U.S. billionaires almost a third richer today than when COVID-19 hit: Oxfam America

NEW YORK, April 17 (Xinhua) -- As the deadline for Americans to file federal income tax returns fast approaches, Oxfam America has renewed calls for taxing the ultrarich while publishing an analysis showing America's growing number of billionaires saw their wealth increase by nearly one-third since the start of the COVID-19 pandemic and by nearly 90 percent over the past decade.

"Wealth inequality in the U.S. is more extreme and dangerous than income inequality; and we need to change our approach, so we effectively tax wealth as well as income," Common Dreams quoted the charity as saying in an introduction to the report, "Tax Wealth, Tackle Inequality," which was released last week.