×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Financial Markets | Money | UN | UN General Assembly | Space Billionaires

'Billionaires Joyriding Into Space' Draw UN's Red Glare

Jeff Bezos
Jeff Bezos of Amazon. (AP)

Tuesday, 21 September 2021 02:15 PM

Houston, we have an "equity" problem.

When three billionaires rocketed into space this summer, they did more than escape Earth’s surly bonds. They helped spread “a malady of mistrust” plaguing an all-too hungry world, United Nations Secretary-General Antonio Guterres told other world leaders Tuesday.

In his opening speech to the General Assembly, a grim Guterres highlighted the gap between the rich and poor with “billionaires joyriding to space while millions go hungry on Earth.”

In July, billionaires Richard Branson and Jeff Bezos flew into space on private rockets that their companies built, gathering worldwide attention in their short trips that didn’t make it into orbit. Both bank on space tourism business from their fellow space fans with big wallets.

After returning to Earth, Branson, 71, sprayed G.H. Mumm champagne over his crew and then chugged it from the bottle.

Billionaire Jared Isaacman led the first all-private orbital mission that splashed down Saturday after three days in orbit. His flight was on a Dragon capsule and Space X rocket built by a fourth space-obsessed billionaire, Elon Musk. Unlike the other two missions, Isaacman’s ride raised more than $200 million for St. Jude Children’s Research Hospital including $100 million from Isaacman and $50 million from Musk.

Guterres lumped billionaire space hops with the maladies of hopelessness, corruption, curtailing of personal freedoms and “when parents see a future for their children that looks even bleaker than the struggles of today.”

After Branson and Bezos spaceflights and revelations that Bezos, the richest man in the world, didn’t pay any federal income tax in 2007 and 2011, critics called for taxing billionaires with some wanting to tax them out of the 10-digit income level. So far those proposals, unlike the billionaires, haven’t gotten off the ground.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


StreetTalk
Houston, we have an "equity" problem. When three billionaires rocketed into space this summer, they did more than escape Earth's surly bonds.
UN, UN General Assembly, Space Billionaires
291
2021-15-21
Tuesday, 21 September 2021 02:15 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved