That’s enough, Sanders says, to pay the out-of-pocket healthcare costs of every American for an entire year. Last week, Sanders introduced the Make Billionaires Pay Act along with Sens. Under that proposal, billionaire Amazon founder Jeff Bezos (currently worth $189 billion, according to Forbes) would pay $42.8 billion, Elon Musk (worth $68 billion) would pay $27.5 billion, and Mark Zuckerberg (worth $97 billion) would pay $22.8 billion, Sanders says. That’s how much 476 billionaires in America increased their wealth since the Federal Reserve began taking action to backstop the stock market in March, Sanders says. That was right as the stock market bottomed out, and as it recovered, so did billionaires’ net worths.

Source: Forbes August 11, 2020 12:56 UTC