Wealth of the Super-Rich has increased by $434 billion since the pandemic | Report by IPS
In this interview with Omar Ocampo, researcher on Inequality and the Common Good at the Institute for Policy Studies, we examine why wealth of the very rich has increased by hundreds of billions of dollars since the beginning of the coronavirus pandemic. Furthermore, we discuss the implications wealth concentration and even tax deductible donations by billionaires have on our society. Lastly we surface the short and long term solutions that policy makers and movements can pursue to improve the system.
NOTE: The title was edited to $434 billion on the 22nd of May 2020 at 1457. Previously it stated $400 billion. Source: https://inequality.org/billionaire-bonanza-2020-updates/
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Omar Ocampo is a researcher for the Program on Inequality and the Common Good. He graduated from the University ofMassachusetts Boston with a B.A. in Political Science and holds a Masters in International Relations from the American University in Cairo.
His thesis focused on the politics of international oil and humanitarian intervention in Libya. Prior to joining IPS, Omar was an intern for Congressman Stephen F. Lynch. He later entered the nonprofit sector where he worked in direct human and social services.
For more on his work at the Institute for Policy Studies, visit: https://ips-dc.org/ips-authors/omar-ocampo/