Government covid-19 shutdowns and small business restrictions are the largest transfer of wealth from the poor to the rich in human history.
Jordan Schachtel, writing in The Dossier, says that “2020 could not have gone better for the country’s elites. The vast majority of Americans, on the other hand, have been forced into financial, physical, and emotional ruin. 2020 served as the year that government dictates — purposed with fighting a disease with a 99.8% recovery rate — manifested unprecedented wealth inequality, and created health issues far more dangerous than COVID-19. “
A stunning survey just released by Morning Consult has revealed part of the extent of the devastation caused by COVID-19 lockdowns and other wealth and health destroying restrictions.
Government employees did especially well in 2020. Few or none missed a paycheck, and many saw increases in income.
“Tragically, respondents earning under $50k have been absolutely hammered by destructive pandemic policies, reporting by far the largest income drop among their peers.”
The survey also shows that the less fortunate faced a variety of health consequences in 2020, registering a decline in both physical and mental health, in addition to a declining job security and overall personal life.
Meanwhile, the world’s billionaires have been swimming in cash. Several of the world’s richest men saw their net worths increase multiple times over in 2020. The COVID-19 policy response has created a windfall for these titans of American and global industries.