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This analysis examines the shift in American wealth inequality from the Great Compression to the Great Divergence, highlighting the role of policy changes and corporate influence.
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The Obscene Wealth Issue4How Much Do You Know About Wealth and Inequality in America?5How the Billionaires Took Over6Donald Trumpβs Dirty Self-Dealing: The Audacity of His Rapacity View All I.A Parliament of BillionairesDonald Trump is Americaβs first billionaire president. He entered the White House in 2017 with a net worth of $3.7 billion, according to Forbes, and in 2025 with a net worth of $5.2 billion. Trumpβs habitat, unlike yours or mine, is crowded with billionaires. His primary residence outside the White House is in Palm Beach, home to 68 billionaires, including the financiers Stephen Schwarzman and Ken Griffin, whoβjust those twoβspent a combined $144.2 million to elect Trump and other Republicans in 2024.For his second term, Trump brought eight fellow billionaires into his administration, including βspecial government employeeβ Elon Musk, who is the richest person in the world (net worth as of May 28: $431 billion); Commerce Secretary Howard Lutnick ($3 billion); Educatio...
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