How Billionaires Got $637 Billion Richer During The Pandemic
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.
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How Billionaires Got $637 Billion Richer During The Pandemic
Видео How Billionaires Got $637 Billion Richer During The Pandemic канала Business Insider
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
Видео How Billionaires Got $637 Billion Richer During The Pandemic канала Business Insider
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