New figures from the Institute for Policy Studies show that, despite a pandemic that has stunted the economy for months, America’s billionaire class is becoming richer than ever, adding nearly $700 billion to their fortune since the nationwide lockdown in March.
In this segment of Mintcast, journalist and author Alan MacLeod discusses how COVID-19 became a boon for the ultra-wealthy and allowed America’s billionaires to accrue more wealth in just three weeks of lockdown than they made in total prior to 1980.
Welcome to MintCast, the official MintPress News podcast hosted by Mnar Muhawesh. MintCast is
Increasingly, journalists at establishment publications come from and represent the one percent that they claim to be holding to account.
Many of the world’s super wealthy are trying to wait out the COVID-19 pandemic on their luxury yachts. But how to get to them without interacting with the public and catching the virus themselves? Such are the difficult quandaries only billionaires have to deal with. Fortunately, financial news outlet Bloomberg has solved the big question of the
America’s billionaires have accrued more wealth in the past three weeks alone than they made in total prior to 1980.
A new report from the Institute for Policy Studies found that,
