Posted on 01/18/2022 3:16:22 AM PST by LouAvul
Data from Oxfam International’s “Inequality Kills” report shows the world’s wealthiest people more than doubled their fortunes during the pandemic. It also shows a new billionaire has been created every 26 hours since the pandemic started.
Oxfam is an organization that fights inequality to end poverty and injustice.
The report says during the first two years of the pandemic, the world’s 10 richest men deepened their pockets from $700 billion to $1.5 trillion. That’s a rate of $1.3 billion per day.
It also says billionaires’ wealth has risen more since COVID-19 began than it has in the last 14 years.
The National Desk’s Fact Check Team has not independently corroborated their numbers but their numbers are similar to other reports.
Bloomberg’s billionaire's index reports similar numbers, with the world’s wealthiest people collectively gaining $1 trillion last year.
Of the top 10 richest people in the world, all but one is in the United States and most are involved in the tech industry.
At the top is Elon Musk with a total net worth of $269 billion, Jeff Bezos with $187 billion, Bill Gates with $133 billion, Facebook’s Mark Zuckerberg with $124 billion and Warren Buffet with $117 billion.
The rich have done extremely well during the COVID-19 pandemic, but average Americans have struggled with rising prices for their everyday needs and worldwide, poverty has risen.
(Excerpt) Read more at ktul.com ...
Surprise! All the stupid, useful idiot democrat voters got what they voted for.
This of course is a problem for the covetous.
https://www.thenewsminute.com/article/oxfam-rocked-corruption-sex-abuse-allegations-76476
And 500+ people became billionaires during and from this China Wuhan COVID pandemic........must be nice.
What would make this article useful is if it indicated HOW they made so much.
E.g., if someone capitalized on the insanity of everyone, including governments, freaking out over a non-apocolyptic pandemic, by selling the software that allowed folks to work at home, that’d just be good business.
So, instead of preying on weak character by stoking envy, the article could inspire others by having them recognize that when you provide something useful, you are rewarded.
Dunno about the others.
Bezos - because everyone was at home ordering from the web
Zuckerberg - because when they weren’t ordering stuff, they were on fb
Gates - no good reason
Couldn’t have worked out better if they planned it.
Oh, wait....
Glad to see this thread got so little response.
honestly my net worth has skyrocketed during the pandemic also
What do you attribute that to, if you can say?
I don’t blame the companies when the government essentially killed small and medium sized businesses in 2019 and handed the entire market to large and mega businesses: Safeway, Kroger, Walmart, Costco for example.
I also have failed to notice all the people standing by fuel pumps dutifully sanitizing them after every use since 2019. I also somehow missed the same diligent people standing by ATM machines sanitizing the interface after every use.
This ENTIRE thing has been, and is still, an operation.
They did this also for all of 2020 and 2021 using the starting point of the stock market crash of March 2020. If they wanted to truly honest they would use January of 2020. But using the crash includes the “recouping” as “gain”...
Many have done well, not just Billionaires.. they just have more money.
The mutual funds I own have done insanely well in 2020 and 2021
I figure Texas Freeper2009 means the stock market. Most of my mutual funds went up between a low of 11% to high of 33% with most averaging 22-28%.
2020 had similar rates but not as high
I do not own individual stocks except for one bank stock which I inherited
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