They didn’t get to be billionaires by not knowing how/when to invest.
This is probably a very unpopular opinion around here, but this is why we absolutely need a wealth tax instead of an income tax!
billionaires are more able to ride out a self inflicted national depression based on craptacular computer models and hardly-unbiased “medical experts”
“For the year, Buffett’s wealth has declined by $20 billion, according to the Bloomberg Billionaire’s Index, while Gates is down by $4.3 billion. For the year, Jeff Bezos has gained $35.5 billion while Zuckerberg is up by $9 billion.
There were some losers during the two-month period, especially for billionaires in the travel, hospitality or retail business who have yet to see their stocks and companies recover. Ralph Lauren saw his wealth drop by $100 million to $5.6 billion, while hotelier John Pritzker saw his wealth drop by $34 million to $2.56 billion.”
Women and minorities suffer the worst.
All the business monopolize by Walmart, Target, Amazon,
Small business in hand cuffs
Because Fauci tells them what stocks to buy regarding vaccinnes and newly developed meds. Fauci wants you to take meds that cost thousands instead of Hydro which costs dollars.
Why did they pick mid-March for the starting date? Could it be that the market tanked in early March, hitting bottom in, gee, mid-March?
I must be rich because my 401K is up a ton since mid-March. Of course, it is down a ton if you use March first as the starting date.
TROLL DERP !
its some of my money, taken with the crashed stock market and I want it back...
Is this a GREAT COUNTRY or what!
Did they get rich without breaking any laws?
If so what is the problem? Nothing stops you from becoming a Billionaire except your lack of skills to achieve that success.
Those trillion dollar bailouts had to go somewhere. That is how it always works — the rich get richer.
Governent of the rich, by the rich, and for the rich.
We are blessed to live in a nation where the rich and powerful threw us a bigger bone than most of the serfs get, when the nation was founded. Since the middle class started with a much bigger part of the pie than nations with royalty or dictators, it has taken a long time to shink the middle class down to what it is now.
We never have had much influence in US politics or been the ones to share in the prosperity at a high level. Don’t get me wrong. We were blessed to have it so good for so long and we still do compared with most nations. It is just that peoploe often get the idea that it is a level playing field, and it never has been.
Exodus 20:17 King James Version (KJV) 17 Thou shalt not covet thy neighbour's house, thou shalt not covet thy neighbour's wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour's.
Envy is nothing more than wanting what you do not have. Leave your neighbor alone. "Thou shall not steal."
I used to defend the Billionaires. Now I am convinced that they are the problem. Free men need to rise up
Its a stupid headline
From Feb. to Mid-March, these same people lost $550+ billion. Mid-March was the bottom of the Dow Jones 30%+ decline. Now its back to last November prices. Of course owners of large companies will see an increase in their wealth as share prices rise.
Yeah, but Fauci’s income really tilts the total.
The question not being asked is how much would they have made if there was no Coronavirus?
Maybe the same, maybe even more.
No conspiracy, although the drivebys might want you to think so.
God bless them. I want to be a billionaire too. I do work for one indirectly so that is as far as I will get.
Btw folks, at 23:38 oil just took a hit again, to below 31. It had moved up to 34, bringing much of the market with it, but now is struggling to get back up.
Expect a hit on the market accordingly in the AM, especially oil-sensitive stocks. I think that LYFT is a worthless pig, but somebody keeps throwing money into it. The current bid of 30.52 x 800 is above the market close, and likely a lot higher than the open will be, if there are any shorts out there.