Billionaire hedge fund manager Alan Howard has invested in two crypto companies, Block

6/22/2022, 07:05 PM
Billionaire hedge fund manager Alan Howard has invested in two crypto companies, Block
I have to convert this into a essay and I am terrible at essays! Can someone help me? It has been nearly a year since the Covid-19 pandemic first hit the United States, and the country is still reeling from the economic and social fallout. Businesses have closed, jobs have been lost, and families have been uprooted. In the midst of all this turmoil, one group of people has managed to weather the storm relatively unscathed: billionaires.
The world’s richest people saw their fortunes increase by an average of $3 billion during the pandemic, according to Forbes. And while many Americans were struggling to make ends meet, these billionaires were busy getting even richer.
So how did they do it? Some made savvy investments in businesses that flourished during the pandemic (think online shopping and streaming services). Others benefited from government bailouts or stimulus programs. But perhaps most importantly, they had something that most Americans don’t: money.
Money gives you options when everyone else is scrambling just to survive. It allows you to take risks that others can’t afford to take. And it provides a cushion against unexpected setbacks (like job loss or illness). In other words, money gives you power—the power to weather any storm.
The Covid-19 pandemic has laid bare the stark reality of our country’s inequality problem. The haves are getting richer while everyone else falls further behind. Unless we take action to level the playing field, this divide will only continue to grow wider in the years ahead—with devastating consequences for our economy and our democracy