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Technology & Innovation

America’s Super-Rich

“The 400 richest Americans are worth almost $1.4 trillion, while record numbers join the poverty rolls and Democrats punt the tax-cut vote.” Robert Reich on wealth disparity.

“The super-rich got even wealthier this year, and yet most of them are paying even fewer taxes to support the education, job training, and job creation of the rest of us. According to Forbes magazine’s annual survey, just released, the combined net worth of the 400 richest Americans climbed 8% this year, to $1.37 trillion. Wealth rose for 217 members of the list, while 85 saw a decline. … The rest of America got poorer, of course. The number in poverty rose to a post-war high. The median wage continues to deteriorate. And some 20 million Americans don’t have work.”


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