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REPORT ABUSIVE 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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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." Yes - and for the next few years it is going to be middle and working class that pull the economy up with their taxes and hard work. Even more so if conservatives stay in power.
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