How COVID-19 Has Helped The Super-Wealthy
According to reports, America’s wealthiest made more than $600 billion in the wake of the pandemic first breaking out.
While many small businesses had to close due to lock-downs, the super-rich have seen their wallets getting fatter.
Combined with their immense investing and purchasing power, billionaires have government resources and loopholes in the law to take advantage of.
And they have.
This is to not even mention the money that is not in the system. Approximately 10% of the world’s GDP is said to be stashed in offshore tax havens. A 2012 study pegged it at 32 trillion dollars. Some believe the world’s current super-rich people hold the greatest concentration of wealth since the US Gilded Age at the turn of the 20th century.
Is this going to set the stage for political anger and systemic upheaval globally?