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US billionaires increase net worth by 434 billion (Read 1499 times)
Richdude
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US billionaires increase net worth by 434 billion
May 28th, 2020 at 2:39am
 
While more than 36-million Americans are jobless following shutdowns allegedly to slow the spread of the coronavirus, the nation’s 600 billionaires increased their wealth by 15% from $2.9-trillion in March to now nearly $3.4-trillion.


Five billionaires, including Amazon CEO Jeff Bezos, Microsoft Co-Founder Bill Gates, Facebook CEO Mark Zuckerberg, Berkshire Hathaway CEO Warren Buffet, and Oracle CEO Larry Ellison, have increased their wealth by $75.5-billion since the nation’s coronavirus lockdowns began in March. While Bill Gates was spreading panic over the coronavirus and pushing for a 3-month lockdown, the Bill and Melinda Gates Foundation was buying up tech stock, such as Apple, Amazon, Google-parent Alphabet, and Twitter, all of which did a booming business during the lockdown.

These five billionaires’ growth in net wealth, alone, accounted for 21 percent of all the wealth growth over the last two months among the more than 600 billionaires in the U.S.


These five billionaires’ growth in net wealth, alone, accounted for 21 percent of all the wealth growth over the last two months among the more than 600 billionaires in the U.S.

Full article>

https://www.breitbart.com/politics/2020/05/25/billionaires-increase-net-worth-by-434b-during-coronavirus-lockdowns/





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The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly.”
 
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aquascoot
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Re: US billionaires increase net worth by 434 billion
Reply #1 - May 28th, 2020 at 6:37am
 
This is of course the pareto principle
To those who have more shall be given
From those who have a little even this will be taking away

It's a brutal principal
But it seems to be a universal law
Of  nearly every system
Natural or economic

What to do about it

That's 64 million dollar question
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Marla
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Re: US billionaires increase net worth by 434 billion
Reply #2 - May 28th, 2020 at 7:02am
 
Yay for capitalism
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I am a kid in the nuthouse. I am a kid in the psycho zone. Psycho Therapy I am going to burglarize your home.
 
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SadKangaroo
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Re: US billionaires increase net worth by 434 billion
Reply #3 - May 28th, 2020 at 7:10am
 
So rich people exploited the COVID-19 crisis to increase their wealth, let me guess, proof it was made in a lab and a conspiracy by the deep state to enrich themselves and attack poor little twump?

Or is it that the virus is nothing to worry about and a hoax by these people?

I wish those who "thought" like you Rich (I use that term generously) would just go out and get the virus, keep it to themselves and not spread it, and see how "little" they have to worry about...
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Richdude
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Re: US billionaires increase net worth by 434 billion
Reply #4 - May 28th, 2020 at 1:46pm
 
Marla wrote on May 28th, 2020 at 7:02am:
Yay for capitalism


Its not capitalism Dead End!

Its your dream - fascism!
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aquascoot
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Re: US billionaires increase net worth by 434 billion
Reply #5 - May 28th, 2020 at 6:11pm
 
Marla wrote on May 28th, 2020 at 7:02am:
Yay for capitalism



nothing to do with capitalism.

its just how systems work.

once you get an advantage, you go up exponentially
once you screw up, you go down exponentially
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Mortdooley
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Re: US billionaires increase net worth by 434 billion
Reply #6 - May 28th, 2020 at 10:25pm
 



Opportunity is all around you, crybabies! The smarter you work the luckier you get.


comment:
Steven Britton
1 year ago
Reading through some of the comments and replies, I see two groups of people: those who understand the principle of adding value to create wealth, and those who think the world owes them a living.
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The heart of the wise inclines to the right, but the heart of the fool to the left. ~Ecc. 10:2
 
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Mattyfisk
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Re: US billionaires increase net worth by 434 billion
Reply #7 - May 29th, 2020 at 12:03am
 
aquascoot wrote on May 28th, 2020 at 6:11pm:
Marla wrote on May 28th, 2020 at 7:02am:
Yay for capitalism



nothing to do with capitalism.

its just how systems work.

once you get an advantage, you go up exponentially
once you screw up, you go down exponentially


Rich says it's fascism, Aquascoot. Do you think he's read Paretto?

