DeliveryBoy
Active Member
https://money.cnn.com/2010/09/22/ne...campaign=Feed: rss/money_latest (Latest News)
I can't really wrap my head around this. I can't fathom that 400 people could own the equivalent of the 11th largest economy in the world. The idea just does not fit in my head. And 2/3 of those people did much better this year. And that less than 2 years after they destroyed trillions of dollars of wealth over a few days, the financial sector comprises 1/4 of that list.
All I know is that if these people get their highest income tax bracket raised by 4%, the rest of the country will suffer an economic calamity.
The super-rich got even wealthier this year, despite the stumbling economy.
Forbes magazine released its annual list of the 400 richest Americans on Wednesday, and their combined net worth climbed 8% this year, to $1.37 trillion. Wealth rose for 217 members of the list, while 85 saw a decline...
...Despite the recession, finance and investment industries continued to dominate the list; 55 members are from the finance industry, while 54 are from the investments sector.
I can't really wrap my head around this. I can't fathom that 400 people could own the equivalent of the 11th largest economy in the world. The idea just does not fit in my head. And 2/3 of those people did much better this year. And that less than 2 years after they destroyed trillions of dollars of wealth over a few days, the financial sector comprises 1/4 of that list.
All I know is that if these people get their highest income tax bracket raised by 4%, the rest of the country will suffer an economic calamity.