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"Yesterday Arian Campo-Flores of the Wall Street Journal reported that the net worth of the top 0.1% of households in the U.S. reached $23.3 trillion this year, while the bottom 50% hold $4.2 trillion."
~ Heather Cox Richardson
#EconomicElites #wealth #EconomicDisparity #WealthDistribution #SuperRich #GildedAge
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https://heathercoxrichardson.substack.com/p/november-16-2025-190
Paul Krugman features two headlines from a little more than a week apart re: the (empty) threats of the super-rich to leave New York City if Mamdani won the election:
"The reaction of plutocrats to the Mamdani campaign — histrionic freakout before the election, with promises to flee the city if he won, followed by a big 'never mind' when he did — can teach us a couple of things."
#EconomicElites #Mamdani #wealth #EconomicDisparity #SuperRich #GildedAge
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https://paulkrugman.substack.com/p/the-plutocrats-who-cried-commie
