America's billionaires saw their wealth increase by $434 billion during the global pandemic, according to a new report
have been hit hardest over the last two months, as almost 40% of people working in February and earning less than $40,000 annually have lost their jobs over the last month."While millions risk their lives and livelihoods as first responders and front line workers, these billionaires benefit from an economy and tax system that is wired to funnel wealth to the top,"According to the report, the total net worth of America's billionaires rose 15% during the two months, from $2.
That existing rift has increased over the last two months, as evidenced by the inverse relationship between employment numbers and the composite wealth of America's billionaire class. In addition to job losses, an estimated 16 million U.S. workers have likely lost employer-providedsince the pandemic first began to impact America.
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