“.. The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years .. that increase was slightly bigger than the one recorded under Biden’s predecessor..” @bloomberg.com www.bloomberg.com/news/article... - ThreadSky

carlquintanilla.bsky.social • 35 days ago

“.. The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years .. that increase was slightly bigger than the one recorded under Biden’s predecessor..”

@bloomberg.com
https://www.bloomberg.com/news/articles/2025-01-16/american-oligarchy-decried-by-biden-gained-1-5-trillion-during-his-presidency

Comments

mbandman.bsky.social•35 days ago

Most of them answered the election question “are you better off today than before Biden was elected?” with “yes, but I can be even better off with lower taxes and no regulator watching me.”

gili92107.bsky.social•35 days ago

A rising tide floats all boats, the problem is many are clinging to life rafts while the few have yachts already.

tonyhig67.bsky.social•35 days ago

And it still wasn’t enough.

doodpatrol.bsky.social•35 days ago

Wonder what this graph looks like adjusted for inflation.

jamesondaniels.bsky.social•35 days ago

Thankfully, the federal minimum wage has remained where it's been since 2009...$7.25!

nojustdan.bsky.social•35 days ago

Republicans want to lower it.

olympic52.bsky.social•35 days ago

Unless you want to keep people poor, what's to be thankful for about min wage at 7.25.

jamesondaniels.bsky.social•35 days ago

it's sarcasm

olympic52.bsky.social•35 days ago

ah, thanks. Wasn't sure.

physicsanddata.bsky.social•35 days ago

Is that adjusted for inflation ??

deus01.bsky.social•35 days ago

But they're mad Biden was too mean and it hurt their feelings

digruber.bsky.social•35 days ago

Shall we blame Biden for this?

Or shall we blame the corrupt Supreme Court and the corrupt Republicans in congress who stole the Supreme Court?

butters55.bsky.social•35 days ago

Kind of a shitty representation of the relevant info. Obviously, total wealth has increased. Need a better way to show the relative fraction held by each group. Current scale makes it hard to see how much that has really changed.

carlquintanilla.bsky.social•35 days ago

Try this

butters55.bsky.social•35 days ago

Thanks. I was thinking more a plot over the years of each "bracket"s fraction of total wealth. Something that makes it easy to track the disproportionate relative growth of the upper brackets. And thanks for your good work, by the way.