Tech Billionaire Mark Cuban Is Sad

Tech Billionaire Mark Cuban Is Sad

Mark Cuban is sad.

And the reason for this sadness can be found in something that may be coming back into fashion with the hardening economic slowdown looming.

It’s about philanthropy.

The Covid-19 pandemic has contributed to widening socio-economic inequalities. The gap between the haves and have-nots has grown enormously during the pandemic.

According to World Inequality Lab, the richest 10% of the world’s population owns 76% of the wealth. Global economic inequalities are as extreme today as they were at the height of Western imperialism in the early 20th century.

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