During the first two years of the coronavirus pandemic, the collective wealth of billionaires in the United States grew by a staggering $1.7 trillion as Covid-19 killed millions of people across the globe and threw entire nations into turmoil, worsening extreme poverty, hunger, and other preexisting crises.
Released Friday to coincide with the second anniversary of the World Health Organization’s official pandemic declaration for Covid-19, the latest billionaire fortune analysis by Americans for Tax Fairness (ATF) finds that the 704 billionaires in the U.S. now own more combined wealth than the 165 million people in the bottom half of the country’s wealth distribution.
“For billionaires, it’s been two years of raking in the riches, while for most families it’s been two years of fear, frustration, and financial worry,” ATF executive director
— source commondreams.org | Jake Johnson | Mar 11, 2022
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