Covid, The Rich Get Richer

 https://www.bbc.com/news/business-60015294

As the headline says, the wealth of the ten richest men on the globe doubled in the pandemic .... well, if you use a more reasonable estimate, maybe only 70%.

This is an old story... I wrote on this back in 2017 when the 8 richest had more wealth than the lower 50% of people on the planet and met in Davos every year. to discuss??? 

The cover story has always been that they meet there to discuss climate change, healthcare for all, and better wealth distribution. 

From the headline, one can see that either: 

1. If measured by results, wealth doesn't equal smarts. Things have gone the opposite direction of what these titans of wealth claim to be their objective. 
2. Davos and such things are just cover stories for the elite meeting on ways to amass even more wealth, 

You choose.

Even within the article, it is easy to see the true objectives of organizations like Oxfam: 

That should include more progressive tax regimes, which impose higher levies on capital and wealth, with the revenue spent on "quality universal healthcare and social protection for all" Mr Sriskandarajah said.

Oxfam is also calling for the intellectual property rights on Covid-19 vaccines to be waived to enable wider production and faster distribution.

Earlier this month the president of the World Bank, David Malpass, voiced his concerns over widening global inequality, arguing the impact of inflation and measures to tackle it were likely to cause more damage to poorer countries.

The elite have been pushing for "more progressive" tax regimes and "universal health" forever. 

In the last 30 years we have cut global poverty in half primarily through increased global trade and technical innovation. More of the wealth has been "distributed" (created) by those who DO THINGS ... like invent, increase efficiency, and allocate resources to the most productive uses.

"Universal health care" primarily benefits administrators .... which means more paperwork, less care,  and more wealth for insurance companies, lawyers, and government. 

Why can't you go see some local practitioner like you can a dentist or optometrist. 

Primary medicare and medicaid, along with the constant pressure of insurance companies to raise costs so their "cut" off the top is greater ... 6% of $1K is bigger than 6& of $500. Naturally it is nice of them to send you glossy brochures (that you are paying for) telling how they are fighting to reduce costs (and thus their profits). 

The main effect of "climate science" is to increase the cost of energy, thus hurting the lower income people, and moving more money to guys like Elon Musk who sells expensive cars with batteries that are more destructive to the environment than coal mining, and will wear out in "5 years" or so.