Monday, August 3, 2020

Uncle Sam's coronavirus aid looks a lot like a wealth transfer to the rich

To ensure delivery to your inbox add email@mail.nbcnews.com to your contacts | View in browser
Aug 03, 2020
Uncle Sam's coronavirus aid looks a lot like a wealth transfer to the rich

The federal government's response to the coronavirus crisis has pumped trillions of dollars into America's wealthiest companies and investors, along with smaller chunks for lower- and middle-class families, in ways that reinforced and widened disparities between races and between economic classes, according to economists.

As lawmakers and White House officials grapple with the next round of coronavirus relief, it is becoming clearer that the Federal Reserve's actions to mitigate the crisis, including slashing interest rates and favoring those with existing lending relationships, are further aggravating economic disparities. 

Read More
Get the NBC News Mobile App
Apple Google
Follow NBC News
F T I G
Update Preferences | Unsubscribe | Contact | Privacy

No comments:

Page List

Blog Archive

Search This Blog

USAO - Kentucky, Eastern News Update

Offices of the United States Attorneys You are subsc...