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Posts Tagged ‘Zuckerberg’

12/14/20•

BIG TECH › NEWS

American Billionaires Rake in Another $1 Trillion Since Beginning of Pandemic

“Never before has America seen such an accumulation of wealth in so few hands. As tens of millions of Americans suffer from the health and economic ravages of this pandemic, a few hundred billionaires add to their massive fortunes.”

By Americans for Tax Fairness0

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The collective wealth of America’s 651 billionaires has jumped by over $1 trillion since roughly the beginning of the COVID-19 pandemic to a total of $4 trillion at market close on Monday, Dec. 7. Their wealth growth since March is more than the $908 billion in pandemic relief proposed by a bipartisan group of members of Congress, which is likely to be the package that moves forward for a vote in the next week, but has been stalled over Republican concerns that it is too costly.

The total net worth of the nation’s 651 billionaires rose from $2.95 trillion on Mar. 18 — the rough start of the pandemic shutdowns — to $4.01 trillion on Dec. 7, a leap of 36%, based on Forbes billionaires, according to a new report by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS). By around Mar. 18 most federal and state economic restrictions in response to the virus were in place. Combined, just the top 10 billionaires are now worth more than $1 trillion.

Forbes’ annual billionaires report was published Mar.18, and ATF and IPS collected the real-time data on Dec. 7 from the Forbes website. The methodology of this analysis has been favorably reviewed by PolitiFact. The ATF-IPS analysis also looks at wealth growth since February 2019 — the date of Forbes’ immediately previous annual billionaires report published well before the start of the pandemic and resulting market gyrations.

The $1 trillion wealth gain by 651 U.S. billionaires since mid-March is:

At $4 trillion the total wealth of all U.S. billionaires today is nearly double the $2.1 trillion in total wealth held by the bottom half of the population, or 165 million Americans.

“Never before has America seen such an accumulation of wealth in so few hands,” said Frank Clemente, executive director of Americans for Tax Fairness. “As tens of millions of Americans suffer from the health and economic ravages of this pandemic, a few hundred billionaires add to their  massive fortunes. Their pandemic profits are so immense that America’s billionaires could pay for a major COVID relief bill and still not lose a dime of their pre-virus riches. Their wealth growth is so great that they alone could provide a $3,000 stimulus payment to every man, woman and child in the country, and still be richer than they were 9 months ago. Joe Biden won a tax-fairness mandate in November. We look forward to working with him and Congress to deliver on that mandate by taxing the massive wealth of these billionaires.”

“The updraft of wealth to the billionaire class is disturbing at a time when millions face eviction, destitution, and loss,” said Chuck Collins of the Institute for Policy Studies and co-author of Billionaire Bonanza 2020, a report looking at pandemic profiteering and billionaire wealth. “Billionaires are extracting wealth at a time when essential workers are pushed into the viral line of fire.”

Sources: All data in table is from Forbes and available here.

Ordinary Americans have not fared as well as billionaires during the pandemic:

  • Nearly 14.9 million have fallen ill with the virus and 284,000 have died from it.
  • Collective work income of rank-and-file private-sector employees — all hours worked times the hourly wages of the entire bottom 82% of the workforce — declined by 2.3% from mid-March to mid-October, according to Bureau of Labor Statistics data.
  • Nearly 67 million lost work between Mar. 21 and Oct. 7, 2020.
  • 20 million were collecting unemployment on Nov. 14, 2020.
  • 98,000 businesses have permanently closed. [Yelp/CNBC]
  • 12 million workers have lost employer-sponsored health insurance during the pandemic as of August 26, 2020.
  • Nearly 26 million adults reported their household not having enough food in the past week between Nov. 11-23. From Oct. 28 to Nov. 7, between 7 and 11 million children lived in a household where kids did not eat enough because the household could not afford it.
  • 12.4 million adults — 1 in 6 renters — reported in November being behind in their rent.

Without a federal fiscal relief package, workers will face even greater loss of jobs and services than they have already suffered. The Economic Policy Institute predicts that without more federal aid 5.3 million public-sector jobs — including those of teachers, public safety employees and health care workers — will be lost by the end of 2021.

Because of long-standing racial and gender disparities, low-wage workerspeople of color and women have suffered disproportionately in the combined medical and economic crises of 2020. Blacks and Latinos are far more likely to become infected with COVID-19 and to die from the disease. Billionaires are overwhelmingly white men.

