Saturday, December 12, 2020

The Rich get richer

A study by Americans for Tax Fairness and the Institute for Policy Studies that appeared in Forbes recently showed that the 651 richest billionaires have increased their wealth by a trillion dollars since the start of the pandemic in March. The stock market surge has had a lot to do with it. 

The richest people are familiar - Jeff Bezos of Amazon, Bill Gates of Microsoft, Mark Zuckerberg of Facebook and Elon Musk of Tesla. They are now being called “centi-billionaires” as they are now worth over $100 billion each. And this is a time when a lot of people are having a very hard time just trying to survive each day.

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