How Billionaires Got $637 Billion Richer During The Pandemic

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40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars. This isn’t the first time billionaires have seen gains while others dealt with loss, and it tends to tie back to two things. First, the government disproportionately gives more aid to banks and corporations. Then, when the stock market bounces back, the unequal bailouts mean that the wealthy still have money on hand to invest and thus profit, while the middle and lower classes do not. Wealth-friendly tax laws and loopholes then keep those billionaires at the top. Knowing all of this, some are advocating for policies to help level the playing field and create change.
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#Pandemic #Billionaire #BusinessInsider

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How Billionaires Got $637 Billion Richer During The Pandemic
Runtime: 08:56

Kommentarer

Luw
Luw - 8 timer siden
This just proves to me how much money is abundant in the world.
Why do billionaires keep making more and more of it?
Because there is more and more to make. It‘s an attitude
Goldn Messi
Goldn Messi - Dag siden
Wallstreet is ORCHESTRATED L00TING, Bankrupting perfectly good companies. Financial Media are Wallstreet Bank's mouthpieces, creating narratives SUNSHINE & DOOM GLOOM when exactly required, carpet-B@mbing all over. They make retailers little guys BUY HIGH and SELL LOW.. Most of the stocks are down for last 5 years, except the ones the super rich, banks have their money parked in FANGs like story, underneath everything, every stock has been drowning forever.
When Wllst Banks fails to force you to sell or hand over all the shares in a company back to them through SCARE, DOOM & GLOOM tactics, they plot Bankruptcy and take it all from mom & pop.. Then P0MP & D0MP again, then DOOM & GLOOM again.. Repeat, Rinse, and Wash, this cycle is played over and over again.. Judges, Financial Medias are all in it, or else this would not be possible for this long and ever.. Save your money, put it in real BUSINESS, REAL-ESTATE, save money for rainy days..
O and they have a profile on you if you have money, stock account, Brokerage account, they know what you comment, your psychology, what you own, credit score, your bank balance, so they can squeeze you, force you to sell with a huge loss, to mitigate margin loan requirement.. If you criticize JPM, Goldmansack etc, you are forever targeted, your every stock will be pulverized, you will suffer losses, no matter the size of you company of stock.. Through algorithm, they will corner your account, stocks so you never see profit, only suffer losses, and PAIN, PAIN, AND MORE PAIN.. Name of the game is "PAIN & MORE PAIN"..
Goldn Messi
Goldn Messi - Dag siden
Laws are twisted to help BILLIONAIRES, Wllst MANIPULATION OF PRICES as required by them, Financial media create narratives according to their needs, and then spread like carpet-B@MBING.. Having said that, rich, Billionaires in general work much much more harder than you and I can ever imagine or give them credit for.. More importantly, they don't stash their money under the mattress or under the ground, and they ultimately end up giving it to charity, be it during their lifetime or after death.. Their wealth are PAPER WEALTH, which means, it's invested to create buildings, infrastructures, companies & businesses that are productively creating economical activities and cycling the wealth to create value, MILLIONS of jobs, GDP GROWTH, taxes in other forms at different levels even if they don't pay it directly, but by chain reaction of down stream businesses.. I know plenty of poor people who waste large sum of their income in WEED, DR0GS, and other selfish s!ns, expensive items BMW Benz, Clubs, then complain they don't have money for rent, or struggling during recession, fail to pay mortgages etc.. I also know poor people who walk 5 miles to work at meager McDonald job, or wash cars for few dollars.. Bottom line, we society need both Rich & Poor, Middle class, and all.. Without Rich hunger for building value, there would not be modern developments, medical breakthroughs, technological advancements, all the developments, creating of jobs.. Credit to Poor, Middle class, without them there would not be workers, workers who keep businesses ticking, keep doors open, provide handy human resources to keep businesses alive, function.. Rich people don't take their wealth to their graves, it's invested in building businesses, growth, economical activities, which creates more jobs. Rich after certain point is only PAPER numbers, enjoyment of name fame prestige, but ultimate beneficiaries are societies in general, from their money working.. So, not much complaint here
Goldn Messi
Goldn Messi - Dag siden
@Business Insider... The same Financial Media B.Insider, Wallstreet Journal, Barrons, Yahoo Finance, CNBC TV, Bloomberg, all of them are mouthpieces of Wallstreet Banks. When Banks want a particular stock to go down or bankrupt, ie, TESLA in 2019, they misinform, mislead, distort numbers and spread SCARE TACTICS, D00M & GL00M, like carpet-B@MBING every where you turn.. Once they Banks Wllst scared public to sell, handover all TSLA shares, overnight TESLA is a SKYROCKETING story, UP 1500%, all this in less than 1 year 2019 to 2020, while TESLA all factories shutdown due to C0VID-19.. MANIPULATION OF PRICE?? TESLA skyrocketed even during their entire factories closed, Elon Musk broken laws, but forgiven with slap on the wrist, even though he disrespected SEC Gov (thats what SUPER PRIVILEGED is about). You don't hear the Musk lawsuits anymore, it's all hush hush shhhh, under the carpet.. If it was you and I non-privileged, we would be prosecuted to the fullest extent of the laws and more.. GL00M & D00M..vs..P0M & D0MP, Banks Wallstreet choose the time, when they want. It can be overnight like TESLA..
