It is definitely a fact when it is reported that people connected to these COVID vaccines, made out like bandits. The video link shown below, zeros in on one of the many Grifters, who benefited from the supreme business, connected with the COVID vaccines, on the investment, production and distribution side, as a minimum. These individuals are usually people, who by their reputations and wealth, are able to influence public policy. This makes these people not only powerful but also very dangerous, since they can influence the growth of their investments, usually at the expense of the unknowing public/taxpayer.
To ensure that we have a unified understanding of what a Grifter is, consider the following definition.
Definition of grifter noun from the Oxford Advanced American Dictionary
grifter
nouna person who tricks people into giving them money, etc.
https://www.oxfordlearnersdictionaries.com/us/definition/american_english/grifter
Please follow the video link below to learn about the admissions of an influential Grifter.
https://www.youtube.com/watch?v=kGctGh3vvJg
Imagine, one buys the stock, shown below, September 2021, for $34, and sells it August 6, 2021 for $389.01, you are talking about a major gain (11.44 x the initial investment).
"BioNTech SE is a German biotechnology company based in Mainz that develops and manufactures active immunotherapies for patient-specific approaches to the treatment of diseases." Wikipedia
This company developed the COVID vaccine for Pfizer, and our grifter was heavily invested in this stock. Ref. Graph above.
"The Gates Foundation has been instrumental this year in funding coronavirus vaccine programs. But the foundation hasn't just handed money over to drugmakers; it's also invested in a few of them. Here are four coronavirus vaccine stocks that the Gates Foundation is betting on."
https://www.fool.com/investing/2020/09/24/4-coronavirus-vaccine-stocks-the-bill-melinda-gate/
"The Gates Foundation first bought a position in BioNTech in September 2019, well before the COVID-19 pandemic hit. It invested $55 million in the biotech, with the potential for total funding to reach $100 million. The foundation's goal with this investment was to work with BioNTech to develop vaccines and immunotherapies for preventing HIV and tuberculosis (TB) infection."
https://www.fool.com/investing/2020/09/24/4-coronavirus-vaccine-stocks-the-bill-melinda-gate/
"As a result of the Tax Reform Act of 1969, private foundations must pay out annually a minimum of 5% of their total assets through awarded grants. Foundations are required to file a 990-PF informational form with the Internal Revenue Service each year."
The foregoing essentially works like a 5% federal income tax, any way one looks at it. It is certainly way less than what the average middle class person is paying.
https://www.learningtogive.org/
Another way to look at foundations, it is a strategy to reduce the federal income tax-burden to zero, on great wealth.
"Private foundations are exempt from federal income tax because they are charitable or “section 501(c)(3)” organizations. This means that the foundation's investment earnings, capital gains and certain other types of income are not subject to income tax."
https://www.tuckerellis.com/publications/overview-of-private-foundations/
