Daniel Dale

@ddale8 ↗

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Last Checked Sept. 22, 2021

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Wed Mar 31 21:01:44 +0000 2021

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Daniel Dale @ddale8

Biden was correct, per Fed, about top 1% gaining $4T in wealth during the pandemic -- went from $34.6T in Q2 2020 to $38.6T in Q4 2020, a 12% gain. Wealth of the bottom 50% also rose, from $2.09T to $2.49T -- 19%. (Obviously: the absolute numbers, not just %, matter here.) — PolitiTweet.org

Posted March 31, 2021 Hibernated

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Daniel Dale @ddale8

Biden says again that in Trump tax cuts, "83% of the money went to the top 1%." That's a think tank projection of what would happen in 2027 if its individual cuts expired after 2025 as scheduled, not what has happened already; estimate is top 1% got 21% in 2018, get 25% in 2025. — PolitiTweet.org

Posted March 31, 2021 Hibernated

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Daniel Dale @ddale8

@FuriousBrad The 50% to 90% group went from $32.74T to $34.81T, a 6% increase — PolitiTweet.org

Posted March 31, 2021 Hibernated