Wall Street, Washington, D.C., and Silicon Valley are swimming
in cash and prosperity. 2020 could not have gone better for the
country’s elites. The vast majority of Americans, on the other
hand, have been forced into financial, physical, and emotional
ruin. 2020 served as the year that government dictates — purposed
with fighting a disease with a 99.8% recovery rate — manifested
unprecedented wealth inequality, and created health issues far more
dangerous than COVID-19. The unintended consequences of “fighting
a virus” with the power of government are now on display for the
world to see.
A stunning survey just released by�Morning
Consult has revealed part of the extent of the devastation
caused by COVID-19 lockdowns and other wealth and health destroying
restrictions.
The remote work economy is functioning perfectly well for people
who have already established themselves with robust income streams.
For those still struggling to obtain the American dream – not so
much.
Americans who were already earning six figure salaries have
reported an increase in income for 2020, while those making between
$50k-$100k reported a drop in income. Tragically, respondents
earning under $50k have been absolutely hammered by destructive
pandemic policies, reporting by far the largest income drop among
their peers.
What the lockdowners’
#ZoomPrivilege looks like, in one chart. pic.twitter.com/7JRWN89G8y— Phil Magness (@PhilWMagness)
January 21, 2021
The survey also shows that the less fortunate faced a variety of
health consequences in 2020, registering a decline in both physical
and mental health, in addition to a declining job security and
overall personal life.
Meanwhile, the world’s billionaires have been swimming in
cash. Several of the world’s richest men saw their net worths
increase multiple times over in 2020. The COVID-19 policy response
has created a windfall for these titans of American and global
industries.
Source: Reddit
The tremendous wealth gap shows that the stock market is far
from a good indicator of overall prosperity in America. Only about
9% of Americans earn
six figure salaries. They are able to make their money work in
the stock market and invest it in other profitable avenues, while
those struggling need to keep their depreciating, zero-interest
savings on hand to pay bills and other expenses. While the Zoom and
Netflix “work-from-home until the scary virus disappears†crowd
continues to demand further restrictions in the name of “stopping
the spread,†over 9 in 10 Americans continue to suffer under the
weight of a destructive COVID-19 safety regime.
Republished from the author’s
blog and sourced from
AIER.org
Jordan Schachtel is an investigative journalist and foreign policy
analyst based in Washington, D.C.
Subscribe to Activist Post for truth, peace,
and freedom news. Send resources to the front lines of peace and
freedom HERE!
Follow us on Telegram,
SoMee,
HIVE, Flote, Minds, MeWe, Twitter, Gab and Ruqqus.
Provide, Protect and Profit from what’s coming!
Get a free issue of Counter
Markets today.
