S&p 500 Sectors And Quotes

Data sliced sufficiently finely begin once again to tell stories. The top 1 percent of the income distribution—representing household incomes in excess of roughly $475,000—comprises only about 1.5 million households. If one adds up the numbers of vice presidents or above at S&P 1500 companies (perhaps 250,000), professionals in the finance sector, including in hedge funds, venture capital, private equity, investment banking, and mutual funds (perhaps 250,000), professionals working at the top five management consultancies (roughly 60,000), partners at law firms whose profits per partner exceed $400,000 (roughly 25,000), and specialist doctors (roughly 500,000), this yields perhaps 1 million people. These are surely not all one-percenters, but they are all plausibly parts of the top 1 percent, and this group might comprise half—a sizable share—of 1 percent households overall. At the very least, the people in these known and named jobs constitute a material, rather than just marginal or eccentric, part of the top 1 percent of the income distribution. They are also, of course, the people depicted in journalistic accounts of extreme jobs—the people who regularly cancel vacation plans, spend most of their time on the road, live in unfurnished luxury apartments, and generally subsume themselves in work, encountering their personal lives only occasionally, and as strangers.

According to Amy Goodman, Gates owns investments in sixty-nine of the world’s worst-polluting companies.203 His single-minded obsession with vaccines seems to serve his impulse to monetize his charity and to achieve monopoly control over global public health policy. His strategies and corporate alliances in the food, public health, and education sectors may also reflect messianic conviction that he is ordained to save the world with technology, top-down centralized cookie-cutter solutions to complex human problems, and a godlike willingness to experiment with the lives of lesser humans. And Gates’s vaccine cartel has amassed Midas-like riches. Early in 2021, a TV interviewer, Becky Quick, observed that Gates had spent $10 billion on vaccines over the past two decades and asked Gates, “You’ve figured out the return on investment for that and it kind of stunned me. Can you walk us through the math?” Gates responded: “We see a phenomenal track record . . . there’s been over a 20-to-1 return. So if you just looked at the economic benefits, that’s a pretty strong number.” The interviewer pressed him: “If you had put that money into an S&P 500 and reinvested the dividends, you’d come up with something like $17 billion dollars, but you think it’s $200 billion dollars.” Gates continued: “Here, yeah,” hastening to add that “helping young children live, get the right nutrition, contribute to their countries, that has a payback that goes beyond any typical financial return.”204 The key to it all, he added, is “Having that big portfolio.” And the key to much of that portfolio is having Anthony Fauci.