Dark Truth Comes Out about COVID Vaccines: 9 New Billionaires Created from Vaccine Profits

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A new report shows that COVID vaccines have helped create nine new billionaires with “a combined wealth greater than the cost of vaccinating the world’s poorest countries.”

The People’s Vaccine Alliance confirmed that “at least nine people have become new billionaires since the beginning of the COVID pandemic.”

This news came ahead of a G20 leaders Global Health Summit.

This new wealth is due to “the excessive profits pharmaceutical corporations with monopolies on COVID vaccines are making.”

The nine new billionaires have a combined net wealth of $19.3 billion.

This is enough to fully vaccinate all people in low-income countries 1.3 times, the report claims.

However, low-income countries have received only 0.2 percent of the global supply of vaccines while being home to 10 percent of the world’s population.

Here’s more from the report:

Key members of the G20, who meet tomorrow, including the UK and Germany, are blocking moves to boost supply by ending companies’ monopoly control of vaccine production as COVID-19 continues to devastate lives in countries like India and Nepal where only a tiny fraction of the population has been vaccinated…

In addition, eight existing billionaires –who have extensive portfolios in the COVID-19 vaccine pharma corporations– have seen their combined wealth increase by $32.2 billion, enough to fully vaccinate everyone in India.

Campaigners from the People’s Vaccine Alliance, whose members include Global Justice Now, Oxfam and UNAIDS, have analysed Forbes Rich List data to highlight the massive wealth being generated for a handful of people from vaccines which were largely public funded.

Anna Marriott, Oxfam’s Health Policy Manager, said: “What a testament to our collective failure to control this cruel disease that we quickly create new vaccine billionaires but totally fail to vaccinate the billions who desperately need to feel safe.

“These billionaires are the human face of the huge profits many pharmaceutical corporations are making from the monopoly they hold on these vaccines. These vaccines were funded by public money and should be first and foremost a global public good, not a private profit opportunity. We need to urgently end these monopolies so that we can scale up vaccine production, drive down prices and vaccinate the world.”


TRENDING 👇 Biden Offering Money to Americans Who Get Vaccinated

The Biden administration appears to be desperate.

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Biden asked state and local governments to use funds from his $1.9 trillion American Rescue Plan to offer $100 payments to individuals in order to incentivize coronavirus vaccinations, The Hill reports.

The Treasury Department said, “Treasury stands ready to give technical assistance to state and local governments so that they may use the funds effectively to support increased vaccination in their communities, and Treasury will partner with the Department of Health and Human Services throughout this effort.”

Biden said at the White House, “I know that paying people to get vaccinated might sound unfair to folks that have gotten vaccinated already but here’s the deal: if incentives help us beat this virus, I believe we should use them…. We all benefit if we can get more people vaccinated,” Biden added.

More from The Hill:

The $1.9 trillion coronavirus relief law, which Biden signed in March, included $350 billion in funding to assist state, territorial and local governments in battling the impacts of the coronavirus pandemic… The Treasury Department clarified in May that governments that receive funds could use them for vaccine incentive programs. Several states and private businesses have already offered vaccine incentives in the form of lotteries and free food and other goods.

The announcement represents the latest strategy by the Biden administration to incentivize vaccines amid the spread of the more contagious delta variant… Almost 70 percent of U.S. adults have received at least one dose of a COVID-19 vaccine, but vaccination rates have leveled off in recent weeks, and the percentage of people who are vaccinated in some areas of the country remains low.