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Ultrawealthy Americans Are Scrambling To Get Ahead Of Biden’s Planned Tax Hikes Wealth advisers to the 1% say there’s sheer panic: “Sometimes people don’t realize how much money they’ve accumulated until they’re about to lose it.” Illustration: Damon Dahlen/HuffPost; Photos: Getty For the 1%, 2020 was a year of gangbusters growth. Now, the ultrarich are scrambling to hang onto their fortunes. In his 50-odd years as an appraiser of gems and fine jewelry, Warren Morss has laid eyes on some dazzling pieces. There was the eye-popping, 17-carat diamond, and the pair of diamond earrings weighing 4 carats apiece, roughly the same as Hailey Bieber’s engagement ring. There was the emerald necklace boasting not one big pendant, but large-cut stones all the way around the collar and more emeralds dripping down the front. (“Really too much in my opinion,” he said decorously.)

Rhode islandUnited statesDonald trumpJennifer davisBarack obamaWarren morssRoger durkinJoe bidenGerald schreiberSandra tropperHailey bieberJoseph marionMichael salvadoreKevin olearyExchange commissionBiden treasury department