According to this report, rich people lost some of their "wealth" because of COVID-19:
https://www.zerohedge.com/personal-finance/worlds-richest-have-lost-almost-1-trillion-covid-19-wealth-wipeout
It should be obvious from such events that in the US "wealth" is just a Jedi mind trick, which works best when fools are willing to chase the pot of gold at the end of the rainbow.
Whatever happened to PRODUCTIVE investment intended to benefit the economy of We the People? It seems to have disappeared long ago.
I really hope COVID-19 persuades people to demand a revamp of our economy.
Here is additional discussion of this and related issues:
ReplyDeletehttps://kunstler.com/clusterfuck-nation/freaky-deaky/