Economic Malignancy: The Swelling Wealth Share of Our Richest 0.00001 Percent
In 2024, the 19 richest U.S. billionaires increased their share of the country’s wealth from 1.2 percent to 1.8 percent, the largest annual increase ever.
In 2024, the 19 richest U.S. billionaires increased their share of the country’s wealth from 1.2 percent to 1.8 percent, the largest annual increase ever.
Jeff Bezos is paying only peanuts in tax on the profits he’s making selling off his Amazon shares.
Our current effective tax rate on capital gains shrinks as the gains grow in size and duration, inviting the tax dodge — Buy–Hold for Decades–Sell — that’s driving America’s wealth concentration.
The nightmare scenarios anti-tax groups paint ignore the huge impact of ‘buy-hold for decades-sell’ tax avoidance on the taxes our ultra-rich end up paying.