Nkemzy Wemzy
Nkemzy Wemzy - 4 dager siden
Eat. The. Rich.
grumpy old fart
grumpy old fart - 5 dager siden
How about a 50% wealth tax? Those bastards can afford it.
Aditya
Aditya - 7 dager siden
Technology is a unstoppable growth
the ice to jennies cream
the ice to jennies cream - 7 dager siden
tAx tHe rIcH
I don't want to be anybody
I don't want to be anybody - 8 dager siden
French revolution style the elite.
Aaron David
Aaron David - 8 dager siden
wow that stat at 7:17
K A
K A - 10 dager siden
This is not truth, amazon is not paying taxes because company had no profit for years. It was reinvesting. US should be grateful that companies like amazon, tesla, facebook and google are located here. What would happen if they would be located somewhere else? Economy would never be the same. However this is weird how Dick Chaney is still not under arrest. This is a guy who really f-ed up not only the US but the whole world.
Annieve Regalado
Annieve Regalado - 10 dager siden
God bless💕💕
Japhary Roman
Japhary Roman - 10 dager siden
America is a capitalist advocate, and yet it seems to be a victim of the same system, why spend billions of dollars in military and human resource in attempts to shutdown socialist republics?
Nathan McClellan
Nathan McClellan - 10 dager siden
Business Insider is a pinko rag.
Gazzaplayz
Gazzaplayz - 11 dager siden
Because the government say that Wells Fargo and corporations ‘small business’
Felix Richard
Felix Richard - 12 dager siden
Nice content, But permit me to say this because of the situations on ground now due to the Economic and (covid 19)pandemic cases in the world. I will suggests we look for another means of living and providing for ourselves, My job is relevant but depending on my salary all the time wasn't a good idea. investing in Binary options and Forex has a good and profitable status globally so i searched for an expert who will assist me in trading and generating a good and suitable profits weekly on my behalf while continue with my profession. i started up with an investment plan of ($6,700) which i get back profit of ($80,400) in just a week, Mr Ben Cesaro. has never failed and doesn't make mistakes. No disappointments whatsoever and his commissions are just perfect for his work done. He can be contacted via Whatsapp: (601)227-3847 or email address bencesaro61@gmail.com
Felix Richard
Felix Richard - 12 dager siden
Nice content, But permit me to say this because of the situations on ground now due to the Economic and (covid 19)pandemic cases in the world. I will suggests we look for another means of living and providing for ourselves, My job is relevant but depending on my salary all the time wasn't a good idea. investing in Binary options and Forex has a good and profitable status globally so i searched for an expert who will assist me in trading and generating a good and suitable profits weekly on my behalf while continue with my profession. i started up with an investment plan of ($6,700) which i get back profit of ($80,400) in just a week, Mr Ben Cesaro. has never failed and doesn't make mistakes. No disappointments whatsoever and his commissions are just perfect for his work done. He can be contacted via Whatsapp: (601)227-3847 or email address bencesaro61@gmail.com
Sanake's garbage
Sanake's garbage - 12 dager siden
wow, so if i am born into tons and tons of wealth and use my already established connections to lobby congress, cut wages from essential workers, and artificially drive up the price to the essential items all people need to survive, I can become rich too! so inspirational!
