Under lockdowns, the rich got richer and the poor got crushed
Just who were the winners from lockdown nation? Let’s start with the corporate titans: Walmart, Google, Amazon, Walgreens, Apple, McDonald’s, Pfizer, Goldman Sachs, etc. They were rewarded with the designation of “essential” by the politicians. Their doors stayed open. They raked in dollars by the millions.
You don’t have to take my word for it. Here is a headline from MarketWatch earlier this month: “Big Tech’s pandemic year produces mind-boggling financial results.”
We learn that big businesses scored a “$1.4 trillion payday” during the pandemic. Amazon, Apple, Facebook, Google and Microsoft increased their profits by 45% last year. “Wow, bring back more pandemics!” they must be shouting around the boardroom table.
Then there was this nugget from the front page of the New York Times: “Wealth inequality is the highest since World War II.” George Soros, Bill Gates and Warren Buffett won the lottery. – READ MORE
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