by B. R. GOWANI
in 1965, a CEO in the US earned 21 times more than the worker
in 2020, a CEO in the US earned 351 times more than the worker
if the US was truly democratic, “21 times” would have decreased
the 25 richest billionaires in the US paid taxes at the rate of 3.5% only
not much different are rest of the billionaires in other countries
extreme wealth disparity among humans leads to a death every 4 seconds
IMF (International Monetary Fund) adds more misery to poor countries
Oxfam International interim Executive Director, Amitabh Behar noted:
“… the IMF was four times more effective in getting governments to cut their budgets than it is in guaranteeing minimum social investments.”
the budget cutting affects programs benefiting poor people and women
that is always the case ….
B. R. Gowani can be reached at brgowani@hotmail.com