A New York Times analysis shows the stunning velocity at which the fortunes of the 1 percent have increased across the country since
President Trump first took office in 2017. The richest Americans saw their net worth soar 120 percent between 2017 and 2025, a colossal leap from the 45 percent growth they had seen over the previous nine years.
The number of U.S. billionaires jumped 50 percent by some estimates between 2017 and 2025, to more than 900 people.
The minting of dozens of new billionaires occurred in the immediate wake of the 2017 tax cuts championed by Mr. Trump at the beginning of his first term, the nation's biggest tax overhaul since 1986. The legislation, which slashed personal income taxes and doubled the estate tax exemption, was billed by Mr. Trump as "tax cuts for American families." But the Times analysis, backed up by a range of new studies, shows that it disproportionately benefited wealthier taxpayers.
Most important, it cut the corporate tax rate and laid the groundwork for a surge in stock prices
- creating a phenomenal accretion of wealth.
The coronavirus pandemic intensified the dynamic. Tech prices soared as employees geared up to work at home and inflation tripled, weighing on the middle class and devastating the poor.
While the rich have been getting richer at a fairly steady pace over the years, the analysis shows that the net worths of those who were already billionaires experienced a pronounced shift after the tax cuts were signed into law, growing by 49 percent over eight years.
This is what happens when money becomes speech: billionaires are so loud they drown out the rest of us — and it’s destroying our country. www.nytimes.com/2026/03/02/u...
05.03.2026 00:10 —
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Florence ICE detainee dead after untreated tooth infection, official says
An ICE detainee, who had been at a Florence detention center for four months, died Monday following an untreated tooth infection.
An ICE detainee in Arizona has died of a TOOTH INFECTION after it went untreated for weeks, a local official says. He was a Haitian asylum seeker imprisoned in Florence, Arizona. @emilybregel.bsky.social reports.
tucson.com/news/local/b...
04.03.2026 16:24 —
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Jeffries: "Article 1 of the Constitution provides Congress with the sole authority to declare war. Framers made that decision b/c they were concerned about kings plunging their people into unnecessary wars to pillage resources of others for the benefit of a tyrant and his family. Sound familiar?"
04.03.2026 21:06 —
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04.03.2026 19:03 —
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"It is fraud" -- Neguse nails Kristi Noem for lying during her testimony yesterday when she told the Senate that DHS's $220m ad campaign starring her "went out to a competitive bid" (it did not), and tells her "I think there's gonna be accountability" (1/2)
04.03.2026 18:03 —
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Ted Lieu to Kristi Noem: “I just showed you a video with ICE officers at a school drop-off location — your refusal to commit to stopping these operations at or near schools & drop-off locations is why you're failing — so I'm going to show you this video that encapsulates why you're failing”
04.03.2026 19:10 —
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I love this city lolol
04.03.2026 19:02 —
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Bro, ICE is still here kidnapping people, now they’ve even got transit vans advertising fake companies.
04.03.2026 04:14 —
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They cut Meals on Wheels for seniors, doctors for the VA, and food for American children - but send billions of taxpayer dollars to the Middle East for an unnecessary war of choice.
04.03.2026 03:50 —
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Luis and his Mom in Florida de Jalisco in Shakopee.
Thank you to @stephenrodrick.bsky.social at Rolling Stone for telling the human story of ICE in Shakopee with such compassion, integrity, and care.
archive.is/BBvVQ
04.03.2026 14:14 —
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A white Ford Transit van that is labeled "Midwest Plumbing". This is not a real company.
We saw an uptick in ICE activity today.
ICE continues to be spotted around the metro area - dining, driving, and hiding in between events.
Current vehicles on the short list include Black Chevrolet Tahoes, White or Silver Jeep Wagoneers, and White Ford Transit vans with fake branding.
04.03.2026 03:40 —
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Breaking: Arkansas Democrats just flipped a Republican seat
It's the ninth red-to-blue pickup in a special election in Trump's second term
JUST IN: Democrat Alex Holladay has flipped a GOP-held seat in *Arkansas*.
Republican Gov. Sarah Huckabee Sanders tried hard to delay this race and wanted the seat to stay vacant for 8+ months, but the courts told her to hold it today. If she was worried, she was right to be.
Our full recap:
04.03.2026 03:41 —
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I voted in Dallas County today. The texas.gov site wouldn't tell me where to go, so I went to where I voted in the '24 presidential election. They said I was at the wrong place, and gave me the address I needed to go to. That place then informed me I had to go somewhere else.
04.03.2026 01:02 —
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“In order to connect with young men in America, we need to support those systems most effective as taking their money.”
03.03.2026 23:48 —
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NEW: the texas state Supreme Court just temporarily BLOCKED a lower court judges ruling extending polling hours in Dallas County. Any votes cast by people not in line by 7 PM will have their votes set aside pending the outcome of the litigation.
04.03.2026 02:57 —
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Watching Republicans test-run straight up election rigging in Texas is honestly astonishing. I know we’re not surprised, but it’s so brazen it’s shocking
04.03.2026 02:56 —
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No amount of regret can reunite families, save children from indefinite detention, or make our communities whole again.
www.huffpost.com/entry/latest...
03.03.2026 22:59 —
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When we talk about Baby Boomers not getting off the stage: In 1997, the US president was born in 1946.
In 2007, the US president was born in 1946.
In 2017, the US president was born in 1946.
And next year in 2027? The US president will have been born in 1946.
03.03.2026 20:10 —
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video taken in downtown minneapolis today of reported bounty hunters PULLING A GUN on someone standing in the road in front of city hall. (business on the van is fake.) hennepin county sheriff’s deputies were right behind and did nothing
video by government employee who saw it on their lunch break
03.03.2026 23:20 —
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picture of the side of Trump's head
zoom in on the new makeup spot
Trump used a coating of makeup today to cover up the rash (or whatever it is) that was so apparent yesterday behind his ear
(Win McNamee/Getty)
04.03.2026 00:09 —
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Like I said, brand new rage 😡
03.03.2026 23:56 —
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😕🤷🏼
03.03.2026 18:53 —
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Man, just straight up theft.
03.03.2026 18:40 —
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Ossoff: "The president owes Americans a real explanation. 2am posts on Truth Social just aren't good enough when you're sending Americans into combat. He was dancing at his beach club the same night he ordered air crews to launch into combat & hours before our service members endured missile salvos"
03.03.2026 03:16 —
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“They came to my house to try to scare me, I invited them in for lunch.”
Two weeks ago, I shared that ICE boxed me in outside my house.
What I DIDN’T share was that I had New York Times reporter Charles Homans and his photographer with me in the car!
02.03.2026 23:37 —
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Oh well that clears it up
02.03.2026 23:38 —
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