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News@lemmy.world · 2 months ago

America’s wealthiest billionaires got $698 billion richer this year, while the average home earned $83,000—and the gap's set to get wider under Trump

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America’s wealthiest billionaires got $698 billion richer this year, while the average home earned $83,000—and the gap's set to get wider under Trump

Sahwa@reddthat.com to

News@lemmy.world · 2 months ago

America’s wealthiest billionaires got $698 billion richer this year—and Trump's tax policy could give them a new windfall | Fortune

The top 10 richest U.S. billionaires took home 833,631x more money than the typical American home, and inequality could get worse thanks to President Donald Trump’s tax changes, job scarcity, and a looming recession

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2 months ago
Shocker. Billionaires always capture wealth in economic downturns.

Just look at the years following the 2008 financial crisis.

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