Here's the case for Elon Musk, Warren Buffett and the rest of America's billionaires sending $3,000 stimulus checks to everybody

The 651 billionaires in the U.S. have seen their collective wealth grow by more than $1 trillion over the past nine months

"The rich get richer" doesn't even begin to truly capture what's been happening across the United States during the coronavirus pandemic.

According to Americans for Tax Fairness and the Institute for Policy Studies, the 651 U.S. billionaires have seen their collective wealth grow by more than $1 trillion over the past nine months, while the less fortunate struggle to keep their jobs and put food on the table.

If the ultra-rich were to share their "pandemic profits," research shows (link), they could give everybody in the country a one-time $3,000 stimulus check and still be wealthier than they were back in March.

Here's a look at the gains enjoyed by some of the country's richest men, including Amazon's (AMZN) Jeff Bezos, Berkshire Hathaway's (BRKA) Warren Buffett, Microsoft's (MSFT) Bill Gates and Tesla's (TSLA) Elon Musk:

"As tens of millions of Americans suffer from the health and economic ravages of this pandemic, a few hundred billionaires add to their massive fortunes," ATF's Frank Clemente said in a statement (link). "Their pandemic profits are so immense that America's billionaires could pay for a major COVID relief bill and still not lose a dime of their pre-virus riches."

At this point, the exploding net worth of the billionaires has surpassed $4 trillion, in total -- that's almost double the combined wealth of the bottom half of the U.S. population.

Also read:No, America's billionaires didn't get $434 billion richer during the pandemic -- quite the opposite, in fact (link)

In an op-ed he co-wrote with IPS's Chuck Collins for MarketWatch back in August (link), Clemente said "it is time to levy an emergency wealth tax on billionaire profiteers and direct the funds to offset the cost of the nation's health-care costs

Source:The morning star