United States | News & Politics

Today, Americans for Tax Fairness released a new report detailing key beneficiaries of the Trump tax policies: billionaire nepo babies. Alongside cheeky profiles of inheritors wasting family fortunes on failed vanity businesses, medieval church purchases, lifestyle brands, private jets, and more, the report examines the startling realities of billionaire wealth growth. Example: 30 of the largest billionaire dynasties have seen their fortunes swell by 54% over the past nine years, while the wealth gap between the top 0.01% and bottom 90% has reached its highest level since the Great Depression.