DRINKING LIBERALLY

Virginia Beach
Second Thursday of the Month

Croc's 19th Street Bistro, 6 p. m.
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Virginia Beach, VA (map)

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In the latest migration to a new virtual private server, some of the links to images in the earliest posts to this blog were broken. If you encounter one of these broken links, please let me know. I have backups and can restore the images.

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From Pine View Farm by Frank Bell is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Based on a work at www.pineviewfarm.net.

This New Gilded Age, One More Time 0

The rich get richer . . . .

As of this month, the U.S.’s 806 billionaires are worth a collective $5.8 trillion, meaning that they control 1 in every 25 dollars of American wealth, according to an Americans for Tax Fairness report released Monday.

Due in part to the 2017 tax overhaul by Republicans, led by Donald Trump, this small group has seen an explosion of wealth in an extremely short amount of time.

Since the 2017 Tax Cuts and Jobs Act, U.S. billionaire wealth has doubled, from an already staggering $2.9 trillion. In 2017, none of the richest Americans were centi-billionaires, meaning that they did not have over $100 billion; now, the top 10 U.S. billionaires are all centi-billionaires, according to the report.

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This New Gilded Age, One More Time 0