Too Much Wealth in the Wrong Place

The Washington Post welcomed in 2012 with this story, “World’s richest men added billions to their fortunes last year as others struggled.” A few of the stunning statistics: The pandemic has forced untold hardships onto many Americans, with tens of millions of families now reporting that they don’t have enough to eat and millions more out of work on account of layoffs and lockdowns. . . America’s wealthiest, on the other hand, had a very different kind of year: Billionaires as a class have added about $1 trillion to their total net worth since the pandemic began. And roughly one-fifth… Read More

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