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video UK · 14 July 2020

How COVID-19 MAKES the Rich Richer - Gary EXPLAINS the theory

This video explains how the Bank of England's COVID-19 money printing, intended for furloughed workers, ultimately benefits the rich. It details how new money enters the economy, is borrowed by the government, and paid to workers whose reduced spending on luxuries leads to increased savings for wealthier individuals, while essential spending continues to flow back to the rich.

By Gary Stevenson

Mentions Jeff Bezos

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