Billionaires, the richest among us mere peons, did very well during the COVID-19 pandemic. Even though it was considering a never-before-seen economic crisis for many Americans, AKA “the little people. However, in most cases, American citizens have lost their livelihoods, homes, apartment dwelling spaces and personal freedoms, and civil liberties, to boot. So many people are depressed and bored. Several have been suicidal if they have not offed themselves yet. Their children are very sad and listless. They are upset can’t go back to school. Moreover, they feel cut off from society. In fact, not to mention the elderly, who are isolating and sick, and terribly missing their families and loved ones.
A senior that wants to see a smiling face and feel the warmth of a hug is out of luck. Sorry, no can do. It’s a true and real American Tragedy. It’s a pandemic, cries the CDC and our “medical hero” Anthony Fauci – Time Magazine’s “Guardian of the Year”!!! Yet, the billionaires are the winners on the world-weary and hopeless backs of the rest of us slaves. Small independent businesses have taken massive financial hits as well. Many are now closing forever. Thanks, Mr. and Mrs. Wall Street and fat cats!
Billionaires and their “Exploding Money”
On Thursday, a financial think tank put out an analysis on the growth of billionaire wealth including Washington elites. Moroever, it’s a “doozy.” They found that while the ultra-rich, in fact, saw their fortunes rise. This is with steady increases over the past three decades, now their money really went through the roof during the pandemic.
Beyond Huge Numbers for Billionaires
The combined wealth of billionaires according to the Americans for Tax Fairness found in America it jumped from $2.95 trillion to $4.56 trillion from March 18, 2020, to April 12, 2021. In fact, that is a tremendous increase of $1.62 trillion, or 55 percent.
Perversely Accelerated Growth of Fortunes
This obscene, runaway growth of fortunes of people who are already incredibly rich came as more than 77 million “unsuspecting, maybe sheeple” Americans, in fact, lost their jobs. As well as the more than 30 million Americans became sick with COVID-19, the Washington, D.C.-based lobbying group said in a news release. For many people, COVID-19 is believed to be a severe flu and that is not a conspiracy theory, whatsoever. There is no reason for entire economic disruptions and schools closing. Life has come to a standstill deadly in so many for all people.
A week after the release of Forbes’ World’s Billionaires List, the report came out which, in fact, named 2.755 billionaires across the globe and saw 660 new names added to the list. Moreover, around 86 percent of those named on the Forbes list are richer today than they were before the pandemic.
Washington’s Jeff Bezos and Bill Gates
One can’t talk about the billionaire class without mentioning Washington’s Jeff Bezos, an internet entrepreneur, industrialist, media proprietor, and investor, and founder and CEO of the multinational technology company Amazon. His wealth has jumped exponentially from $113 billion in March 2020 to $196 billion, this month. Wow, that is a 74.1 percent increase. It’s an unbelieveable amount of money, and it makes him the richest man on Earth. Guess what? Amazon and other “big box companies” have stayed open during the “pandemic” while the vastly smaller businesses have been forced to close.
In fact, don’t worry! Other Washington billionaires aren’t far behind in the astronomical amount of money being made. Bill Gates, the business magnate, software developer, investor (COVID-19 vaccines??!! etc), author and philanthropist and founder of Microsoft Corporation, remains the third-richest American, raking in $32 billion in 13 months for a total $130 billion fortune. Microsoft’s Steve Ballmer, businessman, and investor, also increased his wealth 43 percent to 75 billion, according to the study.