The Rich Keep Getting Richer, Now Worth $37.2 Trillion
According to a new report released this week, the world's richest people are getting even richer. Their combined wealth surged last year to $37.2 trillion dollars
2007-06-30 08:14:56 · 11 answers · asked by GREAT_AMERICAN 1 in Politics & Government ➔ Politics
"website fails to state that lower and middle-class income has also increased at the same pace"
I don't know, maybe because that's NOT TRUE?
Not to mention the fact that the buying power of the dollar has gone down.
2007-06-30 08:19:17 · answer #1 · answered by Frank 6 · 3⤊ 2⤋
Actually the middle class is shrinking and being pushed to lower income bracket. More and more of the worlds wealth is ending up in the hands of the few. There are only 8.5 million people who have a million or more dollars in the world.
2007-06-30 08:21:29 · answer #2 · answered by trigunmarksman 6 · 3⤊ 0⤋
I've gone to the Census website that tracks historical household income.
The poor and middle class are not getting rich at the same pace. However they are not trailing that badly, and they are in fact making very real gains over time.
It's all about liberal politicians trying to incite class warfare so you'll vote for them, by making it seem the rich are somehow taking our wealth unfairly.
The rich do not take their wealth unfairly, they create wealth by supplying valuable goods and services to us all. They just happen to be better at creating wealth than most of us.
2007-07-01 18:35:46 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
The middle class is shrinking under this administration, while the rich keep more wealth than at any other time in our history.
This is common knowledge that can be found anywhere.
In otherwords, the rich class is growing, the poor class is growing and the middle class is disappearing.
2007-06-30 08:24:13 · answer #4 · answered by Stan 6 · 3⤊ 0⤋
As a middle class person I have less buying power, more taxes and not much more is pay than in the 1990s. I believe I am very typical of the average citizen.
2007-06-30 08:26:17 · answer #5 · answered by Anonymous · 2⤊ 0⤋
So has inflation and the sweet slide of the US$$$. Give it a few more years and you can use it as wallpaper..... when the world will not accept the US$ as trading currency anymore. I would not touch the $$$!
2007-06-30 08:27:21 · answer #6 · answered by Anonymous · 1⤊ 0⤋
And that wealth is spread across what percentage of Americans? How come so many Americans can't afford health care if they are all so wealthy?
2007-06-30 08:19:32 · answer #7 · answered by Anonymous · 2⤊ 0⤋
Well my income sure has not increased where in the hell is my money. I can barley support my self, no health insurance, no house no nothing the American dream is dead for me.
2007-06-30 08:34:41 · answer #8 · answered by hexa 6 · 2⤊ 0⤋
Remember when libs were here all the time complaining about the "Bush economy?" Now they'll tell you a president doesn't have much to do with the strength of the economy ...
2007-06-30 08:19:55 · answer #9 · answered by Anonymous · 3⤊ 4⤋
What's your point? And what is your source?
2007-06-30 08:28:07 · answer #10 · answered by Anonymous · 2⤊ 0⤋