A brief story of the huge wealth transfer quietly transforming America:

The small business recovery has plateaued. For 2 months, revenue has been down 15-20%, the same as the 2009 peak.

Basically small biz have settled in to a Great Recession 2.0

22% have already closed
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So small businesses are being decimated. How are big corporations doing? Thriving.

The value of the 500 biggest companies is up 8% in the last year.
Zoom in to the 100 biggest (mostly tech) companies? Up 35%.

The bigger a company is, the better it can weather this storm.
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What effect has this had? Nearly a fourth of small business owners have lost their life savings this year.

Net worth gain this year for owners of:
Amazon: $87 billion
Tesla: $43B
Microsoft: $21B
Walmart: $15B
Google: $15B
Facebook: $10B
Oracle: $6B
Twitter/Square: $4B
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This trend is only going to worsen now that small businesses have exhausted their PPP loans. Many will close. Others will be gobbled up by big corporations with plenty of cash on hand.

This has been going on for years but the pandemic has been gasoline on the fire.
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