return2ozmaA staggering 80% of American households are financially worse off than they were before COVID-19
Echo DotThe implication being that covid-19 is a field wealth redistribution program?
It doesn’t make that claim. It’s just that if you were wealthy between 2020 and now you can more easily navigate the price hikes by refinancing during the housing boom, sellings off assets, and shifting investments around.
But people in lower incomes don’t even have assets/savings to fall back on so they just lose harder when the prices hike.
Actually they are saying that if you were wealthy then you could increase the prices due to ‘covid’ and now you’re more wealthy.
The richest in the world got richer. We did not all lose something during Covid. We are in fact in this boat together.
Boats are expensive!
We’re all pushed into the water that then raises the tide for the rich in those boats…
Yea that’s what I mean. Those who were wealthy had the means to leverage the situation and at worst maintain. Everyone else sank lower.