US Billionaires and Lucre of Pandemic
US Billionaires and Lucre of Pandemic
Sri Lanka Guardian
9:27 AM
$1 trillion wealth gain by 651 U.S. billionaires since mid-March
That s more than it would cost to send a stimulus check of $3,000 to every one of the roughly 330 million people in U.S.
by Americans for Tax Fairness
Wealth Increase in 9 Months Exceeds Likely $908 Billion Cost of Covid Relief Package GOP Has Stalled as Too Costly
The collective wealth of America’s 651 billionaires has jumped by over $1 trillion since roughly the beginning of the COVID-19 pandemic to a total of $4 trillion at market close on Monday, December 7, 2020. Their wealth growth since March is more than the $908 billion in pandemic relief proposed by a bipartisan group of members of Congress, which is likely to be the package that moves forward for a vote in the next week, but has been stalled over Republican concerns that it is too costly.