Cancel Billionaires
Wealth inequality hurts society.
Nineteen new names were added last week to the Forbes 400, a ranking of America’s richest of the rich, a list including entrepreneurs, executives, financiers, and inheritors. The two richest people, Amazon’s Jeff Bezos and Microsoft’s Bill Gates, are now each worth more than $100 billion.
This is the exaggerated edge of an exaggerated trend. Even with today’s promising , the gap between the rich and the poor is now the biggest it has been in , and the 400 richest Americans have tripled their share of overall wealth in the . Given those dynamics, some Democrats argue that the United States should start taxing wealth, among them Senators Bernie Sanders and Elizabeth Warren, and Representative Alexandria Ocasio-Cortez.
