According to the Bloomberg Billionaires Index, the rich are getting much, much richer -- even before the tax cuts.
The Index reported that the world's 500 wealthiest people -- with Amazon's Jeff Bezos at the top of the list -- added over four times as much wealth as they gained last year. Bezos himself ended up with $34.2 billion more, increasing his total to $100 billion net worth.
The collective wealth of the 500 on the Bloomberg Index is more than the gross domestic product of Japan or of Germany or of France and the U.K. combined. Experts are predicting that 2018 will be even better for super-rich folks: a real “boom time for billionaires," with individual wealth reaching an all time high.
These are the people who really really needed those tax cuts, huh?
Ralph
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