Pandemic has exposed our inequality in a very ugly & impossible to ignore way

While some work from 2nd homes, or live off savings, others are out of work & missing rent payments, or being put at risk in essential job.

But I think it will also make the rich even richer (1/N)

It seems crazy to believe that in a crisis that crashes the US economy something like 15% and world like 10%, that the rich could come out better from all of this.

But it wouldn’t be that surprising for a few reasons (2/N)

Reason 1: Diversity limits losses

Even in a crash there are winners & the rich likely to own them

Think 2nd homes. Certain rural regions are going to become "hot" & they are ones the rich already own in, partly offsetting their losses from NYC

Same with other assets. (3/N)

Reason 2: Experience with $'s

Rich know $'s like farmers know crops. They have the info to navigate disasters. They know all options & have connections to access them

They can play futures markets, or private equity, or offshore opportunities

And more damningly.... (4/N)

Reason 3: Inside info

In both legal, gray, & outright illegal way. The rich are constantly being made aware of opportunities & shifting breaking news, before others

In a crisis there is a ton of that & they have $s to put to work at a moments notice, often ahead of news (5/N)