Kitchen Table Capitalism 101
The Recipe for a Community Economic Revival starts in the kitchen
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2020: The Year of the Mega-Billionaire
Back in November 2019, I wrote about what it takes to accumulate $1B
So, to put this in perspective, if you had received $1,356.97 every day since Year Zero you would have $1B today:
2019 years x 365 days = 736,935 days
736,935 days x $1,356.97 = ~$1B ($999,998,686.95)
Updating the numbers to October 2020, the 9 individuals noted above have accumulated an additional $278B as many Americans face into critical crises relating to food, shelter and their ability to survive.
Imagine if the people on this list tithed 10% of this capital to investing in the productive capacity of the communities & industries that have been devastated by the predatory capitalism system. That would put $27.8B back in play.
But, it’s not just about handing out money for short-term relief. It’s about investing in the productive capacity of these places & populations with historically diminished access to opportunities to build & keep wealth. The much touted basic income can seed the story, but what’s really needed is access to the tools to root, grow & sustain that wealth locally.
Here’s the good news: it doesn’t take $27.8 Billion to create a world that works for everybody, no exceptions
And, though it sounds like a pretty sweet deal, you don’t even need a friend like George Clooney to gift you with $1 Million.
