50% of people making under $30k have lost income due to the virus 30% who make over $45k lost income Billionaire wealth is up 11% in 6 weeks The top 1% captured 95% of income gains after last recession. At this rate we'll be in for a repeat https://t.co/JSfFtlAGKg
@DanPriceSeattle @DeborahDitkows1 I own a small biz w/ abt $350,000 top line revenue per year. I was declined for PPP loan because I don’t have debt. At 65 yrs old, I’m too small & too conservative to qualify for funds intended to help small businesses. I’ve helped over 8000 customers in the last 2 yrs. Pissed.
@DanPriceSeattle @realmaxkeiser My wealth has increased in the high single digit percentages in that same time, because I spent the last decade studying what these wealthy people DO, and not what they SAY. So I saw this coming And I tried to teach the 50% and 30%'ers, but they called me a fool. YCLAHTWBYCMHD
@DanPriceSeattle And the reason is obvious, the super rich dont get their money as personal income, they own assets that generate returns. Unless that magically changes nothing will change in that regard. People who earn money from a job are vulnerable to economic shocks
@DanPriceSeattle To be fair, the billionaire wealth increase is just a part recovery from the lowest stock price in the last 3 years. They still lost money from the crisis. However, billionaires and millionaires don't struggle with rent payments and getting food. The lower and middle class do.