Billionaires No Longer Rich Enough To Make Forbes List

[Hissyspit]

http://thinkprogress.org/2007/09/21/billionaires-no-longer-rich-enough-to-make-forbes-list

Billionaires no longer rich enough to make Forbes list.

For the first time, $1 billion isn’t enough to land someone on Forbes’ list of the 400 richest Americans. Forbes associated editor Matthew Miller said that there “are 82 American billionaires who do not make the Forbes 400 this year.” Income inequality has grown dramatically in recent years, “with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928.”

From Comments section:

2. “with the top 1 percent of Americans…receiving their largest share of national income since 1928″

Yes, the rich certainly got richer during the 1920’s, and I suppose 1928 was the zenith year. Of course, we all know what happened in 1929.

3. What a shit-hole of a country we’re turning into!

[Skink]

1. If all those Billionaires paid the same tax rate into Social Security..

as those of us making less than 97000 a year...

[american_typeculture]

2. See? The economy is running along splendidly.

More caviar?

[Javaman]

3. Well I think the term "billionaire" is a relative term considering that

the dollar is now on par with the the Canadian dollar and it now worth $1.40 in euros.

so what is a billionaire? perhaps it's just a millionaire pumped up on a fiat dollar.

at the rate of inflation, we will all be billionaires soon.

[lpbk2713]

4. Yet another victory in the BushCo war on the middle class.

The rich get richer and the poor get shafted.

[Hissyspit]

5. .

[girl gone mad]

6. You'd think Paul Allen could afford..

to buy some Crest White Stips. Yikes.