Despite COVID, or maybe because of it, the rich are getting richer. In fact, according to recent data, U.S. billionaires alone have seen a wealth increase of $1.3 trillion over the last year.
This makes me wonder. Are the rich getting richer in absolute terms? Or just comparative ones?
To put it another way, is the value of their assets growing? Or is the value of currency – a dollar, a yen, or a euro – shrinking?
Is the value of the world’s stocks, housing and bitcoin growing? Or is the value of your food, wages and rent decreasing?
Is the value of the economy as a whole and the companies within it rapidly expanding during a decade-defining global pandemic? Or… is something else happening?
Are the wealthy really getting wealthier? Or are they just becoming far, far more powerful?