Two years of living through a pandemic has given us deeper insight into how extreme inequalities of income and wealth matter—and in some cases dictate who lives and who dies.

The pandemic economy supercharged existing inequalities, worsening the economic circumstances of the already precarious while further concentrating wealth and power in the hands of the already wealthy. In the first 21 months of the pandemic, roughly 700 U.S. billionaires saw their combined wealth increase by $2.2 trillion, even as millions lost their lives and livelihoods. A few hundred U.S. billionaires now have a combined wealth of $5.2 trillion, while the bottom half of all U.S. households—165 million people—have a combined $3.4 trillion.

Read the full article at Sojourners.

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies. Follow him on Twitter @Chuck99to1.

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