John,
Between 2010 and 2020 U.S. billionaires' wealth grew by $1.35 trillion. But, over just the last 13 months, their wealth has grown by $1.61 trillion―more than the previous 10 years combined.
That increase in billionaire wealth alone could pay for nearly 70% of the 10-year, $2.3 trillion cost of President Biden’s proposed jobs and infrastructure plan—the American Jobs Plan.
Take a look at our latest infographic below, which shows how billionaire wealth has rapidly accelerated during the pandemic―at the same time that millions of people lost jobs and income, and millions more people have fallen into poverty. Then, donate $5 today to promote this infographic and demand the wealthy pay their fair share in taxes.
Americans for Tax Fairness’ latest report on billionaire wealth highlights some of the ultra-billionaires who have benefited the most during the pandemic, including Amazon’s Jeff Bezos who is now worth nearly $200 billion. Or, take Elon Musk, the founder of Tesla and Space-X whose wealth has grown by an astounding 599% during the pandemic.
More than a third of the $4.3 trillion growth in billionaire wealth from 1990 to today has come amid the past 13 months of coronavirus misery. During those same 13 months, over 30 million Americans fell ill from COVID, over 560,000 have died from it and about 77 million lost jobs.
Chip in today to bring our latest infographic to millions of people to show the massive acceleration of billionaire wealth during the pandemic, and build critical support for the rich and corporations to pay their fair share.
Together, we’re demanding an equitable pandemic recovery that creates jobs and supports social, racial and economic justice.
Thank you,
Andrea Haverdink
Digital Director
Americans for Tax Fairness