Top 10 wealthiest American men collectively earned extra $1B a day, report says, as Trump pushes tax cuts

[groundloop]

Source: The Independent

The top 10 wealthiest billionaires in the U.S. collectively became $1 billion richer every day last year, new analysis has shown.

The group – which includes allies of Donald Trump, including tech bosses Elon Musk, Jeff Bezos and Mark Zuckerberg – saw an increase in their collective wealth of $365 billion over the last 12 months.

It comes as House Republicans narrowly passed the measure, known as Trump’s “big, beautiful bill” early Thursday morning. The bill looks to slash taxes for the mega-rich, while making cuts to Medicaid and food assistance programs.

[snip]

According to Oxfam, it would take 726,000 years for ten U.S. workers with median earnings to make the equivalent of the billionaires. In contrast, if the wealth gains of the 10 richest billionaires were taxed like income from work, they would owe a collective $135 billion in taxes.

Read more: https://www.the-independent.com/news/world/americas/us-politics/billionaires-wealth-increase-trump-musk-bezos-b2755622.html

[JoseBalow]

1. How much is enough?

[EarthFirst]

2. Fuck every single one of them...

…and every Republican who enable this bullshit.

[PSPS]

3. The mere existence of billionaires indicates a broken and declining society

[wiggs]

4. Note: article is from a non-US outlet. Some of the best US reporting is not from US outlets. Red flag. nt

[ultralite001]

6. The UK press...

The Independent, The Guardian
Even BBC + Sky
Are doing the work

That many US journos seem to have abandoned…

They still seem to recognize the need for
“Fair” + “balanced” in these uncertain times…

[ultralite001]

5. Where is the complete list???

Are they all white boys???

[slightlv]

7. You just know the answer to that question! /snark

[slightlv]

8. A billion dollars a DAY over the last year.

How in the world do you spend that much money? WHY in the world would you need that much money? And doesn't anyone feel ashamed for making that much money when so many in the world go hungry, or without healthcare. Blows my freaking mind. If and when Democrats get back in charge, we're going to change things up a WHOLE lot. No more billionaires in this country. They're just a drain on our resources, anyway. Let them choose some other third world country to do their dirty work in.

[angrychair]

9. That worded it awkwardly

Ten billionaires, each earned $100 million dollars a day, every single day, for 12 months.
The other interesting statistic was that it would take ten average workers, earning the median salary, 726,000 years to earn the same thing the ten billionaires earned in a single year.

[slightlv]

12. And all their money was "unearned"...

stocks, pass-thrus, and all those other loop holes I have no knowledge of or understanding about.

Our wages, classified as "earned income" should be taxed at a much lower rate, recognizing the importance of our work and time. Unearned Income should be taxed at a higher rate. Playing around on your computer and moving digits across accounts doesn't take much energy.

[orangecrush]

10. "Earned"

[raccoon]

11. Well, that's all that matters, isn't it? :sarcasm: :sarcasm: