Billionaire Wealth Hits $10 Trillion For First Time Ever Thanks To Government Stimulous

Coronavirus has boosted total billionaire wealth to its highest level ever. Since the pandemic begun, the total wealth held by billionaires around the world has grown by a quarter to over $10 trillion.

The landmark co-insides with another in the billionaire world, that of the world’s first ever $200 billionaire. Jeff Bezos’s net worth crossed the $200 mark in August, just when UBS and PwC were tallying up the data for its annual report on billionaires.

That report, released on Wednesday (7 October), shows that collective billionaire wealth has grown at its fastest rate over any period over the past decade.

Between April and July, billionaires grew their wealth by 27% from $8 trillion at the beginning of April. This was largely thanks to government stimulus packages.

“Billionaire wealth is loosely correlated with

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Free Yourself From Wealth, Religion and Politics

Early men were leading a nomadic like. They were hunters and food gatherers. They were as free and as happy as wild animals. Gradually they started agriculture and lived in settlements. When agricultural production increased, the concept of property and wealth came into existence.

With the accumulation of wealth, people became worried for the security of life and property. Because people of one settlement plundered the wealth of other settlements. So people started believing in two powers – one is supernatural power and other is human power. They believed that the source of supernatural power is God and the source of human power is King. Either all people believed in these two powers wholeheartedly or few people forced others to believe and keep faith in them. The later possibility appears to be true. For few people became wealthy and few people became religious leaders or rulers.

Few people who projected … Read More

The Economic system And Government, Wealth, And Unemployment

For some time now, the Federal Government has offered tax benefits as an incentive for employers to hire individuals with felony convictions. The legislative department with representative delegates of the sovereign voters derives its political and constitutional power to perform and act on the official duties of government as mandated by the constitution. Goldwin also chopped down the canned progressive canard, implied by Booker, that every one white People at the time fortunately conspired to disenfranchise individuals of coloration.

When it comes to dominance, Federal law all the time prevails over state regulation as a result of the U.S. Structure gives the federal government superiority over the state government. Politicians have distorted “selling the general welfare” to mean empowerment for the federal government to do nearly something so long as it is intended to assist any selected group or particular person.

Public Transportation initiatives particularly, assist individuals get to work … Read More