Billionaire Pandemic Wealth Gain Could Pay For Biden’s American Families Plan
U.S. billionaires have reaped $1.8 trillion in wealth gains since March 2020.
U.S. billionaires have reaped $1.8 trillion in wealth gains since March 2020.
Fifty dynastic billionaire families hold as much wealth as the bottom half of U.S. families. Their wealth grew at ten times the rate of ordinary families over the last 40 years.
A new policy brief outlines how the wealthy stow and grow their fortunes for future descendants.
With the collapse of Archegos Capital, family offices — a main tool of the wealth defense industry — are in the headlines.