Americans' net worth on the Bloomberg Billionaires Index has increased 45% since the beginning of 2020 so far.
The index showed that the fortunes of the 169 American billionaires on the list amounted to about $3.5 trillion, more than the bottom half of Americans combined.
And America's rich breathed a sigh of relief, after US Senator Joe Manchin opposed a $1.75 trillion social spending bill.
This comes at a time when opposition to the law is an opportunity for the richest Americans to escape any tax increase, saving the top 0.1% of Americans hundreds of billions of dollars over the next decade.< /p>
Despite this huge wealth and great disparity, the rich Americans were in a hurry to complete transactions before the end of the year, trying to stabilize the current prices and enjoy the loopholes, according to (Al Arabiya.net). ).
For example, American billionaires have been selling shares at more than twice the rate recorded last year, ensuring that those sales are not subject to the proposed additional tax, a 5% tax on income over $10 million, and an additional 3% tax on those with annual income over $25 million.
