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.
Never before, at least not in the lifetime of any American now living, have so few made so much at the expense of so many. A look at just-released IRS data at the staggeringly high incomes of our top 400.
By nearly every measure, average Americans lost ground in the ‘Aughts.’ They’ve been losing ground — to the rich — for three full decades now. Will the ‘Teens’ make that four?
Who deserves to sit on this year’s list of our most avaricious? We could pick ten eminently deserving greedy straight from any big bank on Wall Street. But why spoil all the fun?
An average American family would have to work thousands of years to amass a billion-dollar fortune. America’s super rich, the new data on our richest 400 make clear, can lose a billion and barely notice.