the bottom 50% of the wage earners holds approximately 2.5% of all wealth in the US.
https://www.counterpunch.org/2025/02/20/the-new-plutocracy/
The richest thirty Americans have as much wealth as the bottom 50%.
so 30 peoples' wealth = 170,000,000 peoples' wealth. So when you include children it's
easily the thirty wealthiest are worth more than 200 million plus individuals.
David Schultz is a professor of political science at Hamline University.
https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/
And they are likely to come with tax cuts to rich people, whose spending will largely offset the economic (not the human) impact of cuts to programs like Medicaid and SNAP.
https://www.counterpunch.org/2025/02/20/354884/
The Walton family's collective net worth declined by more than $20 billion Thursday.
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