Wealth disparity is no longer a partisan issue, and 2021 has proven just as to why.
It used to be that the only place you’d hear about the “billionaire class” was in stump speeches by doomed Democratic presidential candidate Bernie Sanders. In fact, much of Sanders’ entire political identity is wrapped up in the idea that income equality is the sort of thing that could tear this nation apart.
And while many on the right take issue with Bernie’s socialism-adjacent agenda, conservatives will also be some of the first folks to recognize and rail against the wealthiest among us – particularly when their prosperity comes at the expense of the rest of us.
As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, globalist financial elites “have had a terrific pandemic” according to a report released Monday.
The world’s 10 richest men have more than doubled their fortunes to $1.9 trillion, at a rate of $1.6 billion a day, over the past 12 months, proving elites have largely been spared the misery and financial ruin inflicted on so many by endless enforced lockdowns.
A confederation of charities that focus on alleviating global poverty, Oxfam said members of the globalist financial elites saw their wealth rose more during the pandemic more than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929.
This sort of unnecessary wealth has a law of diminishing returns attached to it, however, as the masses won’t stand for much more hardship while billionaires pour untold sums of money into their follies of transit tunnels and space flight.