There are few scenes more sordid than the surging wealth gains of the world’s billionaire class during an unprecedented pandemic when millions have lost their lives, health, and livelihoods.

As the U.S. heads into another wave of COVID-19 infections, the wealth of 650 American billionaires has increased by over $1 trillion since mid-March, the beginning of the pandemic lockdowns.

Who’s generating all this wealth? In many cases, it’s frontline retail, healthcare, and food workers who are underpaid and under-protected from the virus.

Read the full article at The Guardian.

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies. Follow him on Twitter @Chuck99to1. Omar Ocampo is an a researcher at the Institute for Policy Studies.

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