The U.S. billionaires profiting the most from the pandemic
While Russian billionaires have been the focus of attention due to the ongoing fighting in Ukraine and the ensuing sanctions against Russian individuals and entities, their counterparts in the United States have accumulated an additional $1.7 trillion of net worth since the start of the pandemic two years ago. This marks an increase of 57 percent compared to March 2020 data from Forbes aggregated by U.S.-based organization Americans For Tax Fairness (ATF). As our chart shows, four of the six biggest earners are Big Tech CEOs.
Florian Zandt
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These 6 billionaires have total wealth over 150% of UK’s GDP. Together as a class they have the resources of a medium size state with corresponding economic and political power to ensure the continued accumulation of wealth and to defeat attempts to break it down or even just tax it more. So are we already living in a post democracy form of government?
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