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Opinion: It’s time to raise taxes on the rich

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The coronavirus pandemic has shown just how deeply rooted inequality is in the United States. While tens of millions of Americans have lost their jobs, billionaires in the United States have increased their wealth by a staggering $685 billion since mid-March. Among the major winners are Elon Musk, who just became the world’s fourth richest person, and Jeff Bezos, the world’s richest person, whose wealth has bloomed to more than $200 billion.The coronavirus pandemic has shown just how deeply rooted inequality is in the United States. While tens of millions of Americans have lost their jobs, billionaires in the United States have increased their wealth by a staggering $685 billion since mid-March. Among the major winners are Elon Musk, who just became the world’s fourth richest person, and Jeff Bezos, the world’s richest person, whose wealth has bloomed to more than $200 billion.