Monday, February 01, 2021

Cost of the Wuhan Coronavirus

Everyone is saying that is cost trillions of dollars, but it depends on who is measuring.

Business Insider:

Worldwide, billionaires saw their wealth increase by $3.9 trillion between March 18 and December 31, 2020.
London Guardian:
The economic blow from Covid-19 has cost workers around the world $3.7tn (£2.7tn) in lost earnings, after the pandemic wiped out four times the number of working hours lost in the 2008 financial crisis, according to the UN’s labour body.
So there was a massive transfer of wealth from the middle class to the super-rich.

But what was the economic impact on the elderly?

I haven't seen it estimated, because I think that no one wants to say the obvious. COVID-19 primarily killed people who were elderly, retired, obese, and had multiple other comorbidities. These people were contributing nothing to our economy, and costing a lot in terms of medical care and other benefits. From the point of view of the lizard people who value the population only for how wealth can be extracted, COVID-19 may have been a net benefit by killing off the least productive residents.

No comments: