America’s super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam.
They came, they saw, they took it all. Welcome to the world where thieves have no honor and those most honored — with lavish rewards — hone their talents hammering the rest of us.
How much does inequality cost us? The United States holds far more wealth than any other nation in the world. Yet average people in 11 other countries, says landmark new UN research, are enjoying a higher standard of living than Americans.
Despite our current global economic hard times, says a new study from banking giant Credit Suisse, the world has more than enough wealth to ensure every adult on it a significant personal net-worth nest egg.
A modest tax on all U.S. personal fortunes over $1 billion could raise more than enough revenue from the Forbes 400 alone to erase the combined budget shortfalls of every state in the nation.
New data — for 2008 — have revealed a shrinking gap between the rich and the rest of us. But the nation’s top high-income tracker isn’t celebrating. And neither should we.
The Great Recession, new research shows, has left wealth in the United States even more concentrated at America’s economic summit.
The world’s super-duper rich, in the new Forbes magazine count, total just over 1,000 — and hold more wealth than half of humanity.