Billionaires Continue To Hoard Wealth During Pandemic

Sonali Kolhatkar speaks with Chuck Collins about billionaires hoarding wealth during the pandemic.

As the coronavirus pandemic devastates the nation with more than 170,000 deaths so far and widespread economic collapse, Congress remains deadlocked on providing a lifeline to the tens of millions of unemployed Americans.

Now, a new report shows that the wealthiest Americans have not just remained immune to the crisis but have thrived during it. The richest 12 billionaires in the nation now have a combined wealth of $1 trillion.

According to the report’s author Chuck Collins, “This is simply too much economic and political power in the hands of twelve people. From the point of view of a democratic self-governing society, this represents an Oligarchic Dozen.”

Find out more at www.inequality.org and access the new report here.

Rising Up with Sonali is a radio and television show that brings progressive news coverage rooted in gender and racial justice to a wide audience. Rising Up With Sonali was built on the foundation of Sonali Kolhatkar's earlier show, Uprising, which became the longest-running drive-time radio show on KPFK in Los Angeles hosted by a woman. RUS airs on Free Speech TV every weekday.

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