Actually, any chance you could post a bit? I'd love to read your source.
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Richdude
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Re: US billionaires increase net worth by 434 billion
Reply #8 - May 29th, 2020 at 2:58am
 
Mattyfisk wrote on May 29th, 2020 at 12:03am:
aquascoot wrote on May 28th, 2020 at 6:11pm:
Marla wrote on May 28th, 2020 at 7:02am:
Yay for capitalism



nothing to do with capitalism.

its just how systems work.

once you get an advantage, you go up exponentially
once you screw up, you go down exponentially


Rich says it's fascism, Aquascoot. Do you think he's read Paretto?

Actually, any chance you could post a bit? I'd love to read your source.


I chose my words carefully - do your homework.

Doesn't anyone else here find it strange that the SJW's never criticize these criminal billionaires?

Don't bite the hand that feeds you! Woof!
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Marla
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Re: US billionaires increase net worth by 434 billion
Reply #9 - May 29th, 2020 at 3:02am
 
Richdude wrote on May 28th, 2020 at 1:46pm:
Its your dream - fascism!



Yeah, it's not like Trump gave them a massive tax cut or anything. You clueless asshole.
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Richdude
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Re: US billionaires increase net worth by 434 billion
Reply #10 - May 29th, 2020 at 5:20am
 
Marla wrote on May 29th, 2020 at 3:02am:
Richdude wrote on May 28th, 2020 at 1:46pm:
Its your dream - fascism!



Yeah, it's not like Trump gave them a massive tax cut or anything. You clueless asshole.


Tax is not until 2021 - your alleged tax breaks are irrelevant.

Yep don't bite the hand that feeds you - troll!


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John Smith
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Re: US billionaires increase net worth by 434 billion
Reply #11 - May 29th, 2020 at 8:17am
 
Richdude wrote on May 29th, 2020 at 2:58am:
Doesn't anyone else here find it strange that the SJW's never criticize these criminal billionaires?



Apart from the OP which mentions several billionaires, both from the left and the right, no one has singled out anyone in particular ..

I don't know why you feel threatened, the article is obviously not about you
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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
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Marla
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Re: US billionaires increase net worth by 434 billion
Reply #12 - May 29th, 2020 at 9:26am
 
Richdude wrote on May 29th, 2020 at 5:20am:
Tax is not until 2021 - your alleged tax breaks are irrelevant.

Yep don't bite the hand that feeds you - troll!




LOL Wrong again, artard.
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Bobby.
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Re: US billionaires increase net worth by 434 billion
Reply #13 - May 29th, 2020 at 9:31am
 
Marla wrote on May 29th, 2020 at 3:02am:
Richdude wrote on May 28th, 2020 at 1:46pm:
Its your dream - fascism!



Yeah, it's not like Trump gave them a massive tax cut or anything. You clueless asshole.



This is an Australian forum -

it's not asshole it's arsehole.
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Richdude
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Re: US billionaires increase net worth by 434 billion
Reply #14 - May 29th, 2020 at 12:38pm
 
John Smith wrote on May 29th, 2020 at 8:17am:
Richdude wrote on May 29th, 2020 at 2:58am:
Doesn't anyone else here find it strange that the SJW's never criticize these criminal billionaires?



Apart from the OP which mentions several billionaires, both from the left and the right, no one has singled out anyone in particular ..

I don't know why you feel threatened, the article is obviously not about you


I'm not a billionaire John and never said I was.

Its just that you and your fellow left wing toe rags never criticize the very evil billionaire SOB's. You are supposed to be anti-capitalist - no?

Methinks you are FOS!

Why is that?
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