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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]To the above poster: You realize the vast majority of people didn't die of Covid or even get very sick, didn't lose their jobs and saw their investments and home values go through the roof. So it actually ended up fine. [/quote] sure, except for the 1.5 million excess deaths and commercial real estate failure. and of course the recession was primarily averted by direct stimulus-- again the velocity of money.[/quote] Okay, the fact remains that many many people actually ended up financially ahead after Covid. The doomsday scenarios did not come to pass. [/quote] Man you are daft! Only the really rich ended up ahead, why do you think we got the inflation and Trump back in the office? Why do you think young people are not able to have the same life as their parent and average first time home buyer is almost 40? It is all because covid accelerated already wide wealth gap. Yes the rich did ok with the covid, bit peasants moved a giant step closer to being feudal vassals to our tech overlords. When economy grows 2-3% and the richest of the rich see their wealth double where do you think that difference comes from? It comes form you and me and other citizens because we fail to tax them properly. Data below has only gotten worse sin the last 4 years. According to Institute for Policy Studies analysis of Forbes data, the combined wealth of all U.S. billionaires increased by $2.071 trillion (70.3 percent) between March 18, 2020 and October 15, 2021, from approximately $2.947 trillion to $5.019 trillion. Of the more than 700 U.S. billionaires, the richest five (Jeff Bezos, Bill Gates, Mark Zuckerberg, Larry Page, and Elon Musk) saw an 123 percent increase in their combined wealth during this period, from $349 billion to $779 billion. We will be regularly updating [/quote]
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