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How billionaires got $637 billion richer during the coronavirus pandemic

40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars. This isn’t the first time billionaires have seen gains while others dealt with loss, and it tends to tie back to two things. First, the government disproportionately gives more aid to banks and corporations. Then, when the stock market bounces back, the unequal bailouts mean that the wealthy still have money on hand to invest and thus profit, while the middle and lower classes do not. Wealth-friendly tax laws and loopholes then keep those billionaires at the top. Knowing all of this, some are advocating for policies to help level the playing field and create change.

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