlier bill. They wanted a more generous unemployment benefit and far more for state and local government. Their embrace of the $908 billion measure was a retreat from a secret $1.3 trillion offer the two Democrats gave McConnell just on Monday.

See also: Incredible (September 2020)