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IcyPeas

(21,737 posts)
Mon May 23, 2022, 12:35 AM May 2022

A new billionaire has been minted nearly every day during the pandemic, recent analysis shows

Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. That means a new billionaire was minted about every 30 hours, on average, so far during the pandemic, CNN reported.
....
Billionaires in the food and agribusiness sector have seen their total wealth increase by $382 billion, or 45%, over the past two years, after adjusting for inflation. Some 62 food billionaires were created since 2020.

Meanwhile, the net worth of their peers in the oil, gas and coal sectors jumped by $53 billion, or 24%, since 2020, after adjusting for inflation.

Forty new pandemic billionaires were created in the pharmaceutical industry, which has been at the forefront of the battle against COVID-19 and the beneficiary of billions in public funding.

https://abc7.com/billionaire-ranks-how-many-billionaires-in-the-world/11883638/
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A new billionaire has been minted nearly every day during the pandemic, recent analysis shows (Original Post) IcyPeas May 2022 OP
Triple them for all I care. But TAX THEM accordingly. Hoyt May 2022 #1
I believe we're at 66 jimfields33 May 2022 #3
Correct, for short while. Then, we'd have nothing except unemployment of 30% or more. Hoyt May 2022 #6
How many since inflation hit? Frustratedlady May 2022 #2
I'm more interested in the 250 million people born who aren't billionaires, and never will be DFW May 2022 #4
Shows that they are gouging on food too Bettie May 2022 #5

jimfields33

(15,450 posts)
3. I believe we're at 66
Mon May 23, 2022, 08:23 AM
May 2022

We could take all their money and run new programs for awhile. I say let them have 30 million.

Frustratedlady

(16,254 posts)
2. How many since inflation hit?
Mon May 23, 2022, 01:18 AM
May 2022

You can't tell me that every single food item went up 25, 50 cents, $1 or more in grocery stores because of inflation. There have to be a lot of businesses seeing the opportunity to get their share of the game.

DFW

(54,047 posts)
4. I'm more interested in the 250 million people born who aren't billionaires, and never will be
Mon May 23, 2022, 08:30 AM
May 2022

I'm not going to obsess over 573 people out of 250,000,000.

Bettie

(15,995 posts)
5. Shows that they are gouging on food too
Mon May 23, 2022, 09:38 AM
May 2022

This, in particular points to that: Billionaires in the food and agribusiness sector have seen their total wealth increase by $382 billion, or 45%, over the past two years, after adjusting for inflation. Some 62 food billionaires were created since 2020.

We're in a phase where they are just jacking up prices on things we need (gas, food) to see when we stop buying those things. Then, they have their new price point, at the very maximum that we will pay.

Food and agriculture are owned by a very few companies with practically speaking, no competition. So, they can fix the price at whatever they want to.

The US needs to resume enforcement of antitrust laws.

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