It looks like Bill Gates isn’t just relying on the potential of sun-dimming technology to save humans from a climate change fate he says awaits unless something is done, because the Microsoft co-founder is already warning the masses that they’ll be required to make some sacrifices. Gates made the comments in a “60 Minutes” segment with Anderson Cooper.
Tag: billionaires
The ruling class…
U.S. Billionaire Wealth Rises 40%, Up $1.1 Trillion, Since March 2020
As we have continued to document, Central Bank “responses” to the Covid pandemic have done little for lower and middle class Americans and continue to disproportionately enrich the already wealthy.
Further evidence of how the Fed’s flawed policies work, in action, came from the Institute for Policy studies and Americans For Tax Fairness, who yesterday issued a press release noting that 10 months into the Covid crisis, America’s billionaires have seen their wealth rise 40%, or $1.1 trillion.
Using March 18th as a starting point for the pandemic, the release offers up similar stunning numbers to those that we have been covering since 2020.
“Not much has changed for America’s billionaires in the midst of the crisis—except the further swelling of their bank balances,” the release says. “The combined fortune of the nation’s 660 billionaires as of Monday, January 18, 2021 was $4.1 trillion, up 38.6% from their collective net worth of just under $3 trillion on March 18, 2020, the rough start of the pandemic.”
“At $4.1 trillion, the total wealth of America’s 660 billionaires is two-thirds higher than the $2.4 trillion in total wealth held by the bottom half of the population, 165 million Americans,” the release notes.
The Top ‘Owners’ Of America’s President-Elect Joe Biden
Top Contributors, federal election data for Joe Biden, 2020 cycle
totals include subsidiaries and affiliates.
- Bloomberg LP [Michael Bloomberg] $56,796,137
- Future Forward USA [largely Dustin Moskowitz] $29,917,229
- Priorities USA/Priorities USA Action [Hillary backers] $25,841,199
- Asana [Moskowitz & Rosenstein] $21,937,902
- Sixteen Thirty Fund [dark money] $19,874,655
- Democracy PAC [George Soros] $19,000,000
- Senate Majority PAC [Democratic billionaires] $12,371,874
- American Bridge 21st Century [largely Soros] $10,260,573
- Paloma Partners [Donald Sussman] $9,016,248
- Euclidean Capital [James Simons] $7,006,805
Ten of the world’s richest people increase wealth by more than $450 billion during coronavirus pandemic
Ten of the richest people in the world have increased their vast wealth by more than $400bn during the coronavirus pandemic, new figures show.
The extra wealth accumulated by the 10 men – around $450bn – since the coronavirus pandemic began, has come as a result of social restrictions as people were trapped at home, and governments turned their attention towards more environmental power supplies.
As the public have been forced to order Christmas presents online after non-essential retailers closed for months, Jeff Bezos, the founder and chief executive of Amazon, has watched his wealth rocket by $70bn since March, according to the Guardian.
He is now worth a reported $185bn as hundreds of millions of people stuck at home turned to the online delivery giant to keep themselves fed and entertained.
Other members of the super-rich elite who have seen huge financial benefits during the crisis include: Elon Musk, the founder of Tesla; Bernard Arnault, the French billionaire who owns most of luxury brand portfolio LVMH; Facebook’s Mark Zuckerberg; and Google’s Larry Page.
Hey, rube…
ELECTION 2020: Establishment Dems Can’t Say ‘No’ to Billionaires
In real life, billionaires don’t bring any exceptional brilliance into the political process. They bring their billions. They bring outsized stashes of cash that can distort election outcomes and safeguard their fortunes. Witness the $200 million our tech giants spent this fall on a ballot initiative to kill protections for gig workers.
And these dollars, even worse, drop a suffocating ideological wet blanket over the campaigns that Democratic Party candidates run. In this fall’s presidential contest, for instance, Joe Biden and Kamala Harris were formally running on a platform many analysts considered “the most progressive document to come out of a major national party in U.S. history.” The ideas in that platform — everything from a $15 minimum wage and ending tax breaks for capital gains to making public colleges and universities “tuition-free” for most students — had come out of joint task forces that brought together the party’s left and moderate wings.
But the campaigns up and down the ticket essentially ran away from anything that might overly discomfort the nation’s most comfortable — and let Donald Trump and his pals pose as champions of average people against America’s overbearing elites. Trump came unnervingly close to winning. Many of his endangered pals did win.
Various national pundits are now savaging Republican movers and shakers for indulging Donald Trump, post-election, at his every narcissistic turn. But Democratic Party insiders remain largely free to indulge their super-rich benefactors. That has to change.
Funny how that works…
Why Did Leon Black Pay Jeffrey Epstein $50 Million?
Billionaire Leon Black gave his longtime pal Jeffrey Epstein $50 million dollars after the deceased financier got out of prison for pedophilia.
The transfer of funds was made in at least two payments, one of which Deutsche Bank flagged as unusual, according to the New York Times, citing ‘two people familiar with the matter.’
Epstein served as a director on the Leon Black Family Foundation for over a decade, and also accepted a $10 million donation for his Gratitude America foundation from Black’s “BV70 LLC” charity.
As World Plunges Into Poverty, Super Rich Top Unprecedented $10 Trillion Net Worth Thanks to COVID-19
Make no mistake, the government’s reaction to COVID-19 — shutting down business, forcing people to state home, all the while granting monopolies to massive chains like Amazon, Walmart, etc. — has decimated the middle class and pushed the already-struggling poor that much deeper into despair. But you won’t see the owners of those monopolies complaining as they have seen their wealth soar to unprecedented highs.
As the rest of the country struggles to pay their mortgages, has their businesses shut down, and descends into poverty, COVID-19 for the super rich has been a record setting windfall. Four of the most controversial billionaires on the planet, have seen their wealth increase by over a combined $100 billion in just the last 10 months.
Since the COVID-19 lockdowns began, Jeff Bezzos has seen his net worth shoot up by nearly $70 billion. Bill Gates, who has been embroiled in controversy and has somehow become the mainstream media’s go-to “expert” on COVID-19, has seen his net worth increase by nearly $10 billion. As his platform censors any information that challenges the establishment’s narrative on COVID-19, Mark Zuckerberg’s net worth increased by $20 billion. And, as his platform also censors information like Facebook, Larry page has seen his profits from Google add $5 billion to his net worth.
Hellbound and Down 
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