The wealth of America’s billionaires increased by nearly 10% over just three weeks as the COVID-19 crisis took hold, according to the Institute for Policy Studies. (QuinceCreative/Pixabay) LAS VEGAS — A former U.S. labor secretary says the $2 trillion CARES Act to address the coronavirus pandemic provided American workers with stimulus checks and extra unemployment payments, but those who benefited most were large corporations, banks and the wealthy.
Robert Reich served under President Bill Clinton and says those who needed funds the least have gained the most, through bailout funds, numerous tax credits and deductions.
According to Reich, America’s billionaires are […]
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