Showing posts with label poverty. Show all posts
Showing posts with label poverty. Show all posts

Monday, September 15, 2025

‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay; The Guardian, September 15, 2025

, The Guardian ; ‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay


[Kip Currier: Kudos to Pope Leo for speaking to the issue of ever-widening income gaps between the super rich and everyone else, especially billions of fellow human beings who are economically impoverished and in dire need of basic survival necessities, like food, water, shelter, and healthcare.

With massive levels of human need and suffering in this world, to even consider compensating one of the world's very richest persons (the distinction of richest person on Earth recently went to Oracle's Larry Ellison on September 10, 2025 before Musk reclaimed the title) with a trillion-dollar pay package smacks of abject ethical bankruptcy.

The proposal is even more galling when one considers the past year's Trump 2.0 Musk-supported DOGE-slashing of U.S. governmental services that address food scarcity, healthcare needs, and countless programs that benefit and provide safety nets for vulnerable populations, like the elderly, disabled persons, and veterans.]


[Excerpt]

"Pope Leo said “we’re in big trouble” when it comes to the ever-widening pay gap between the rich and poor, citing Elon Musk, who may be on course to become the world’s first trillionaire.

Leo made the remarks while criticising executive pay packages during his first interview with the media.

Reflecting on why the world was so polarised, he said one significant factor was the “continuously wider gap between the income levels of the working class and the money that the wealthiest receive”.

“CEOs that 60 years ago might have been making four to six times more than what the workers are receiving … 600 times more [now],” the pontiff said in excerpts of the interview conducted by Elise Ann Allen, a senior correspondent with the Catholic newspaper Crux as part of a forthcoming biography.

“Yesterday [there was] the news that Elon Musk is going to be the first trillionaire in the world. What does that mean and what’s that about? If that is the only thing that has value any more, then we’re in big trouble.”

Earlier this month, the board of the electric car maker Tesla said it had proposed a new trillion-dollar pay package for Musk, its chief executive and largest shareholder, if he hit targets set by the company."

Thursday, July 20, 2017

How the Cleveland Clinic grows healthier while its neighbors stay sick; Politico, July 17, 2017

Dan Diamond, Politico; How the Cleveland Clinic grows healthier while its neighbors stay sick

"There’s an uneasy relationship between the Clinic — the second-biggest employer in Ohio and one of the greatest hospitals in the world — and the community around it. Yes, the hospital is the pride of Cleveland, and its leaders readily tout reports that the Clinic delivers billions of dollars in value to the state. It’s even “attracting companies that will come and grow up around us,” said Toby Cosgrove, the longtime CEO, pointing to IBM’s decision to lease a building on the edge of campus. “That will be great [for] jobs and economic infusion in this area.”

But it’s also a tax-exempt organization that, like many hospitals, fought to preserve its not-for-profit status in the years leading up to the Affordable Care Act. As a result, it doesn’t have to pay tens of millions of dollars in taxes, but it is supposed to fulfill a loosely defined commitment to reinvest in its community.

That community is poor, unhealthy and — in the words of one national neighborhood-ranking website — “barely livable.”"

Wednesday, January 27, 2016

Digital divide deepens between rich and poor - internet a family's lifeline?; Age, 1/21/16

Miki Perkins, Age; Digital divide deepens between rich and poor - internet a family's lifeline? :
"Travel anywhere in Australia and pretty much everyone has their head buried in a mobile phone.
When they return home, about 90 per cent of households in Australia have internet access.
Broadband is now a basic utility, just like water or electricity, but there are fears the rapid uptake of digital technology is leaving disadvantaged people in its wake.
"This is about having a basic adequate standard of living. If you're not able to get online on a regular basis you now live a completely different and excluded life," says Cassandra Goldie, the head of the Australian Council of Social Services.
The changing digital environment may exacerbate the experience of poverty and the trend towards greater inequality says ACOSS, in a new policy push on the "digital divide", released on Friday.
With government services increasingly online (and not always successfully - Centrelink clients recently missed out on payments because the service's website malfunctioned), people on low incomes have to use the internet frequently."