[ad_1]
According to the information compiled by the news portal “Huffingtonpost”, it was claimed that prominent American billionaires in the country doubled their assets in the last 6 months.
“No one has benefited as much from Kovid-19 as the American billionaires.” Examples of famous billionaires who increased their wealth were given in the reviewed article.
It was noted that Jeff Bezos, the founding CEO of Amazon, added $ 73 billion to his wealth, which was $ 113 billion in early 2020, during the epidemic.
Tesla senior manager Elon Musk was claimed to have increased his fortune from $ 25 billion to $ 92 billion in this process, while former New York Mayor Michael Bloomberg and Koch Industries owner Charles Koch were noted , they also got rich by roughly $ 7 billion.
Facebook’s founding CEO Mark Zuckerberg is claimed to have added another $ 46 billion to his fortune of around $ 54 billion since the beginning of the year.
The Effect of “Stock Market and Tax Rates” on Billionaires’ Wealth Growth
In the news, it was emphasized that companies like Amazon, Facebook, Google, Tesla and Microsoft have increased their direct profit rates due to people closing their homes due to the virus, and it was underscored that many billionaires got rich off the stock market. , despite the decline of the economy in the epidemic.
It was noted that inequality in income distribution increased during the epidemic process, and it was noted that changes in tax laws and the fact that billionaires paid nearly 80 percent less taxes since the 1980s were also a factor. important factor.
One of the main differences between Trump and Biden is the “tax.”
Amazon’s failure to pay federal taxes in 2017 and 2018 was previously reported in the press, and in this context, the new tax law introduced by US President Donald Trump after taking office was seriously criticized.
The issue of taxing the rich more is one of the main differences between Trump and his rival, Democratic Party candidate Joe Biden, ahead of the November 3 presidential election.
As Trump advocates lower taxes for the wealthy, Biden promises to raise tax rates for households with an annual income of 400,000 or more.
