This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Elites use COVID-19 to build wealth, flaunt virtue as middle America suffers
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Trending > Elites use COVID-19 to build wealth, flaunt virtue as middle America suffers
Trending

Elites use COVID-19 to build wealth, flaunt virtue as middle America suffers

Editorial Board Published December 14, 2021
Share
Elites use COVID-19 to build wealth, flaunt virtue as middle America suffers
SHARE

OPINION:

Last week, movie stars Meryl Streep, Leonardo DiCaprio, Jonah Hill and Jennifer Lawrence all hit the “Don’t Look Up” red carpet in New York City for the premiere of their new film, which offers “a humorous warning about climate change, politics and more,” according to filmmaker Adam McKay.

The stars were all decked out in designer duds, smiling for the cameras and giving interviews, preaching — maskless — about the perils of the so-called climate crisis while surrounded by workers and staff who all were required to have their faces covered.

The COVID-19 pandemic has created a very visible two-tier society. It’s a society where the upper class can lecture you about wearing masks and abiding by the “science” while exempting themselves from their own rules.

Yes, there’s the obvious hypocrisy, but there’s something more sinister going on: The pandemic has exacerbated the inequality gap between the haves and have-nots in this country — and the “haves” seem to like it that way.

The upper caste in America is elite urban liberals, who hold the majority of positions in universities, the media, Hollywood, the federal government and civil service, Silicon Valley, Wall Street and large corporations. They were all content with Zooming in to meetings from home during the pandemic, while sending low-wage workers out to absorb the risk.

This liberal elite is fine with mask and vaccine mandates, business lockdowns and school shutdowns because their lives were never interrupted. They could work from home, afford the cost of a tutor or send their children to private institutions. They couldn’t be bothered wearing masks at their own private events. As a bonus, they can now use “science” to virtue-signal to the world.

Not surprisingly, studies now show that the pandemic has disproportionately hurt lower- and middle-class Americans, while the elites have prospered.

A survey conducted by Save the Children International of 37 countries found three in four households suffered declining income since the start of the pandemic, with 82% of poorer households negatively affected. In the U.S., more than 2 million households claimed they didn’t have enough to eat since the pandemic, with one in five Black households saying they had experienced hunger.

The U.S. economy lost 22 million jobs from February to April 2020, according to the U.S. Bureau of Labor Statistics, when the lockdowns first went into effect, and the economy even today is still millions of jobs below the pre-pandemic trend.

As Americans head into the Christmas season, they’re facing higher prices for gifts, empty shelves, longer waits at checkout lines and higher costs to heat their homes. The lockdowns snarled global supply chains and the Biden administration’s policies — on everything from energy to big government spending — have led to massive inflation, which is a tax on the middle class.

Meanwhile, the pandemic has been a boon for the ultra-rich. The fortunes of the top five billionaires rose by $102 billion, increasing their wealth by 26%, during the three first months of the pandemic.

“In fact, the combined wealth of U.S. billionaires increased by over $637 billion to a total of $3.6 trillion, which is considerably more than the entire wealth of the 54 countries on the African continent,” the World Economic Forum wrote last year.

Big-box stores like Walmart and Target thrived, drawing in record profits, while more than 100,000 small mom-and-pop businesses folded. Amazon’s profit soared 220% earlier this year compared to the same period in 2020. The company’s latest third-quarter results mark the fourth consecutive quarter of revenue topping $100 billion. Great for shareholders, and CEO Jeff Bezos.

And as the rich get richer and the poor poorer, the Biden administration and some corporate and local jurisdictions have strongly pushed vaccination mandates. Get the jab or lose your job. For millions of frontline, essential employees, who caught COVID-19 working while the elites were at home, the concept is untenable.

Those who managed to hold on to their jobs during the worst of the pandemic are now having their livelihoods threatened. And by whom? The virtue-signaling liberal elites.

COVID-19 has led to one of the greatest transfers of money and power, from the middle class to the elites, that this country has ever seen. For the party that claims to be fighting for the middle class, Democrats seem pretty content with the new tiered society they’ve created. And why wouldn’t they? It’s benefiting them, after all.

• Kelly Sadler is the commentary editor at The Washington Times.

TAGGED:TrendingWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Toyota Keeps Its EV Options Open—Maybe Too Open Toyota Keeps Its EV Options Open—Maybe Too Open
Next Article Magnus Carlsen retains chess crown as challenger collapses Magnus Carlsen retains chess crown as challenger collapses

Editor's Pick

Pleasure parade cancelled after being halted by pro-Palestinian protesters

Pleasure parade cancelled after being halted by pro-Palestinian protesters

Ottawa’s annual Pleasure parade was cancelled on Sunday after it was halted by a native pro-Palestinian advocacy group that blocked the…

By Editorial Board 5 Min Read
If You Like Encompass Sound, the Sonos Period 300 Is 20 P.c Off Proper Now
If You Like Encompass Sound, the Sonos Period 300 Is 20 P.c Off Proper Now

Trying to improve your Sonos setup? The Sonos Period 300 (9/10, WIRED…

3 Min Read
I Turned My Yard Right into a Nature Documentary With a Flock of Sensible Hen Feeders
I Turned My Yard Right into a Nature Documentary With a Flock of Sensible Hen Feeders

It additionally comes with further plastic flowers and just a little brush…

33 Min Read

Oponion

Most Reasonably priced Japanese Denim: Graph Zero’s Uncooked Hidden Gem | Fashion

Most Reasonably priced Japanese Denim: Graph Zero’s Uncooked Hidden Gem | Fashion

We independently consider all advisable services and products. Any services…

February 21, 2025

15 Finest Water Footwear For Males: Take These In every single place in 2025 | Fashion

We independently consider all beneficial services…

March 21, 2025

How is Starmer’s authorities doing? This is what ‘end-of-term’ report from voters says | Politics Information

One 12 months on, how’s Keir…

July 30, 2025

9 Finest Males’s Shorts Manufacturers – Versatile Types For 2025 | Fashion

We independently consider all advisable services.…

July 29, 2025

Olympic gold medalist ski jumpers on Norway group charged in gear dishonest scandal caught on video

Two Olympic gold medalist ski jumpers…

August 12, 2025

You Might Also Like

Gregory Hatanaka Teases His Biggest Films Yet with No Regrets and The Shout
EntertainmentTrending

Gregory Hatanaka Teases His Biggest Films Yet with No Regrets and The Shout

If you know indie cinema, you know Gregory Hatanaka. The veteran director, producer, and distributor has spent decades zigzagging through…

6 Min Read
Okay So I Clicked on “Castle” at 2AM and Things Got Weird
Trending

Okay So I Clicked on “Castle” at 2AM and Things Got Weird

Princess. Dragon. Kingdom. Knight. Wait what? So I'm on this website called Embeddings.fyi at like 2 in the morning because…

6 Min Read
Best YTT Yoga School a Journey from Student to Teacher: Transformative Yoga Retreats in Asia
LifestyleTrending

Best YTT Yoga School a Journey from Student to Teacher: Transformative Yoga Retreats in Asia

In recent years, Bali has become a global epicenter for yoga education, attracting aspiring teachers and seekers from every corner…

7 Min Read
Inside the Blueprint: How a Ground-Breaking CCUS Review Is Shaping the Race to Net Zero
Trending

Inside the Blueprint: How a Ground-Breaking CCUS Review Is Shaping the Race to Net Zero

Author, Jean Chantel The 2024 review article “Carbon Capture, Utilization and Storage (CCUS) Technologies: Evaluating the Effectiveness of Advanced CCUS…

6 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?