New Report: ‘Billionaire Wealth vs. Community Health’
Washington, DC - Essential workers went underpaid, unsupported and forced to risk their health at corporations owned or operated by billionaires, even as the total wealth of America’s billionaires rose by more than $1 trillion under the COVID-19 pandemic, according to a new report by the Institute for Policy Studies (IPS), United for Respect, and Bargaining for the Common Good Network. An analysis of billionaire wealth by IPS found that 647 U.S. billionaires gained $960 billion, almost $1 trillion in wealth between March 18, 2020 and November 17, 2020.