Billionaires in the U.S. have seen their fortunes skyrocket, increasing by 12.5 percent since the pandemic began. The Institute for Policy Studies released a study “showing that, in the eight weeks between March 18 and May 14, the country’s super wealthy have added a further $368.8 billion to their already enormous fortunes.”
Besides this ridiculous state of inequality, the rich also don’t pay their fair share in taxes. (Are you shocked?) They received a giant tax cut from Donald Trump, and the crazy rich hide $32 trillion in offshore tax havens worldwide.
Meanwhile, for average Americans, things are, um… not as good. As Alan Mcleod writes for MintPress, “A record 36 million Americans have filed for unemployment insurance, with millions more losing their employer-based healthcare plans, and around a third of the country not paying its rent.”