I expected the wealthy would do well under Donald Trump, but not as grotesquely well as those of us in the top 1% have done. From the day Trump won in 2016 to the day he lost in 2020, the stock markets were up at least $12.7 trillion, which means that the top 1% of the 128.5 million US households — the 1.28 million that own 51% of the stock market — could each have gotten richer by an average of around $5 million.
I expected the wealthy would do well under Donald Trump, but not as grotesquely well as those of us in the top 1% have done. From the day Trump won in 2016 to the day he lost in 2020, the stock markets were up at least $12.7 trillion, which means that the top 1% of the 128.5 million US households — the 1.28 million that own 51% of the stock market — could each have gotten richer by an average of around $5 million.
