whenelelctioneering

@whenelelctioneering@mastodon.world

The public account of a private politics gambling fund

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rbreich , to random
@rbreich@masto.ai avatar

March 2020: US billionaires worth a combined $2.9 trillion

March 2024: US billionaires worth a combined $5.5 trillion

That’s an 88% increase in billionaire wealth since the pandemic hit.

Wealth tax. Now.

whenelelctioneering ,

@rbreich this is a distorted measure of wealth. Suppose that last year there were 100 people with $1bn each and 200 people with $950mn each, and that this year all these people become 10% richer. The total wealth held by billionaires has more than tripled because of all the newly created billionaires. But that's not an accurate reflection of how much richer the very rich became.

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