2020 provided cover for the largest primitive accumulation grab since the birth of capitalism. In an unprecedented and sweeping capital accumulation there was a chapter 11 bankruptcy increase of 48%. It came at a convenient time. The baby boomers who are currently about to pass
their accumulated wealth (labor hours) to their children saw a huge decrease, small business collapsed, and mass deaths ensured costly medical treatment. Meanwhile, the highest income job bracket is UP 1.2% from pre-corona. For those who make under 27k a year, there are 19% fewer
From 27-60 they're down 4%. The benefit of the clergy reinforced in the clerks, who saw their position less dispossessed than the poor. The wealthiest gained 10 billion dollars this year, while 8 million people fell to poverty between July and November. As enclosure and
inflation hit, access to luxury services became even more exclusive, while dropping in price. The result? The wealthy are spending 5% less while the poor are spending 3% more. The effort to dispossess the poor, the petit bourgeois, and enclose the city was an outrageous success.
Update with more recent numbers: the total wealth of billionaires increased by 1.2 TRILLION dollars as of April 30 2021.

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