jeffw@lemmy.worldM to

News@lemmy.world · 7 months ago

US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

cross-posted to:
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US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

jeffw@lemmy.worldM to

News@lemmy.world · 7 months ago

cross-posted to:
[email protected]

Billionaires now control 1 out of every 25 dollars of American wealth.

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aesthelete@lemmy.world
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7 months ago

When you’re a billionaire, most of your net worth comes from ~~businesses~~ assets you own (and can borrow against without having to claim the loans as income), not liquid assets.

FTFY

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