I’m willing to bet the 0 administration will keep redefining “wealthy “ until all of the middle class are considered “wealthy”. I wonder just how much 0 made the last 4 years and why he can afford a $40M home in Hawaii? Hmmm
He wont “own” a $40 million dollar house in Hawaii
Like everything else in his entitled life someone else bought it and will give it to him
He will live in that mansion via a lifetime low cost “lease” arrangement probably run through some sham trust, and all a tax deduction for everyone involved
In this case the buyer is obama handmaiden Penny Pritzker, heiress of Hyatt
Remind me why I would want to stay in a Hyatt hotel ever again
Now add federal tax increases
I know that as one of “the rich” targeted to be be dragged down, my ability to save anything in the future goes way down, I can only hope we don't have to eat and heat from what we have managed to save so far
so there goes investing or discretionary spending
Not that our economy and jobs depends on those things (sarc)