Rigo Borja
Rigo Borja - 12 dager siden
i over drafted today. just had to get that off my chest.
HighburyAFCSoul
HighburyAFCSoul - 13 dager siden
Only the Zoom CEO has a reason for profiting
TECHNOLOGY WE KNOW
TECHNOLOGY WE KNOW - 13 dager siden
Dam... this is crazy
Crabby Hayes
Crabby Hayes - 14 dager siden
So why do you think those with extreme wealth, like Jeff Bezos, are throwing their financial support behind Biden? Coincidenece?
Shamrock
Shamrock - 4 dager siden
@Crabby Hayes what financial support?
Crabby Hayes
Crabby Hayes - 12 dager siden
@John facts never lie
John
John - 12 dager siden
Lol do yo have proof no so stop spreading lies
Lucas Moore
Lucas Moore - 14 dager siden
I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate your transparency and giving people a fighting chance during these troubling times.
Karen Bullard
Karen Bullard - 14 dager siden
Trading bitcoin under Forex had been the most profitable trading so far for in less than an hour I made 0.9btc in a week of trading with the professional I made more than $ 19,000 Worth BTC
Wide In BTC
Wide In BTC - 14 dager siden
David Beltran It is possible to start an account with a smaller amount, such as $1000, but if doing so make a commitment to grow the account for at least a year before withdrawing any money. If you do this, and don’t risk more than 1% of your account on each trade, you can make about $50 per day to begin with, which over the course of a year will bring your account up to a few thousand dollars.
Scott Sophia
Scott Sophia - 14 dager siden
Lucas Moore Yeah yeah I can boast of expert Michael Fred because he helps me swing trading is when you hold positions for a couple days to a couple weeks. This style of forex trading is suited to people who don’t like looking at their charts constantly and/or who can only trade in their spare time.
David Beltran
David Beltran - 14 dager siden
Parker Scott duke So with a $5000 account you can start to create a decent stream of daily income. If you allow the account to grow to $10,000 you can make roughly $250 per day. These are just estimates of course; a better estimate of your personal income potential will come from practicing in a demo account, and monitoring your results before even risking a single real dollar.
Parker Scott duke
Parker Scott duke - 14 dager siden
King Kerry exactly that’s why Mr Michael Eugene can never advise you to go for an account less than $1000 because the other problem with forex trading with such a small amount of money is that it offers almost no flexibility in the style of trading you undertake. If you deposit $100, and follow proper risk management protocols, you can only risk 10 pips if you take a 1 micro lot position. This forces you to be an active day trader, whether you want to day trade or not. With a 10 pip stop loss you won’t be able to swing trade or invest, since the price can easily move 10 pips against you, resulting in a losing trade, if you try to hold out for long-term gains.
MR
MR - 16 dager siden
I'm just trying to find the conspiracy theorists
true.aquarian eyes
true.aquarian eyes - 16 dager siden
LCBO, uber eats and Amazon ....what else do sheeple need during a plandemic
jim richy Tchassem
jim richy Tchassem - 17 dager siden
just watched to see the comments
Saeric
Saeric - 18 dager siden
The message: government is the problem. once again.
Elodie David
Elodie David - 18 dager siden
interesting
Binh TC Nguyen
Binh TC Nguyen - 20 dager siden
THIS is what Americans should be protesting.
Kaiserland111
Kaiserland111 - 20 dager siden
This is how democracy dies.
Sudhir Suvarna
Sudhir Suvarna - 20 dager siden
Congratulations sheeps 👍👌👍
Stay indoors, wear masks, cover your nose, watch news, wait for a magic vaccine.
grumpy old fart
grumpy old fart - 5 dager siden
I just stay out on the lake fishing.
Maestrul Gamer
Maestrul Gamer - 20 dager siden
This is how capitalism is failing.
A few peoples get all the money while everyone else loses.
What are they even doing with so much money??
In capitalism corporations take all the money.
In communism the guvernment takes all the money.
This world needs a new system entirely!!
weedi
weedi - 21 dag siden
Am I misunderstanding something here. 349 billion allocated to small businesses as a paycheck programm. 243 million of that went to larger corporations. Thats only a very small percentage of the whole cake. Why is this portrayed as a big deal?
