Billionaires Made More in 2020 Than Ever Before – and Gave Even Less to Charity

It’s true that 2020 has been an awful year for many people, especially those in the shrinking middle class. But for billionaires it’s actually been a record year.

The richest of the rich have made more than ever before – and are giving even less than ever before to charity.

Spotlight: Jeff Bezos

Case-in-point: Amazon CEO Jeff Bezos. He’s made around $90 billion so far during the pandemic, growing his net worth by around 79% to its current level of more than $204 billion. Amazon’s sales have grown massively month by month as more people turned to online shopping due to social distancing and quarantine restrictions during the pandemic.

Bezos promised last year that he was giving $10 billion to fight “climate change” through his Bezos Earth Fund. It seemed like a lot at the time, but now that his net worth has grown so massively – while other businesses have been fighting and dying in the trenches and shutdowns – it seems like what it is: a virtue signaling tax write-off designed to help progressive groups tilt at windmills instead of actually helping people.

Next Up: Elon Musk

Next up there’s Tesla and SpaceX CEO Elon Musk, clocking in at the fourth richest person with a net worth of more than $91 billion. Between March to December of last year, Musk racked up $118.5 billion in gains without any charitable donations. He made over $3 billion just in Tesla bonuses from stock options.

As someone who’s criticized the lockdown’s effects that forced his Tesla plant in Fremont, California to close up shop, Musk gets the downsides of the pandemic restrictions. He’s also recently announced he’s leaving the Sunshine State and headed to Texas where his businesses and SpaceX are also now located.

As someone who’s also criticized the transgender pronouns craze and other politically correct items, Musk certainly understands the frustration that ordinary Americans feel at being punished with restrictions that have no visible effect on fighting COVID-19.

As such, instead of doing like Bezos and giving to climate change or the social justice funds wasting money on diversity conferences, might we suggest that Musk step up and do something similar to Barstool Sports founder Dave Portnoy and start a fund for small businesses?

Maybe he could even pitch his charitable donations to help fund entrepreneurs, inventers and innovators with ideas to make a brighter future. This is Musk’s chance to truly become great.

Elon Musk Dreaming of a Brighter Future by jurvetson is licensed under CC BY 2.0

Billionaires Having a Blast

At the end of the day there’s nothing wrong with being rich. All of us should aspire to succeed and prosper. But when you end up in charge of large multinational companies that use monopolistic practices and alliances with Communist China and other enemies of our country it’s time to rethink things for a minute.

Then there are billionaires like Mark Zuckerberg and wife Priscilla China. Zuckerberg’s worth crossed $100 billion in December, doubling from a year before. He gave some to a center for “tech and civic life” but as everyone knows, Zuckerberg has been a big part of the Big Tech propaganda machine working day and night to censor and shut down conservatives and work to get Democrats elected.

While billionaires are having a blast, small businesses are getting shut down and the First Amendment right to free speech is being taken away step by step through a China-style technology system.

It’s time to say enough is enough and hold the richest of the rich accountable for their actions and positions. If they want to benefit at the expense of the American people and dominate to such an extent with their multinational companies then it’s time they gave a little more back in return.

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