Global Billionaire Pandemic Wealth Gains Surge to $5.5 Trillion
As the wealth divide grows deeper, global advocates call for one-time 99 percent emergency tax on billionaires’ pandemic windfalls to fund Covid-19 vaccines for entire world.
As the wealth divide grows deeper, global advocates call for one-time 99 percent emergency tax on billionaires’ pandemic windfalls to fund Covid-19 vaccines for entire world.
U.S. billionaires have reaped $1.8 trillion in wealth gains since March 2020.
Fifty dynastic billionaire families hold as much wealth as the bottom half of U.S. families. Their wealth grew at ten times the rate of ordinary families over the last 40 years.
A new policy brief outlines how the wealthy stow and grow their fortunes for future descendants.