Profits of Doom: Globalist Elites Doubled Their Wealth During Coronavirus Pandemic

breitbart.com ^ | 1/17/2022 | Simon Kent

[rktman]

As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.

The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.

A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.

These are some of the main points from Oxfam’s latest report, Inequality Kills, which has been released as global business leaders meet virtually this week for the World Economic Forum (WEF) in Davos, Switzerland.

[rktman]

I had no idea that folks might profit from this CONvid-19 SHAMdemic. NOT! And...." meet virtually this week for the World Economic Forum (WEF) in Davos, Switzerland." Do they have to go to Davos to meet virtually? Writers today.

[proxy_user]

This is the inevitable outcome of the structure of our economy.

The poor and middle class spend nearly all the money they receive. The wealthy save a substantial portion of their income.

So when the government hands out large sums of money to the poor and middle class, they will spend it, and the rich will receive it as revenue from the businesses they own. They will invest the bulk of the money they receive.

So the more money the government hands out, the more money the wealthy will receive and save.