Report says billionaires’ ‘pandemic profits’ could be enough to pay $3K stimulus to every American
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According to a report by Americans for Tax Fairness and the Institute for Policy Studies, the profit made by American billionaires during the Covid19 pandemic since March is enough to give every US resident a $3,000 check. More than 651 billionaires in the US saw their wealth increase by a whopping $1.06 trillion over the last 9 months. The billionaires would be richer than they were 9 months ago even after giving the stimulus.