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

Breakthrough study reveals first large-scale subsurface energy resources discovery in the Dominican Republic

Breakthrough study reveals first large-scale subsurface energy resources discovery in the Dominican Republic

The island of Dominican Republic has achieved a major scientific and economic milestone with the identification of what experts describe…

By Editorial Board 3 Min Read
Prizefighter Christy Martin on going through her greatest battle outdoors of the ring
Prizefighter Christy Martin on going through her greatest battle outdoors of the ring

Opponents feared boxer Christy Martin within the ring. Nevertheless, it was at…

55 Min Read
Toronto’s M ferry builder faces forgery costs, allegations of violating Russian sanctions
Toronto’s $92M ferry builder faces forgery costs, allegations of violating Russian sanctions

The shipbuilder contracted to ship Toronto’s long-awaited, $92-million electrical ferries is going…

4 Min Read

Oponion

Ghislaine Maxwell requests new trial after juror interviews

Ghislaine Maxwell requests new trial after juror interviews

NEW YORK (AP) — Ghislaine Maxwell has formally requested a…

January 20, 2022

Hertz, BP Partner on Electric-Vehicle Charging Stations

Car-rental company Hertz Global Holdings and…

September 27, 2022

YouTube Stars Cash In Video Rights for Millions of Dollars

By Miles Kruppa| Photographs by Victor…

December 13, 2022

United Airways flight diverts after windshield cracks at 36,000 toes

shut video The Factors Man founder…

October 20, 2025

Get Purchase-One-Get-One Instruments at The Dwelling Depot for Early Black Friday

Apparently, it is at all times…

November 6, 2025

You Might Also Like

Building Dreams, Not Excuses: The Fabian QC Mindset
BusinessTrending

Building Dreams, Not Excuses: The Fabian QC Mindset

Fabian Niklas Ciobanu didn’t inherit wealth — he built it. Born in Moldova and raised in Italy, he grew up…

1 Min Read
The Brand Doctor: Applying diagnostic analysis, structural correction, and strategic recalibration to brand performance.
BusinessTrending

The Brand Doctor: Applying diagnostic analysis, structural correction, and strategic recalibration to brand performance.

In a market where most companies confuse visibility with value, Dr. Victoria Garcia operates at a different level. Her work…

6 Min Read
Aneudy Neo Gonzalez, Esq.: A Legal Mind Shaping the Future of Healthcare and Community Advocacy
Trending

Aneudy Neo Gonzalez, Esq.: A Legal Mind Shaping the Future of Healthcare and Community Advocacy

Aneudy Neo Gonzalez, Esq. is a respected attorney, educator, and advocate whose career bridges law, healthcare, and community empowerment. With nearly…

5 Min Read
The Triangle Breathing Tool: A Montessori Approach to Healing Through Movement, Breathing, and Sensory Integration
LifestyleTrending

The Triangle Breathing Tool: A Montessori Approach to Healing Through Movement, Breathing, and Sensory Integration

Maria Montessori once wrote that “establishing lasting peace is the work of education,” and that a child must first find…

7 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?