- There are extra billionaires than ever, each within the US and globally, and so they’re a lot richer than they had been even a decade in the past.
- The proliferation of billionaires is, in some ways, a coverage alternative. Adjustments to the tax code have made it simpler than ever to make and preserve a fortune, at the same time as little has modified for the underside 90 p.c of Individuals.
- A rising wealth hole has resulted in rising anti-billionaire sentiments in US politics, most just lately showcased in Zohran Mamdani’s victory within the New York Metropolis mayoral race.
It seems like everybody’s mad at billionaires proper now.
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