I found this great comment under someone's YouTube video:

The pandemic functioned as a perfect catalyst for an engineered wealth transfer, where "essential" lockdowns systematically wiped out small-business competition to hand total market dominance to corporate giants. By flooding the system with cheap money that flowed directly into a stock market owned 93% by the top 10% of households, the recovery acted as a high-speed funnel that ballooned the wealth of the top 1% to over $25 trillion. This strategy effectively trapped the bottom 50% of Americans—who own less than 1% of market equity—in a cycle of debt and inflation while the billionaire class solidified a permanent, lopsided new economic reality.