04-25-2020, 04:30 PM
On 7 April, the Forbes story that lots of billionaires lost lots of money from the coronavirus “pandemic”was widely (re)published by our wonderful media? It looks like Forbes intentionally selected 18 March as the best date to push this propaganda.
Chuck Collins commented:
In the same month that 22 million Americans lost their jobs (with US employment rate coming close to 15%), American billionaires added about $282 billion (10%) to their net worth, from 18 March to 10 April. They now together own $3.229 trillion.
The combined wealth of these billionaires is higher than it was in 2019...
Since 1980, the taxes paid by billionaires, as a percentage of their wealth, dropped 79%: https://www.fastcompany.com/90494347/ame...9-pandemic
(http://web.archive.org/web/2020042312053...9-pandemic)
Between 1 January 2020 and 10 April 2020, 34 of the nation’s wealthiest 170 American billionaires have seen their wealth increase by tens of millions of dollars.
Eight of these billionaires grew richer by more than $1 billion: Jeff Bezos (Amazon), MacKenzie Bezos (Amazon), Eric Yuan (Zoom), Steve Ballmer (Microsoft), John Albert Sobrato (Silicon Valley real estate), Elon Musk (Tesla and SpaceX), Joshua Harris (Apollo Global Management), and Rocco Commisso (Mediacom).
Jeff Bezos’ worth supposedly dropped to a “mere” $105 billion by 12 March.
But by 15 April, his net worth is $25 billion more than it was on 1 January 2020.
Eric Yuan added $2.58 billion to his wealth: https://inequality.org/great-divide/bill...anza-2020/
(http://archive.is/eVDTp)
Some “poor” Americans have complained about still not receiving their stimulus check...
One reason mentioned is that the IRS used a wrong account number to transfer the money to. It were mostly poor Americans that didn’t receive their stimulus.
The IRS claimed to send $292 billion in CARES Act money to 171 million Americans, but the first payments last week was sent to only 80 million Americans.
For the other 81 million, the IRS plans to mail paper checks with president Donald’s name.
For more than 20 million Americans of the 80 million people that the IRS supposedly made a “direct deposit” to this is a misnomer. These Americans don’t pay their tax preparation fees upfront, but have the fee taken out of their refund.
To pay these 20 million their stimulus check, a temporary account is created at a waystation bank, to credit their money. Many of these waystation banks sent the checks back to the IRS, because they received them by “mistake”. Some of these banks will take fees before they send the money back to the IRS (that couldn’t be a motive could it?): https://www.propublica.org/article/milli...y-are-poor
(http://archive.is/N41UX)
Chuck Collins commented:
Quote:We started to immediately look at it and realize, even three weeks later, the story was changing quickly. Their story was, ‘Hey, the pandemic is really affecting even the billionaires; their wealth is down from last year globally and in terms of the U.S.’ What we found was, wait three weeks and they’ve now surpassed last year’s collective wealth and now they’re surging to new heights.
In the same month that 22 million Americans lost their jobs (with US employment rate coming close to 15%), American billionaires added about $282 billion (10%) to their net worth, from 18 March to 10 April. They now together own $3.229 trillion.
The combined wealth of these billionaires is higher than it was in 2019...
Since 1980, the taxes paid by billionaires, as a percentage of their wealth, dropped 79%: https://www.fastcompany.com/90494347/ame...9-pandemic
(http://web.archive.org/web/2020042312053...9-pandemic)
Between 1 January 2020 and 10 April 2020, 34 of the nation’s wealthiest 170 American billionaires have seen their wealth increase by tens of millions of dollars.
Eight of these billionaires grew richer by more than $1 billion: Jeff Bezos (Amazon), MacKenzie Bezos (Amazon), Eric Yuan (Zoom), Steve Ballmer (Microsoft), John Albert Sobrato (Silicon Valley real estate), Elon Musk (Tesla and SpaceX), Joshua Harris (Apollo Global Management), and Rocco Commisso (Mediacom).
Jeff Bezos’ worth supposedly dropped to a “mere” $105 billion by 12 March.
But by 15 April, his net worth is $25 billion more than it was on 1 January 2020.
Eric Yuan added $2.58 billion to his wealth: https://inequality.org/great-divide/bill...anza-2020/
(http://archive.is/eVDTp)
Some “poor” Americans have complained about still not receiving their stimulus check...
One reason mentioned is that the IRS used a wrong account number to transfer the money to. It were mostly poor Americans that didn’t receive their stimulus.
The IRS claimed to send $292 billion in CARES Act money to 171 million Americans, but the first payments last week was sent to only 80 million Americans.
For the other 81 million, the IRS plans to mail paper checks with president Donald’s name.
For more than 20 million Americans of the 80 million people that the IRS supposedly made a “direct deposit” to this is a misnomer. These Americans don’t pay their tax preparation fees upfront, but have the fee taken out of their refund.
To pay these 20 million their stimulus check, a temporary account is created at a waystation bank, to credit their money. Many of these waystation banks sent the checks back to the IRS, because they received them by “mistake”. Some of these banks will take fees before they send the money back to the IRS (that couldn’t be a motive could it?): https://www.propublica.org/article/milli...y-are-poor
(http://archive.is/N41UX)
The Order of the Garter rules the world: https://www.lawfulpath.com/forum/viewtop...5549#p5549