Nicholas Kulish, Ephrat Livni, and Emma Goldberg, of the New York Times, have made available for download their article, “Who Are America’s Billionaires, Anyway?”, published in the New York Times. The article begins as follows:
It’s the other inflation problem.
Once upon a time, protesters occupied Wall Street, or a nearby park at any rate, and wanted to hold the richest 1 percent of Americans to account.
Ten years after the occupation of Zuccotti Park, it seems like the goal has been revised upward. It’s no longer the top 1 percent or even the top 0.1 percent, but something more like an FBI 10 Most Wanted list of the one-name rich: Musk, Bezos, Zuckerberg, Gates, Buffett.
The growing ranks of the ultrarich — with spaceships replacing yachts as the ultimate status symbols — are reflected in the political discussions of taxing the wealthy. During the 2020 presidential campaign, Senator Elizabeth Warren of Massachusetts floated an “ultra-millionaire tax,” and she and Vermont Senator Bernie Sanders railed against both millionaires and billionaires.
Posted by Isabella King, Associate Editor, Wealth Strategies Journal.