Millions of Americans have lost their jobs due to the Lockdown for coronavirus. In April this figure was already equal to 20 million, but certainly it had become even greater.
so while more and more Americans are living on subsidies and gimmicks, without yet a clear way out of the current situation, the hard core of the high-tech wealthy Americans has become even richer than before, especially considering the minimum prices of their societies.
This effect can be seen from this table:
Compared to the lows of March 18, the average wealth of web and social billionaires has grown by 19% on average, that is, in total, by 467.7 billion dollars. If we also consider the poorest billions, those out of the top, then the enrichment average drops to 14.7%.
Of course, if we did the calculation starting from December 2019 we would see a decline, but in a situation in which tens of millions of people do not even have a job it is not exactly an exciting thing and that makes you think of a fair society. This is also the effect of how the Fed's funds were used, which filled banks and investment funds with liquidity to support the market, that is, the actions of a handful of companies owned by these gentlemen. Aid went to the benefit of a few, indeed very few, already increasing enormous social differences.
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/usa-i-miliardari-han-guadagnato-434-miliardi-mentre-milioni-di-americani-hanno-perso-il-lavoro-viva-il-closedown/ on Fri, 29 May 2020 20:31:07 +0000.