America's billionaire boom: How tax cuts and policy fueled a new plutocracy
By
Katie Benner, Steven Rich
Underproofed. Dense without being substantial.
Summary
The article examines the unprecedented growth of America's billionaire class, fueled by Trump-era tax cuts and policies favoring the wealthy. It highlights the increasing economic and political power concentrated among a few hundred families, posing a central question about the future of American democracy and society. The effects are particularly visible in Teton County, Wyoming, especially around Jackson Hole, where billionaire wealth has transformed the local landscape.
Key quotes
· 5 pulledThe billionaire class has never been bigger.
Supercharged by Trump-era tax cuts and other policies that favor the rich, America's wealthy minority has more power over the country than at any time in the last century.
Will it allow several hundred families to continue to amass economic control and political influence?
And what will the country look like as it becomes increasingly shaped by the needs and beliefs of its top 1 percent?
Nowhere is the dilemma more pronounced than in Teton County, Wyo., the area around Jackson.
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