Skip to main content

Joe Biden's America: Wealthiest 1% Set Record With $44 Trillion Total Net Worth

 The wealthiest one percent in President Joe Biden's America set a record with a net worth of $44 trillion at the end of the fourth quarter, U.S. Federal Reserve data revealed.

Biden casts his administration as opposed to the widening wealth gap, even though a majority of Americans still live paycheck to paycheck, a recent LendingClub study found, raising concerns that so-called "Bidenomics" failed to help average Americans.

The total net worth of the top 1%, defined by the Fed as those with wealth over $11 million, increased by $2 trillion in the fourth quarter.

The value of corporate equities and mutual fund shares held by the top 1% surged to $19.7 trillion from $17.65 trillion the previous quarter.

While their real estate values went up slightly, the value of their privately held businesses declined, essentially canceling out all other gains outside of stocks.

The quarterly gain marked the latest addition to an unprecedented wealth boom that began in 2020 with the Covid-19 pandemic market surge.

Since 2020, the wealth of the top 1% has increased by nearly $15 trillion, or 49%. Middle-class Americans have also seen a rising wealth tide, with the middle 50% to 90% of Americans seeing their wealth increase 50%. A U.S. Federal Reserve chart shows the wealth of the top one percent in America.

https://www.breitbart.com/politics/2024/03/29/joe-bidens-america-wealthiest-1-set-record-44-trillion-total-net-worth/ 

Comments

Post a Comment

Popular posts from this blog

Fauci Files Reveal Pfizer Helped Biden Rig 2020 Election

 Pfizer secretly colluded with Joe Biden's team to help him rig the 2020 election against Trump, according to new Fauci documents. In his new book, "On Call," Fauci admits that Albert Bourla, the CEO of Pfizer, called him the night after Biden was declared the winner of the election, to inform him of Pfizer's "Game-changing results" from the rigged mRNA trial. "On November 7, after the absentee ballots were counted, Joe Biden was declared the winner of the presidential election. It was the very next night that Albert Bourla, Pfizer's CEO, called me away from my neighbors' fire pit to inform me about the game-changing results from the Pfizer mRNA vaccine trial. I finally thought we had truly turned a corner in defeating this terrible disease." Today reports: In another interesting tidbit, Fauci discusses Trump's FDA Commissioner Stephen Hahn declaring that he would not go along with the Trump Administration's plan to roll out the vac...
Post a Comment
Read more

FDA & U.S. Postal Service Linked to Black Market Abortion Pill Cartels.

 Mexico-based drug cartels facilitating an increase in unauthorized, self-conducted abortions in the United States continue unimpeded partly due to insufficient regulation by the Food and Drug Administration and the United States Postal Service, according to a report by the American Life League. Katie Brown, ALL's national director, criticizes the FDA and USPS for failing to adequately regulate the distribution and screening of abortion-inducing drugs like Mifepristone and Misoprostol. Subscribe here The report, titled Beneath the Surface: Exposing the Abortion Pill Drug Cartel, highlights the operations of Las Libres, a Mexico-based organization that advocates for universal abortion access. It promotes the distribution of abortion pills through online networks, reaching women and girls across the U.S., often sending the drugs via USPS. RISKS. ALL emphasizes that these pills frequently come from unregulated sources, heightening the risks of additional harmful substances being prese...
Post a Comment
Read more

New York Times Updates Article That Claimed ‘Conspiracy Theory’ Against Election Software Company After

  Los Angeles DA announces charges against Konnech CEO for allegedly stealing and storing election worker data on servers in China Stuart A. Thompson, a New York Times reporter, wrote a story on Oct. 3 claiming that an election integrity group, True the Vote, and others had "threadbare evidence" against the company The only evidence backing Thompson’s claims was statements from the CEO and the chair of the election board in DeKalb County, Georgia Another county, in Virginia, has already halted its use of the software Gascon, a Democrat, alleged that the company stole the personal identifying information of Los Angeles County election workers https://www.theepochtimes.com/new-york-times-updates-article-that-claimed-conspiracy-theory-against-election-software-company-after-charges-announced_4787036.html
Post a Comment
Read more