US Billionaires Have Gained $1 Trillion Since The Pandemic Started

[Ringo Stalin]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Well ... "gained". The money printing press, instead of the real sector, has increased the exchange capitalization of companies where they have large shares.

One of the manifestations of hyperinflation.

 

[Mr Person]

10/19-10/20: 1.2% inflation

CPI Home : U.S. Bureau of Labor Statistics

www.bls.gov

 

[HenryChinaski]

"Even through these challenging times and pandemic, we are pleased to report record profits across all business entities" my employer reports. And "unfortunately due to to these challenging times and pandemic, there will be no merit based raise increases this year" my employer said...

 

[Ringo Stalin]

Despite some big losses, top spenders won 88 percent of 2020 races

Top spenders were the victors more often than not this year in federal races. But not all deep-pocketed Democrats won their races.

www.opensecrets.org

"Since 2000, 88% of US congressional elections have been won by the candidates who spent the most money on their campaigns"
This is the end of the fairy tales about bourgeois democracy. Fat cats choose a circle of clowns-politicians who are put in the box. The plebs vote for those already selected

 

[Noodlegawd]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Well ... "gained". The money printing press, instead of the real sector, has increased the exchange capitalization of companies where they have large shares.

One of the manifestations of hyperinflation.

This is highly misleading. This article shows that they have gained that amount since the absolute low point of the stock market. I bet if you compared their current wealth to their wealth a month earlier, I bet it wouldn't be more than a 5% gain.