Talking Points: January 27, 2020

January 27, 2020

The richest 1% in the world are more than twice as wealthy as 6.9 billion people, or nearly 90% of the human population. The 22 wealthiest men in the world possess more wealth than all the women in Africa combined. Markets Insider, January 20, 2020

“The Davos Economic Forum: Where billionaires tell millionaires how the middle class feels.” Jamie Dimon

About half of the top-grossing concert tours in North America last year were led by artists who were 60 years old or older. The top three spots were held by artists in their 70’s: The Rolling Stones, Elton John, and Bob Seger. Others included Paul McCartney, Billy Joel, Cher, and Fleetwood Mac. The New York Times, January 7, 2020

In 2004, Microsoft convinced Puerto Rico to grant them a tax rate of 0%. Microsoft then sold their intellectual property to a subsidiary and routed their North American profits to them, rather than being in the U.S. where they would face a 35% tax. In 2006, Microsoft had stashed $1 billion offshore. By 2017, that had accumulated to $140 billion. Slate, April 17, 2015

Someone who saved $10,000 a day since the construction of the Egyptian pyramids would still be 80% less wealthy than the world’s five richest billionaires. ProPublica, January 22, 2020

Researchers from MIT analyzed 126,000 cascades of tweets, shared by 3 million people between 2006 and 2017 and found that, on Twitter, misinformation moved six times faster than the truth. VOX, March 19, 2018

“A lie can travel halfway around the world while the truth is putting on its shoes.” Mark Twain

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