The stock market surge and lock-down economy have been a boon to tech monopolies and helped create four U.S. “centi-billionaires.” Jeff Bezos, Elon Musk, Bill Gates and Mark Zuckerberg are now each worth more than $100 billion. Prior to this year, Bezos had been the only U.S. centi-billionaire, reaching that peak in 2018. Bezos and other billionaires have seen particularly astonishing increases in wealth between Mar. 18 and Dec. 7:

  • Jeff Bezos’s wealth grew from $113 billion on Mar. 18 to $184 billion, an increase of 63%. Adding in his ex-wife MacKenzie Scott’s wealth of $60 billion on that day, the two had a combined wealth of almost a quarter of a trillion dollars thanks to their Amazon stock. If Bezos’s $71.4 billion growth in wealth was distributed to all his 810,000 U.S. employees, each would get a windfall bonus of over $88,000 and Bezos would not be any “poorer” than he was 9 months ago.
  • Elon Musk’s wealth grew by nearly $119 billion, from $24.6 billion on Mar. 18 to $143 billion, a nearly five-fold increase, boosted by his Tesla stock. SpaceX founder Musk has enjoyed one of the biggest boosts in net worth of any billionaire. That $119 billion growth in wealth is more than five times NASA’s $22.6 billion budget in FY2020, the federal agency Musk has credited with saving his company with a big federal contract when the firm’s rockets were failing and it faced bankruptcy.
  • Mark Zuckerberg’s wealth grew from $54.7 billion on Mar. 18 to $105 billion, an increase of 92%, fueled by his Facebook stock.
  • Dan Gilbert, chairman of Quicken Loans, saw his wealth rocket by 543%, from $6.5 billion to $41.8 billion, the second biggest percentage increase of all the billionaires.

Published with permission from Americans for Tax Fairness.SUGGEST A CORRECTION

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Ever since Associated Press sent me two letters claiming that pictures on my website belonged to them, and told me to pay $1,100.00 for infringing on the photo rights, I have been depressed. See below.

Free stock photo of access, announcement, auto racing, business

Dominion Servers in Germany seized to get Data of Vote Switches from Trump to Biden – US MIlitary with Germany’s cooperation
https://www.thegatewaypundit.com/2020/11/us-raid-software-company-scytl-seize-servers-germany-intel-source-says-yes-happened/
Earlier today Rep. Louie Gohmert told Chris Galcedo on Newsmax that people on the ground in Germany report that Scytl, which hosted  elections data Improperly through Spain, was raided by a large US ARMY force and their servers were seized in Frankfurt.
https://youtu.be/NYnf1r8mXXs
The US government, once they determined that this Dominion server was involved in switching votes, then the intelligence community began a search for the server and discovered that the server was in Germany.
In order to get access to that server and have it available for use in a legal manner they had to have the State Department work in tandem with the Department of Justice.
They had to request that the government of Germany cooperate in allowing this seizure of this server.
The appropriate documents required to affect that kind of seizure were put in place, signed off on, and it appears there was also US military support in this operation.
The US military was not in the lead. But this helps explain why Esper was fired and Miller and Kash Patel were put in place — so that the military would not interfere with the operation in any way.
By getting ahold of the server they now are going to have the direct evidence of when they were instructed to stop counting.
They will also discover who gave the direction to stop counting and who initiated the algorithm that started switching votes.
The CIA was completely excluded from this operation.
Andrea Widburg at American Thinker earlier reported that Scytl is a Barcelona-based company that provides electronic voting systems worldwide, many of which have proven vulnerable to electronic manipulation. 
Scytl has (or had) Soros and Democrat party connections.  Microsoft co-founder Paul Allen’s Vulcan Capital has invested $40 million in Scytl.
Tonight we learned from our source that Bill Gates also owns stock in Scytl. —————————————————————– TRUMP TWEETS: REPORT: DOMINION DELETED 2.7 MILLION TRUMP VOTES NATIONWIDE.
DATA ANALYSIS FINDS 221,000 PENNSYLVANIA VOTES SWITCHED FROM PRESIDENT TRUMP TO BIDEN https://www.thegatewaypundit.com/2020/11/boom-trump-tweets-report-dominion-deleted-2-7-million-trump-votes-nationwide-data-analysis-finds-221000-pennsylvania-votes-switched-president-trump-biden/
——– Forwarded Message ——–

Subject:Michigan Voters – 9,500 Dead + 2,000 never existed? + current status
Date:Tue, 10 Nov 2020 18:41:45 -0800
From:Jim <jim@americanloanaudits.com>

