Re: How billionaires are really affecting the economy.

2. American billionaires are 33% richer than they were at the start of the pandemic
In 2020, the US experienced the worst economic growth since World War II. Much of the country felt this burden, especially marginalized groups, but the top 1% did not struggle. Instead, they became significantly richer.

This is possible because, for decades, the system has been rigged in favor of the rich. Labor laws, CEO compensation, the privatization of public assets, and much more are skewed toward making the rich richer. This leaves little protection and support for the average person, putting them in a vulnerable position.

Yes. one of which is that the Covid-19 pandemic has caused a storm, in the form of a world economic recession. Although the rich also feel the same way, the poor, workers and women are the most vulnerable and most comfortable groups. The Covid-19 pandemic and this has become a marker, a turning point, exposing increasing economic tensions between groups.

The rich were still able to survive the pandemic crisis at that time, but if you look at India's death rate due to lockdowns and the government was unable to cope with finances to support economic needs, can you still say that rich people feel the same way? In fact, very rich people can survive in these conditions and can still experience optimal health services. In the post-pandemic economy, the rich can continue their lives because their financial stocks are still abundant, but the poor who have managed to survive only start over from zero.

In which current epidemic or a major economic crisis are the rich affected? No one is impressed because they set up their systems accordingly. We live in times when it is easiest to make money with money. If you are below a certain level, your job is very difficult, but after passing a certain level, you will see that things get easier. There is an attempt to eliminate the middle class in the economy. You will either be poor or rich. If you have convinced yourself that you are in the middle class, you are already poor and you cannot see it.

In any event, the self-preservation mechanism of the rich is directly proportional to their economic power. This is why, in the examples given, the wealthy are least affected by such situations.