jeffw@lemmy.worldM to

News@lemmy.world · 8 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 · 8 months ago

cross-posted to:
[email protected]

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

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8 months ago
Wealth is not cash or cash equivalents though. They aren’t investing all of their wealth
- FlowVoid@lemmy.world
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  Most of the wealth of billionaires is invested, often in the same vehicles used by everyone else (stocks, real estate, etc).

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