Michigan Voters – 9,500 Dead + 2,000 never existed? 
https://www.thegatewaypundit.com/2020/11/huge-analysis-finds-10000-dead-people-returned-mail-ballots-michigan/
“About 9,500 voters confirmed dead through the Social Security Death Index (SSDI) are
marked in the state’s mail voting database as having returned ballots. Another nearly 2,000
are 100 years old or more and aren’t listed as known living centenarians,”
some of the people may not be dead — instead, they may have been made up entirely.
“…possible that some of them aren’t even real people,” “If someone is 110 or some ridiculous age, we should have their death record but do not.”
There are only a few Americans over 110 years old who live in Michigan, according to records.  – not 2,000
12
———————————————————————————-
“We’ve Identified 450,000 Ballots that Miraculously ONLY have a Vote for Joe Biden” – Sidney Powell Drops a BOMB
https://www.thegatewaypundit.com/2020/11/identified-450000-ballots-miraculously-vote-joe-biden-sidney-powell-drops-bomb-sunday-morning-futures-video/
—————————————————————————————
Guess who owns the digital ‘Switch-the-Trump-votesto-Biden” voting machines?
https://barenakedislam.com/2020/11/09/guess-who-owns-the-digital-switch-the-trump-votes-to-biden-voting-machines/
Lord Mark Malloch Brown, a George Soros lieutenant, whose company Smartmatic, is intimately tied to Dominion Voting
Systems who flipped votes from Trump to Biden. His machine was used in all the swing states. This would explain the MICHIGAN
200,000 vote sudden dump of Biden ballots, while WISCONSIN got a 100,000 Biden vote dump late night delivery.
——————————————————————————————-
Facebook’s Zuckerberg paid $15million to subvert 3 Georgia Counties’ elections
https://www.breitbart.com/politics/2020/11/09/most-of-bidens-221000-vote-margin-gain-in-georgia-in-3-counties-that-received-15-million-from-zuckerberg-funded-safe-elections-project/
———————————————————————————
Fake News Media can’t confirm a “President Elect”
only the electoral college with the decisions  of each state legislature can.
232 Electoral votes seem “Solid” for Trump,  226 seem “Solid” for Biden
https://www.thegatewaypundit.com/2020/11/current-actual-election-result-update-president-trump-leading-electoral-college-paths-victory-biden/
The other states are in limbo.  
Arizona is just slow in counting, but looks like a win for Trump after the last 56,000 votes are counted – he’s getting 66% of most new votes
Massive voter fraud appears to have occurred in WI, MI, PA, GA and NV – and maybe AZ.
The Fake News Media refused to admit that Trump took Alaska (66.2% Trump) and North Carolina (50.1% to 48.7%).
The Fake News including RealClearPolitics.com all called Arizona for Biden, but RealClearPolitics finally withdrew that call and never gave PA to Biden.
https://www.thegatewaypundit.com/2020/11/breaking-real-clear-politics-pulls-pennsylvania-call-biden-withdraws-electoral-votes/
https://www.realclearpolitics.com/elections/live_results/2020/president/
Based on actual results and accounting for states currently not called, still counting, recounting, under investigation or audit,
or states with election issues now in the courts, President Trump is winning the 2020 Presidential Election.
1
=====================================
Ten Attorneys General Join Supreme Court Case Against Pennsylvania Mail-In Ballot Deadline
https://www.zerohedge.com/political/ten-attorneys-general-join-supreme-court-case-against-pennsylvania-mail-ballot-deadline
ten Republican Attorneys General have filed an ‘amicus brief’ with the US Supreme Court in a case challenging the legality of late mail-in ballots in Pennsylvania.
AGs from Missouri, Alabama, Arkansas, Florida, Kentucky, Louisiana, Mississippi, South Carolina, South Dakota, and Texas filed in Republican Party of Pennsylvania v. Boockvar,
which challenges the Pennsylvania Supreme Court’s late October decision to allow ballots arriving after Election Day to be counted – despite, as The Federalist notes – state laws
mandating otherwise.
“Free and fair elections are the cornerstone of our Republic and it’s one of the reasons why the United States is the envy of the world,” said Missouri AG Eric Schmitt in a
Monday press conference. “We have to ensure that every legal vote cast is counted in that every illegal vote cast is not counted.”

Associate Justice Samuel Alito Jr. already granted the Republican Party of Pennsylvania’s request and temporarily ordered all counties segregate mail-in ballots
that arrived after 8 p.m. on Election Day from others, but the lawsuit is still pending petition in the highest court.

===============================================================================

Continued from above.

I was already depressed when the election was called in Biden’s favor the night of the vote, but the very next day, I received the letters from AP.

Hell, I don’t even remember where I got one of the photos, but I usually give credits whenever I use a photo that does not come from the free photo places. Of course, I have been taking pictures since I was like 10 years old when I got my very own first camera. I have two Nikon professional cameras, yes true 35MM single lens reflex cameras, fully manual.

So to accuse me of stealing photos for my website, I just really don’t think so. I created the site they are claiming their photos appeared on, back in 2013. It was probably earlier though, because I had to recreate the site once, that was prior to 2013.

Please Note that I borrowed the picture from:
YouTube Stone Mountain Park Confederate Memorial Carving

Pleased visit: https://www.onlyinyourstate.com/georgia/rare-photos-stone-mountain-monument-construction-ga/

Nice historical information on the carving.

Crazy thing, AP saw that I have a Stone Mountain, GA address when they mailed me the accusation letters, and one of the pictures I am accused of stealing, was of the mountain. I have lived in Georgia for 60 years, and James and I currently live less than one mile from the mountain.

I took my first picture of the mountain, not long after my Daddy died, back in 1966, when I was six years old. I was there with our next door neighbor. I could explain the day to you; but that was the first time I photographed the mountain.

Lets just fuck with the little people that have next to no money at all. I did delete the one picture from my site, because, for the life of me, I could not remember where the hell I got that one from.

But don’t come accusing me of stealing pictures of a mountain that has had photos and postcards floating around the world for the past almost 100 years.

To allege that I stole a picture of the Mountain that I have lived next to for the past 25 years, and have been taking pictures of since I was 6 years old… I just don’t think so.

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