{"id":1093541,"date":"2021-12-07T08:58:53","date_gmt":"2021-12-07T13:58:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1093541"},"modified":"2021-12-07T08:58:56","modified_gmt":"2021-12-07T13:58:56","slug":"surprise-report-shows-global-elites-got-richer-during-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/surprise-report-shows-global-elites-got-richer-during-coronavirus-pandemic\/","title":{"rendered":"Surprise! Report Shows Global Elites Got Richer During Coronavirus Pandemic"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsurprise-report-shows-global-elites-got-richer-during-coronavirus-pandemic%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1093541&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">There\u2019s money in misery, a study affirmed Tuesday, as it revealed the share of household wealth owned by billionaires soared by a record amount during the global coronavirus pandemic. Millionaires were not far behind.<\/p>\n<p>Reuters <a href=\"https:\/\/www.reuters.com\/business\/pandemic-boosts-super-rich-share-global-wealth-2021-12-07\/\">outlines<\/a> the World Inequality Report produced by a network of social scientists estimated billionaires over the past 12 months collectively own 3.5 percent of global household wealth, up from slightly above two percent at the start of the pandemic in early 2020.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>\u201cThe COVID crisis has exacerbated inequalities between the very wealthy and the rest of the population,\u201d lead author Lucas Chancel said, noting rich economies used massive fiscal support to mitigate the sharp rises in poverty seen elsewhere.<\/p>\n<p>At the same time the rich got richer, the pandemic pushed about 100 million people into extreme poverty, raising the global total to 711 million in 2021, World Bank estimate quoted in the analysis estimated.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" readability=\"7.3846153846154\">\n<p lang=\"en\" dir=\"ltr\">Billionaire jet-owning Elites convene for globalist confab to discuss how to get the peasantry to focus on global warming. <a href=\"https:\/\/t.co\/ZCPRZDSQaH\">https:\/\/t.co\/ZCPRZDSQaH<\/a><\/p>\n<p>\u2014 Breitbart News (@BreitbartNews) <a href=\"https:\/\/twitter.com\/BreitbartNews\/status\/1413609619985944577?ref_src=twsrc%5Etfw\">July 9, 2021<\/a><\/p>\n<\/blockquote>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Even more people would have fallen into poverty had many developed nations not enacted relief efforts to shield their residents from the financial fallout from the Covid-19 pandemic.<\/p>\n<p>The <a href=\"https:\/\/wid.world\/\">report<\/a> tackles a variety of specialist research and public domain data, with a foreword written by U.S.-based economists Abhijit Banerjee and Esther Duflo, two of the trio who won a 2019 Nobel Prize for work on poverty.<\/p>\n<p class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\" data-testid=\"paragraph-5\">The findings corroborate a range of existing studies, \u201crich lists\u201d and other evidence pointing to a rise in health, social, gender and racial inequalities during the pandemic, Reuters reports.<\/p>\n<p class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\" data-testid=\"paragraph-5\">It also confirmed that for most of those who belong on global rich lists, life has gone on pretty much as normal for the past 18 months while everyone else was forced into lockdown as they were lectured over coronavirus and told to stay at home.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" readability=\"6.5510204081633\">\n<p lang=\"en\" dir=\"ltr\">Erykah Badu and H.E.R. turning up with Barack Obama at his 60th birthday bash. <a href=\"https:\/\/t.co\/cPfBU167PT\">pic.twitter.com\/cPfBU167PT<\/a><\/p>\n<p>\u2014 Rap Alert (@rapalert4) <a href=\"https:\/\/twitter.com\/rapalert4\/status\/1424368455680249856?ref_src=twsrc%5Etfw\">August 8, 2021<\/a><\/p>\n<\/blockquote>\n<div class=\"SpacingContainer__container___2kvuUN SpacingContainer__max-width___1aBoiA\">\n<div class=\"ad-slot__container___3rdCdV\">\n<div class=\"ad-slot__inner___2BzoBn\" readability=\"11.5\">\n<div id=\"reuters_desktop_native_3\" class=\"ad-slot__slot___6W8Kxc\" readability=\"18\">\n<p>The World Inequality Report is based on more than four years of work by more than 100 researchers around the globe.<\/p>\n<p>Meanwhile Forbes\u2019 annual world\u2019s billionaires list this year included a record-breaking 2,755 billionaires with a combined worth of $13.1 trillion, up from $8 trillion last year.<\/p>\n<div class=\"SpacingContainer__container___2kvuUN SpacingContainer__max-width___1aBoiA\">\n<div class=\"ad-slot__container___3rdCdV\">\n<div class=\"ad-slot__inner___2BzoBn\" readability=\"7.5\">\n<div id=\"reuters_desktop_native_3\" class=\"ad-slot__slot___6W8Kxc\" readability=\"13\">\n<p>The new report showed a wider group of 520,000 adults who make up the top 0.01 percent richest together saw their share of global wealth hit 11 percent this year, up from ten percent the year before.<\/p>\n<div id=\"attachment_19033074\" class=\"wp-caption alignnone\" readability=\"36\"><a href=\"https:\/\/media.breitbart.com\/media\/2021\/12\/GettyImages-1235420662.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-19033074\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/12\/GettyImages-1235420662-1024x683-1.jpg\" alt width=\"990\" height=\"660\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>A woman takes a selfie as two hostesses walk past yachts at the Hercules Port in Monaco on September 22, 2021, during the 30th edition of the International Monaco Yacht Show. (VALERY HACHE\/AFP via Getty Images)<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\" data-testid=\"paragraph-9\">Analysts say some super-rich have benefited from the shift online of much of the world\u2019s economy during lockdowns, while others simply gained from rising asset prices as financial markets bet on the speed and shape of the global recovery.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"Text__text___3eVx1j Text__dark-grey___AS2I_p Text__regular___Bh17t- Text__large___1i0u1F Body__base___25kqPt Body__large_body___3g04wK ArticleBody__element___3UrnEs\" data-testid=\"paragraph-10\">The study also found while poverty increased sharply in countries with weaker welfare coverage, massive government support in the U.S. and Europe was able to mitigate at least some of that impact on lower earners there through job subsidies and social support.<\/p>\n<h5><em><span>Follow Simon Kent on Twitter:<\/span> <a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/SunSimonKent\" data-show-count=\"false\">Follow @SunSimonKent<\/a> <span>or e-mail to: skent@breitbart.com<\/span><br \/><\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s money in misery, a study affirmed Tuesday, as it revealed the share of household wealth owned by billionaires soared by a record amount during the global coronavirus pandemic. Millionaires &#8230;<\/p>\n","protected":false},"author":82,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1093541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1093541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/82"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1093541"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1093541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1093541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1093541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1093541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}