How Billionaires Got $637 Billion Richer During The Pandemic

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40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars. This isn’t the first time billionaires have seen gains while others dealt with loss, and it tends to tie back to two things. First, the government disproportionately gives more aid to banks and corporations. Then, when the stock market bounces back, the unequal bailouts mean that the wealthy still have money on hand to invest and thus profit, while the middle and lower classes do not. Wealth-friendly tax laws and loopholes then keep those billionaires at the top. Knowing all of this, some are advocating for policies to help level the playing field and create change. MORE CORONAVIRUS COVERAGE: How Toilet Paper Companies Dealt With The 845% Demand Spike | Big Business https://www.youtube.com/watch?v=KVcqbqpMfQY 6 Months Of The Coronavirus Pandemic In The US — In 6 Minutes https://www.youtube.com/watch?v=u62RWygtCYM Why Millions Of Potatoes Are Being Thrown Away During The Pandemic | Big Business https://www.youtube.com/watch?v=ALtfQVbHtM0 ------------------------------------------------------ #Pandemic #Billionaire #BusinessInsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit us at: https://www.businessinsider.com Subscribe: https://www.youtube.com/user/businessinsider BI on Facebook: https://read.bi/2xOcEcj BI on Instagram: https://read.bi/2Q2D29T BI on Twitter: https://read.bi/2xCnzGF BI on Amazon Prime: http://read.bi/PrimeVideo How Billionaires Got $637 Billion Richer During The Pandemic

Published by: Business Insider
Published at: ۱ month ago
Category: اخبار و سیاست