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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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American billionaires have gotten $280 billion richer since the start of the COVID-19 pandemic
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Poster Handle
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Anonymous Coward |
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Post Content
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That increase in net worth likely came from things like precious metal holdings.
Quoting: Lady Jayne Smith Article doesn't breakdown the increase. Suggests it's part of tax break trend. "In the background is the fact that since 1980, the taxes paid by billionaires, measured as a percentage of their wealth, dropped 79%. “We’re reading about benevolent billionaires sharing .0001% of their wealth with their fellow humans in this crisis, but in fact they’ve been rigging the tax rules to reduce their taxes for decades."
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