Billionaire wealth surges amid pandemic

As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge.

Between March 18th and April 23th, as more than 26 million U.S. workers lost their jobs, the combined wealth of America’s billionaires increased by $308 billion, a 10.5 percent increase. After a brief decline, the collective wealth of 614 U.S. billionaires has surpassed their 2019 levels.

Meanwhile, due to media scrutiny, at least 13 wealthy public traded companies give back $170 million in small-business stimulus money, they sought to steal from the smaller businesses the money was designed for.


It's nice to know as millions of Americans are sick, dying, and unemployed, America's wealthiest 1% are thriving as never before. This how we - Make America Great Again! 😆


https://www.commondreams.org/views/2020/04/23/us-billionaire-wealth-surges-covid-19-pandemic-worsens

https://www.wsj.com/articles/a-dozen-public-companies-give-back-160-million-in-small-business-stimulus-money-others-say-theyll-keep-it-11587831790

@mchill said
Meanwhile, due to media scrutiny, at least 13 wealthy public traded companies give back $170 million in small-business stimulus money, they sought to steal from the smaller businesses the money was designed for.

If the US had followed Sweden's model this never would have happened.

@mchill said
As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge.

Between March 18th and April 23th, as more than 26 million U.S. workers lost their jobs, the combined wealth of America’s billionaires increased by $308 billion, a 10.5 percent increase. After a brief decline, the collective wealth of 614 U.S. b ...[text shortened]... mpanies-give-back-160-million-in-small-business-stimulus-money-others-say-theyll-keep-it-11587831790

-Removed-