Total Billionaire Wealth Is Up 160% Since First Trump Tax Law; Proposed New Levy Would Finally Tax Unrealized Gains of the Wealthiest American billionaires reached a record breaking $7.6 trillion of personal wealth as of Labor Day 2025, up $4.7 trillion (or 160%) in the less than eight years since the first Trump-GOP tax law …
It’s so interesting seeing the whole list. Most of these guys are around the same age and were the survivors of the dot com bubble. It really speaks to how economically inefficient things have become when one relatively isolated event in a particular (and at the time narrow) industry created a distinct economic class that now just arbitrarily runs the country despite being extremely detached from it.
It feels a bit like the “paperclipping” AI doomsday scenario but instead of paperclips the tech oligarchs only understand tech and are just mindlessly trying to use all of the nations resources to make more tech companies.
I have heard the idea that we already have AGI (and all the dangers that come with it) in the form of corporations. And corporation that has a billionaire in complete control of the goal and direction of a company would be very similar, expressing one public side goal but actually having a different one in mind.
It’s so interesting seeing the whole list. Most of these guys are around the same age and were the survivors of the dot com bubble. It really speaks to how economically inefficient things have become when one relatively isolated event in a particular (and at the time narrow) industry created a distinct economic class that now just arbitrarily runs the country despite being extremely detached from it.
It feels a bit like the “paperclipping” AI doomsday scenario but instead of paperclips the tech oligarchs only understand tech and are just mindlessly trying to use all of the nations resources to make more tech companies.
I have heard the idea that we already have AGI (and all the dangers that come with it) in the form of corporations. And corporation that has a billionaire in complete control of the goal and direction of a company would be very similar, expressing one public side goal but actually having a different one in mind.