Breitbart News reported Thursday, Jan. 28, that a new analysis found that the wealth of U.S. billionaires has increased by nearly 40 percent since the outbreak of the Chinese Communist Coronavirus crisis, with 46 former millionaires adding value to become billionaires. Currently, 660 U.S. billionaires sit on $4.1 trillion in total wealth, while the lowest-earning 165 million Americans have only $2.4 trillion in total wealth.
According to an analysis by Americans for Tax Fairness, since March 2020, the blockade of the Chinese Communist virus Epidemic has shut down thousands of American small and medium-sized businesses, leaving 18 million Americans unemployed and 6.2 million underemployed. At the same Time, the collective net worth of the 660 billionaires in the U.S. has increased by $1.1 trillion, jumping from a total net worth of less than $3 trillion in March 2020 to a current $4.1 trillion. These richest 1 percent of the nation’s wealth grew by 38.6 percent during the Communist Party’s viral crisis.
Since March 2020, Amazon CEO Jeff Bezos’ wealth has increased by more than 60 percent and tesla CEO Elon Musk’s wealth has increased by 628.5 percent. Microsoft co-founder Bill Gates (Bill Gates) during the crisis than the previous income increased by 23%, and Facebook CEO Mark Zuckerberg (Mark Zuckerberg) wealth increased by nearly 70%.
The analysis shows that working- and middle-class Americans, whose incomes were severely affected by the embargo measures during the Communist Party’s viral crisis. An analysis of 2018 by the Pew Research Center (Pew) found that the median household income of middle-class Americans has been stagnant between 2000 and 2016, and the median household income of working-class Americans, surprisingly, was lower in 2016 than it was in 2000.
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