In 2025, the share of total US assets owned by the wealthiest 0.1 percent reached its highest level on record.

New research published Monday shows that the 10 richest people in the United States have seen their collective fortune grow by nearly $700 billion since President Donald Trump secured a second term in the White House and rushed to deliver more wealth to the top in the form of tax cuts. The billionaire wealth surge that has accompanied Trump’s return to power is part of a decades-long…

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  • redlemace@lemmy.world
    2·
    2 days ago

    Rephrasing a comment from @Wilmo which puts thing in a fantastic perspective:

    If you get to spend $10,000 a day, you need 274 years to spend 1 billion. Nobody needs that much.