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Wealthy individuals like Musk and Bezos increased their fortunes after Trump's election victory.
Wealthy individuals, such as Elon Musk and Jeff Bezos, saw a significant increase in their fortunes following Donald Trump's election victory. This period was marked by a series of economic policies that favored the affluent, including tax cuts for high earners and corporations. For instance, the Tax Cuts and Jobs Act of 2017 played a crucial role in boosting the wealth of billionaires. As the stock market surged, largely due to deregulation and tax incentives, these entrepreneurs saw their investments and companies grow exponentially. Musk's Tesla experienced a remarkable rise in stock value, while Bezos' Amazon continued to dominate the e-commerce sector. This era highlighted the widening gap between the wealthy elite and the average citizen, sparking debates on income inequality.
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