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/biz/ - Business & Finance


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19273690 No.19273690 [Reply] [Original]

https://www.rt.com/business/489466-billionaires-wealth-growth-pandemic/

>Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period of coronavirus pandemic.

>A new report by Americans for Tax Fairness (ATF) and the Institute for Policy Studies showed their fortunes soared by $434 billion or 15 percent during the nation’s lockdown between mid-March and mid-May. The billionaires’ combined net worth rose from $2.948 trillion to $3.382 trillion.

>The top five US billionaires—Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison—saw their wealth grow by a total of $75.5 billion, or 19 percent. Together they captured 21 percent of the total wealth growth of all 600-plus billionaires in the last two months.

>> No.19273772

>Cuts hazard pay
>Passes out Thank You T-shirts

Heh nothing personnel, kid

>> No.19273800

It's pretty easy to STAY. THE. FUCK. HOME. when you own the entire planet

>> No.19273815

>>19273772
>cucks on /biz/ will defend this

>> No.19273983
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19273983

>>19273690
>ummmmmmmm is that a big number of something? lol i so failed math last semester! XD oh anon have you seen that new series on Netflix!?!?!

>#StayAtHomeSaveLives
>#WearAMask
>#ImANurse
>#FreeCaroleBaskins

>> No.19274965

>>19273690
they earned it because they went out and CREATED while everyone else sat around watching netflix 24 hours day, how else do you think they became biollionaires? They EARNED it through hard work

>> No.19275008

>government bans small businesses from operating
>Only major corporations are allowed to stay open
>Commies blame capitalism

Every single time

>> No.19275039

>>19275008
Progressive activists are the shock troops of the ruling class

>> No.19275048
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19275048

>>19273690
>>19273772
>>19273800
>>19273815
>>19273983
kys trannies

>> No.19275063

>>19274965
Nice bait

>> No.19275073

>>19274965
lol

>> No.19275091
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19275091

>2020
>cryptocommies still don't get pareto principle

>> No.19275415

>>19275008
this.

>> No.19275424

>>19273690
>buys their products
WHAT THE HECKERINOOOO THEY'RE TAKING OUR MONEY

>> No.19275507

>>19275008
This. What the fuck do you expect when Amazon is pretty much the only one allowed to do business and the stock markets are given trillions?

>> No.19275574

>>19275008
this is textbook capitalism

>> No.19276119

>>19275574
how so? What happened in the pandemic was closer to a commie dystopia

>> No.19276471
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19276471

>> No.19276525

>>19273690
This is good. neo-feudalist socialism will save us. the middle class are the real enemy of the people.

>> No.19276638
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19276638

>>19273690
>their fortunes soared by $434 billion or 15 percent during the nation’s lockdown between mid-March and mid-May.
What's it like to be stupid?

>> No.19276647
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19276647

>>19275574
>this is textbook capitalism, my jewish women's liberal art black history studies professor said so!

>> No.19276760

>>19276647
>i don't understand capital accumulation

Marx predicted that the natural corollary of entirely unregulated markets would be big corporations swallowing smaller ones in their quest for capital accumulation and satisfying shareholders, while the upper bourgeois state helps them by shafting any competitors

seriously i dont care about your stem degree bs chip on your shoulder. Learn to analyse texts and take what's good about them and leave the trash behind. Marx politically was wrong but his analysis of how capitalism would evolve is spot on.

>> No.19276762
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19276762

>>19276638
poor gorillionaires!

>> No.19276852

>>19276762
I really haven't made a position on rich people here, just that you're a fucking retard if you measured from the bottom of the dip to now and frame it as "their wealth skyrockets!" Equities have recovered. Wow, this is groundbreaking stuff guys no one else noticed. You are brilliant I wish people like you were running the economy.

>> No.19276899

>>19276760
>>19276647
When capitalists say capitalism, they talk from the perspective where the private ownership of capital is justice and where state action is anti-capitalistic
When communists say capitalism, they talk from the perspective where private ownership of capital is theft and does not constitute true ownership. for them, the framework of capitalism is the rise to power of a certain class, not an ethical theory. as such, the in-fighting of that class and the centralisation of power within the hands of a fewer number of them can be seen as a natural development of capitalism in a way that is entirely incomprehensible when capitalism is defined as a theory of justice
inversely, communists will always be unable to understand why those in favour of capitalism appear to be against state affiliation with big business on principle, since communists understand the state as necessary for the creation and propagation of the unjust rule of capital.
they're ultimately talking about different things and then getting angry when they disagree

>> No.19276902
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19276902

>>19273690
"It was so simple guys. All we had to do was label every single death as coronavirus, then take a few videos of sick people and put them on CNN, and the fucking peasants actually fell for it..."

>> No.19276909
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19276909

>> No.19277027

>>19276899
Checked and based

>> No.19277892

>>19276852
Keep sucking off Bezos and his bros and I'm sure it'll pay off someday!

>> No.19277972
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19277972

soon

>> No.19278159

>>19276899
>since communists understand the state as necessary for the creation and propagation of the unjust rule of capital.
the state ruled by bourgeois politicians guarentees bourgeois interests you bourgeois puppet

>> No.19278423

>>19273690
>takes money to make money while brainlets RRRREEEEEEEEEEE: the thread

>> No.19278510

>>19273690
hurry up with my shipment you rich bastard.

>> No.19278544

Keep licking those boots, wagies

>> No.19278646

>>19273690
>mid-March and mid-May
so they thought the bottom was a good thing to compare against?

>> No.19278662

>>19273690
this is not right

>> No.19278723

>>19275048
There's the cuck.

>> No.19278825

how the hell did cuckerberg make the list? how is facebook that profitable? who's using this shit?? Didn't Jesse Eisentstein's make him look like a bitch in that one movie?

>> No.19278914

>>19276760
>entirely unregulated markets
>unregulated
>in the US
t. has only read shitty marxist abstract propaganda and knows nothing about how business or markets in the US actually function.

>> No.19279172

Based billies. What I don't get is how billionaires in USA stay alive. So many angry people with guns over there. So many joggers. Just one little bullet to the head and you are gone.

>> No.19279207

>>19278825
if a service is free you are the product you stupid fucking brainlet