U.S. Billionaires Could Give $3,400 Stimulus Checks To 331 Million Americans Using Only Their Increase In Wealth Since March 2020

Here’s a rich fact: The 660 billionaires in the U.S. have increased their collective net worth by $1.1 trillion since the start of the pandemic. The jaw-dropping statistic, contained in a report by Americans for Tax Fairness and based on data from Forbes, hints at the sharp divergence in the economic fate of Americans. While over 40 million Americans relied on unemployment benefits in 2020, the richest of the rich saw their wealth soar over $1 trillion.

The dynamic is even starker when contextualized in the current negotiations over the...