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In a completely unrelated note, corporate profits are at a historical high. Up 22.8% from the same period last year.

https://www.statista.com/statistics/222127/quarterly-corpora...

How much of it is new private and public debt?

Changes nothing of the original point of in whose hands the excess money ended up.

Those profits are fake. It's the government printing money and inflating the numbers, but no consumable wealth was created, so there is nothing to distribute.

Yes there is no money here. These are not the billionaires you're looking for *handwave

It's not just the government printing money though. A major part is the stock market "printing" money by wild overvaluation of company stocks.

Nonsense. If you have a bag with 10 diamonds, and you sell 1, you find the richest person willing to buy one, so if he pays you 1 million, it is guessed that the 10 diamonds are worth 10 million. But the 10 million dont even exist. If you try to sell the second diamond. The richest one doesnt want it or wants to pay less. So the second richest wants to pay half a million. If you sell it, now the diamonds lost half his value. And if you try to sell the third diamond, nobody wants it, now the diamonds are worth zero.

where did the wealth gone? Nowhere. It never existed. The 10 million were just a guess

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