The staggering increase in wealth inequality comes despite, or perhaps in part because of, several rounds of cash injections by the federal government to corporations, big banks and to a lesser extent, ordinary Americans which have added trillions of dollars to the US national debt.
The wealthiest 600+ Americans saw their total wealth increase by $434 billion between March 18, when the government began implementing coronavirus-related lockdowns, and May 19, Americans for Tax Fairness, a Washington-based nonprofit, has reported, citing Forbes data.