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No the very top bucket has not lost any money in the economic downtown, and actually they've gained significant wealth (because they can take aggressive and sho
by qbasic_forever 3y ago
No the very top bucket has not lost any money in the economic downtown, and actually they've gained significant wealth (because they can take aggressive and short risks on falling stock prices). See this: https://www.oxfam.org/en/press-releases/ten-richest-men-double-their-fortunes-pandemic-while-incomes-99-percent-humanity https://www.oxfam.org/en/press-releases/ten-richest-men-doub...
The very top (folks like bezos, musk, etc.) never loses and never had to change their habits. If anything their spending has increased as their wealth increased and they made deals on property, toys, art etc. being sold at cheaper prices by less rich people dropping down a class.