Billionaire club
the way the US is going the billionaire club will one day be a trillionaire club with the bottom 60% wealthiest in the US continuing to struggle to meet their bills from week to week.
Trump entered the Whitehouse as a billionaire and has used his position to hold dinners promoting his cryptocurrency instead of supporting people who are trying to do good in his community, as presidents traditionally do.
Despite recent tariff-related market turmoil, the 10 richest U.S. billionaires saw their wealth increase by $365 billion over the past 12 months.
If the wealth gains of the 10 richest billionaires were taxed like income from work, they would owe a collective $135 billion in taxes.
A modest three percent tax on wealth over $1 billion would raise over $50 billion from the 10 richest U.S. billionaires alone. This is enough to cover the entire federal rental assistance budget, or a year of food assistance for 22.5 million people.
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