‘ORGY OF WEALTH’ CONTINUES AS US BILLIONAIRES GREW $584 BILLION RICHER OVER LAST 3 MONTHS WHILE 45 MILLION LOST THEIR JOBS

WebInvestigator.KK.org - by F. Kaskais

by Jake Johnson, Common DreamsWaking Times

A devastating trend of soaring inequality in the U.S. continues.

In their weeklyanalysisof wealth data Thursday, the Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF) found that billionaires have seen their combined net worth grow by $584 billion in the three months since the Covid-19 pandemic shuttered much of the U.S. economy and threwmore than 45 millionpeople out of work.

Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett, and Larry Ellison—the five wealthiest billionaires in the U.S.—saw their collective riches grow by $101.7 billion between March 18 and June 17, according to the new report. A dozen other American billionaires saw their wealth more than double during that same period.

Frank Clemente, ATF executive director, said in astatementthat over the past three months, “about 600 billionaires increased their wealth by far more than the

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