Worlds 10 wealthiest see their wealth double during Covid pandemic.

From March 2020 through October 2021 the worlds 10 wealthiest saw their fortunes increase by $1.3 Billion per day so they collectively now amounted to $1.5 Trillion. During this same timeframe 99% of the worlds population saw their fortunes reduced. The full article can be read in The Guardian and is available today on Drudge Report.

 

Not surprising. Very wealthy people tend to recognize opportunities and take advantage of them before the rest of us. They are a bit like chess players who think several moves ahead rather than just the next move.

 

So what?

 

It is surprising and that's why it's news.

 

Time to dig around and find my “Eat the Rich” bumper stickers!

 

the rich are using the crisis to price gouge the working class sounds like

 

well, the poor are often stopped, like the poor that tried to buy toilet paper, knowing it would be worth more in the future

when the rich doing it, it's recognizing opportunities, when the poor do it, it's price gouging

 

It is news ONLY because there are tens of millions of leftists around that have an unhealthy, irrational obsession with what the "rich" possess.

Similarly, it is news when Kim Kardashian buys a diamond studded dog collar for her poodle ONLY because there are millions of people that care about such trivialities.

In both instances, the fact that it is "news" speaks far more about the people that care about it, then it does the actual substance of what these people are voraciously consuming.

 

Death pays. That is probably why there are so many rich death merchants.

“Shortly after the World Health Organization declared Covid-19 a global pandemic on March 11, 2020, markets collapsed and economies around the world plunged into recession.”

“One year later, things couldn’t be more different: a record 493 new billionaires joined the list this year, propelled by a red-hot stock market and unprecedented economic stimulus. Among those newcomers are at least 40 new entrants who draw their fortunes from companies involved in fighting Covid-19. Some, such as Moderna CEO Stéphane Bancel and BioNTech cofounder Uğur Şahin, have become household names thanks to the vaccines they helped develop. Others got rich making everything from personal protective equipment and diagnostic tests to antibody treatments and software that helps authorities schedule vaccination campaigns, which will be essential in reopening economies and returning to normal life.”
FORBES, Meet The 40 New Billionaires Who Got Rich Fighting Covid-19, By Giacomo Tognini, Forbes Staff, BILLIONAIRES 2021, Apr 6, 2021. (emphasis mine)
https://www.forbes.com/sites/giacom...o-got-rich-fighting-covid-19/?sh=2192c24d17e5

 

Well, money buys 'privileges' amongst many other things.. This will never change. You, however, make an excellent point.

 

Where is this taking place?

 

Gee, what a shocker. When you lock down small business and let the massive corporations stay open as globalist fascists did in American and in Western nations across the globe, this is the expected result. When you have BLM burn down small businesses across the nation, this is the expected result. When you take away people ability to pay rent and thus run thousands of small landowners out of business and turn their property over to Blackrock, this is the expected result. When globalists artificially tinker with the oil supply and supply lines, this is the expected result. When Biden and Co pour gasoline on inflation by pumping trillions into the economy, this is the expected result.

It is weird that we were telling you all about this throughout the pandemic (including links to the WEF where they talked about doing this) and then you are surprised when the expected result is reached. EVERY step taken by the elitist scum that you and other progressives voted for was meant to do this. There is a reason that working class has massively shifted to the Republican party in the past year. All the gains they made under Trump have been erased.

The people in power care about the welfare class, the bureaucrat class, the illegal alien class, the government union class, and the elite class. Every other class can go to hell. Hey those billionaires got two million new illegals to do cheap labor this year and will probably get another 3 million next year.

 

This doesn't impact me whatsoever rich people get rich if they make smart choices.

I've gotten more wealthy since the pandemic started as well not by that margin but I am wealthier now than I would have been if there was no pandemic who gives a f***

 

I might miss some, , but a sampling of my local industries and businesses that did above average rev or smashed rev records during pandemic are:
Grocery stores, house painters, roofers, plumbers, tree trimmers, siding, any industry having to do with home improvement, vocational schools, beauty schools, delivery drivers and delivery companies, travel trailer and RV dealers, builders and construction, liquor stores, Marijuana depots, doctors, ...

Industries and businesses that struggled were theaters and shows of all types, restaurants, fitness centers, entertainment centers ....and I'm sure there is more ...any place that had to close.

Ultimately the market was unstable which caused angst.

But personally I don't think 99% of the small business market struggled.

 

You don't believe that many of our small businesses were forced to close up shop due to lack of business???

 

A guest on NPR, yesterday, pointed out that a new Billionaire is coined every few hours (I can't remember the exact number), and a person,stricken by poverty because of the COVID Pandemic dies every 4 seconds because of that poverty.

 

I just love it when the left try wealth redistribution. They have such great ideas.

 

Folks like Pelosi..
https://www.dailymail.co.uk/news/ar...ocks-opposed-ban-lawmakers-buying-shares.html
https://www.bloomberg.com/news/arti...pelosi-s-husband-got-virus-loan-u-s-data-show
https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-husband-paul-big-tech-stocks/

Fauci and his wife Christine Grady.. calling someone a moron bit him in the backside
https://www.washingtonexaminer.com/...re-than-10-million-according-to-new-documents
https://www.newsweek.com/anthony-fauci-china-investments-revealed-wuhan-1670238

Anthony Fauci’s wife, Christine Grady is the Chief of Bioethics at the National Institute of Health Clinical Center...she is highly connected in the medical world herself and has quite cozy ties to the FDA..... And NOOOOOOO
Christine Grady Did NOT Personally Approve the Pfizer Vaccine?
As some claim on the internet......butttttt....Now we find out the truth the factcheckers try to hide from us...
The NIH does all the clinical research for the FDA and then the FDA just rubber-stamps it in the end.
The NIH and FDA are in a “Joint Leadership Charter” together and work close to one another...
From the NIH site
The NICHD and other institutes of the NIH help conduct and support the research but are not involved in the approval or labeling process.
https://www.nichd.nih.gov/health/topics/pharma/conditioninfo/approval
From the FDA site..
NIH supports and conducts biomedical and behavioral research and FDA ensures the safety and effectiveness of medical and other products.
https://www.fda.gov/science-researc...ence/fda-nih-joint-leadership-council-charter

But both Republicans and Democrats are making some pocket change...
https://www.businessinsider.com/law...9-related-stocks-during-pandemic-2021-12?op=1
https://www.businessinsider.com/con...herine-clark-a-democrat-from-massachusetts-11

 

Feeling knee-jerky today, are we? Just posted some data. Just the facts mam, only the facts.

 

Fact is, during every Democratic president and every Democratic Congress, wealth inequality increased.

 

As it has under Republicans. But the real ramp up in wealth transfer began with Regan.

 

LOL. Yes, blame Reagan for Democratic failures.

 

YAWN.......................so what? How did that stop you from earning wealth?

 

Not surprising if you have been following the news.

 

So all these wealth transfer schemes and money handouts didn't work?