Billionaires are getting even richer from the pandemic. Enough is enough [CNNMoney.com]
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Source: CNNMoney.com
Billionaires are getting even richer from the pandemic. Enough is enough Chuck Collins directs the Program on Inequality at the Institute for Policy Studies. He's a coauthor of the IPS study Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers. The opinions expressed in this commentary are his own. The United States is suffering a horrendous pandemic. But while the coronavirus itself is indiscriminate, there are huge disparities in who suffers from the resulting economic fallout. Columbia University researchers project that poverty rates in the United States could soon reach their highest levels in half a century. Yet as my colleagues and I track in a new report for the Institute for Policy Studies, the wealth of America's billionaires actually increased by nearly 10% over just three weeks as the COVID-19 crisis took hold. Extreme wealth inequality, in short, is America's "preexisting condition." And unless we act intentionally — with a
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AMZN
Earnings
- 10/30/25 - Beat
AMZN
Sec Filings
- 12/3/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website