Angel Matos
Angel Matos - 21 dag siden
What a coincidence! Use of a pandemic as a wealth creating strategy. Who would have thunk!
Angel Matos
Angel Matos - 21 dag siden
What a coincidence! Use of a pandemic as a wealth creating strategy. Who would have thunk!
Angel Matos
Angel Matos - 21 dag siden
What a coincidence! Use of a pandemic as a wealth creating strategy. Who would have thunk!
IBM12345 Bhula
IBM12345 Bhula - 22 dager siden
On 1st of april 2050 i will be worth 1billion
carpejkdiem
carpejkdiem - 23 dager siden
Scamdemic plandemic money grab freedom stealing forced poison DNA curupting with RNA vaccine causing immune system to turn on everyone who takes it by manipulation in order to buy & sell 2 prong tracking every citizen on the face of the earth under the guise of less than a flu 5G MILITARY INSTALLATIONS MIND CONTROL KILL GRID depopulation agenda of the THEOSOPHICAL SOCIETY BACKBONED
● UNITED NATIONS INITIATIVE OLD BIBLICAL FIRST ATTEMPTED BY NIMROD NEW WORLD ORDER AGENDA
● GEORGIA GUIDSTONES #1) Decrease the human population (by 95%) down to 500 million
as they set the WORLD STAGE for the return of the NEPHILIM and their NEPHILIM KING/ANTICHRIST.
Luciferian FREEMASON ALBERT PIKES Pre-planned
● www.Threeworldwars.com
WELCOME to BIBLICAL PROPHECY and undeniable proof of the LIVING WORD/JESUS/YESHUA/PRINCE OF PEACE/WONDERFUL COUNCILOR who will return after the Antichrist shows on the scene & destroys the NWO brings false hope & peace, only to then turn on his followers (midway through his 7 yr reign) and unleash his own version of hell on earth mass depopulation
Then JESUS/YESHUA returns with his great vengeance with fire and his army this time (vs water/flood) to clean up all the evil minion and those who as in the pre-load have currupt DNA messing with GOD/YAHUAHS Creation with the false promise to live longer.
Repent while you have time and do not let them take over your freedoms & your life and currupt your CREATION and gain full control of your mind and manipulating and leading you away from a personal relationship with GOD/YAHUAH through His LIVING WORD/JESUS/YESHUA who is love - not this hate fueled NOVUS ORDO SECLORUM ONE WORLD GOVERNMENT ONE WORLD RELIGION TO LUCIFER OR BE KILLED AGENDA. You'll be killed off through soft kill as they've been doing for at least 50 - 70 yrs as each generations children have been systematically turned over time into a GODLESS SOCIETY
Luciferian FREEMASON ALICE A BAILEYS
● 50 YEAR 10 POINT PLAN
Shamrock
Shamrock - 4 dager siden
You need a hobby
Karen Marovich
Karen Marovich - 23 dager siden
Are you having problems Investing your money or you need a proper tutorial on how to invest your money and have a good profit or you need a trustworthy account manager.. if yes ,then I suggest you join the Garysroom team, To me I call him a life changer if not for his excellent service I wouldn’t have known how to cope during this pandemic time while I was thrown out of work all thanks to him anyway, You can contact him via GARYSROOM1022 on Instagram,he offered a good and legit service such as:
.PayPal money flipping
.CashApp money flipping
.Credit card top up
.Wire transfer
.Bitcoin mining
.Loan grant
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.Forex Trading
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His service to me has really helped things with me and my family,He’s reliable and 100% save💯💯✔️✔️
SweatySlob
SweatySlob - 24 dager siden
who do you think the bank will lend money? someone who made a furtune making milions, or even bilions in their companies, or people who worked at papa johns for 5 years and are now unemployed?
SweatySlob
SweatySlob - 24 dager siden
rephrase please, this is "how smart people keep making money" or "how a billion dollar company keeps making billions" or "why does a company make more money when they have more customers"
G G
G G - 25 dager siden
We have socialism in the USA it is only for the 1% Billionaires. The rest of Americans are forced to live under capitalism. The system is working exactly how it was supposed work-for the elite. Both political parties are corrupt and serve the ruling class.