China’s wealthiest got richer during the first year of the pandemic, says a recent report that follows an earlier study that indicates the top 2 percent of the population owns 80 percent of the country’s total wealth. As of Jan. 1, 2021, wealthy Chinese families—those with total assets exceeding approximately $942,000—had a combined wealth of…
Under Pandemic Lockdowns, the Rich Got Richer and the Poor Got Crushed
Commentary Today, two years after COVID-19 first hit these shores from China, most studies confirm that the heavy-handed government lockdowns of businesses, restaurants, schools, churches, and parks did more harm than good to our health and well-being. States and countries with strict and prolonged lockdown and stay-at-home orders had slightly better health outcomes, but they…
The ‘Can’t Do’ Narrative Continues
Commentary President Biden has pledged to “help narrow the racial wealth gap and reinvest in communities that have been left behind by failed policies.” He used the 100th anniversary of the Tulsa race massacre in Greenwood, a thriving African American community ravaged by a racist mob in 1921, as the occasion to promise more federal contracts for…
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