It seems we are now entering a new phase of the rise of inequality in the US.
It's not just wealth and billionaires — it's a broader acceleration.
Here's who benefited from economic growth in 2025, according to the latest estimates available on realtimeinequality.org
Gabriel Zucman
The very fast growth at the top is linked to the explosion of corporate profits, now at an all time high relative to GDP.
Gabriel Zucman
Saez and @gabrielzucman.bsky.social on the CA billionaire tax
250 households (0.001% of the state) holds wealth equal to more than half of California’s entire annual economic output
Their wealth grows 15% a year and is taxed at just 0.26% per year
www.nytimes.com/interactive/...
Silicon Valley’s growth over recent decades has made California rich — and one of the most unequal places in America.
High profits (and expectation of future profits) are pushing top wealth shares past their Covid peak, to levels not seen since the early 20th century.
Here's the top 0.1% wealth share.
