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#BernieSanders Lays Out Plan to Fight #Oligarchy as Wealth of Top #Billionaires Passes $10 Trillion

"If there was ever a moment when #progressives needed to communicate our vision to the people of our country, this is that time," wrote Sen. Bernie Sanders. "Despair is not an option."

Jake Johnson
Dec 31, 2024

"A Bloomberg analysis of billionaire wealth published Tuesday found that the combined fortunes of the 500 richest people on the planet surpassed $10 trillion this year, a finding that came shortly after U.S. Sen. Bernie Sanders issued an urgent call to action to prevent the emergence of 'an oligarchic and authoritarian society.'

"The new analysis notes that the world's top 500 billionaires 'got vastly richer' this year with the help of "an indomitable rally in U.S. technology stocks."

"Just eight billionaires—#ElonMusk, #MarkZuckerberg, #JensenHuang, #LarryEllison, #JeffBezos, #MichaelDell, #LarryPage, and #SergeyBrin—added more than $600 billion to their collective wealth in 2024 and accounted for 43% of the $1.5 trillion increase in net worth among the world's 500 richest people, according to Bloomberg.

"'But it was Musk—the so-called 'first buddy' of President-elect Donald Trump after unprecedented support for his reelection campaign—who dominated the world's wealthiest in 2024,' Bloomberg observed, adding that Trump himself also saw his fortune surge to a record high this year, 'boosted by the performance of his majority stake in Trump Media & Technology Group Corp.'

"Musk's use of his enormous fortune to influence the U.S. political system—including via his purchase of one of the world's largest social media platforms and donations to Trump's 2024 campaign—amplified existing concerns about the corrosive impact of massive wealth concentration on democracy.

"And #WealthInequality in the U.S. could soon get worse, with Trump and the incoming Republican-controlled Congress set to pursue another round of tax cuts for the #UltraRich and large #corporations."

Read more:
commondreams.org/news/bernie-s

Common Dreams · Sanders Lays Out Plan to Fight Oligarchy as Wealth of Top Billionaires Passes $10 Trillion | Common Dreams"If there was ever a moment when progressives needed to communicate our vision to the people of our country, this is that time," wrote Sen. Bernie Sanders. "Despair is not an option."

These motherfuckers are well and truly cooked. Imagine thinking "backing up humanity" on Mars more important than curing cancer, making sure everyone has clean drinking water and access to healthcare. Seriously. What is wrong with these assholes? Does money just poison your brain? Is that it?

#elonmusk #larrypage #marsmotherfuckers #brainworms

finance.yahoo.com/news/larry-p

Yahoo Finance · Larry Page, Google Co-Founder, Said He'd Leave His Fortune To Elon Musk Over Charity Because Of His Plans 'To Go To Mars To Back Up Humanity'By Jeannine Mancini

Amid accelerating #AI development, experts like #LarryPage view it as evolution, while critics like #YoshuaBengio call for criminalizing AI that could overpower humanity. Meanwhile, pioneers like #GeoffreyHinton and #SamAltman warn of existential risks, advocating global prioritization of AI safety alongside pandemics and nuclear threats.

jacobin.com/2024/01/can-humani

jacobin.comCan Humanity Survive AI?With the development of artificial intelligence racing forward at warp speed, some of the richest men in the world may be deciding the fate of humanity right now.

The world’s most popular search engine started as a research project by #LarryPage and #SergeyBrin when they were both doctoral students at #StanfordUniversity in the late 1990s.

Working from their dorm rooms, the two developed a new algorithm for #SearchEngines that ranked #websites based on the number of other websites that linked to them, which they called #PageRank.

#Google turns 25: A look at the world’s top performing searches | Technology News | Al Jazeera
aljazeera.com/news/2023/9/4/go