capitalism

Out of context: Reply #475

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• utopian4

  Wealthiest Americans raking in billions from coronavirus pandemic

  

  As 30 million Americans have lost their jobs over the last six weeks amid the coronavirus pandemic, America’s billionaires are becoming even richer.

  According to a new report from the Institute for Policy Studies, a left-leaning think tank, over the past 6 weeks, American billionaires have seen their wealth increase by $406 billion — a boost of just under 14% to their net worth.

  https://finance.yahoo.com/news/w…

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  • I assume they're just saving up all the cash so they can re-introduce all that money back into society trickle down style.PhanLo
  • Trickle up economicsChimp
  • Pretty bad economics looking at Central gov funding
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  • Bad.. basic
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  • It's called inflation and the lowering of rates hurts proper investment while driving assets higher knowing fed can't let themower without political pain
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