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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:07 AM
Original message
Billionaires, up 15 % from a year ago..
There are now 793 billionaires in the world. Gap between Rich and Poor is widening. Wages are stagnant, and the middle class is shouldering a larger tax burden. Prices for health care, housing, tuition, gas and food have soared for the working class.

Will the growing gap between the haves and have-nots ever stop?
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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:10 AM
Response to Original message
1. Bushie's doing a hell of a job, huh?
And here we thought he was a failure...
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corporate_mike Donating Member (812 posts) Send PM | Profile | Ignore Sat Mar-11-06 11:22 PM
Response to Reply #1
12. most new billionaires are Russian :)
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:12 AM
Response to Original message
2. Well, I see how the math works.
The interest of 800 billionaires overrides the interests of 6 billion people.
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:18 AM
Response to Original message
3. A billion today doesn't buy what a billion 15 years ago would
If you consider the effects of inflation PLUS the increase in population, it should be no surprise that there are twice as many billionaires today.

Gap between Rich and Poor is widening.

I believe that is true, but to use this particular statistic to support it would require using constant dollars and the number of billionaires per unit of population. The raw number of billionaires really doesn't prove anything.

Wages are stagnant, and the middle class is shouldering a larger tax burden. Prices for health care, housing, tuition, gas and food have soared for the working class.

As a member of the working class I have to agree that it seems so.
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rman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:22 AM
Response to Reply #3
5. nor does a minimum or middle class wage buy what it would 15 years ago.
Inflation affects low and middle incomes to, you know.
Don't make it sound as though the rich are poor.
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 10:18 AM
Response to Reply #5
10. I don't know how you got that out of what I wrote
Don't make it sound as though the rich are poor.

Maybe you should try reading my post again.
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:20 AM
Response to Original message
4. Didn't you just love the coverage of this factoid?
Anchors drooling over those megagazilionaires.. making it sound like, with their numbers increasing like that, it was just a matter of time until YOU TOO will be among their exalted ranks.
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:34 AM
Response to Reply #4
7. I came to the realization years ago that pulling yourself up by the
bootstraps is impossible! A person can't literally "pull themselves up by the bootstraps" it's impossible!!
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 09:00 AM
Response to Reply #4
9. notice they don't cover the count of the poverty-class as closely
imagine this:

"today, the ranks of billionaires swelled 15% to 793.
and, in a related story, the ranks of the penniless swelled 16% from 26,456,206 to 30,689,199."

now THAT would be one (very) small step closer to fair and balanced....
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bridgit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 08:29 AM
Response to Original message
6. 793 oligarchic billionaires out of 6 bil people on the planet!?!?
that's allot, you'd think the Illuminati would have cornered the world's resources by now into a mere handful of family names & crony portfoilios...what a bunch of slackers x(
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Jayhawk Lib Donating Member (587 posts) Send PM | Profile | Ignore Sat Mar-11-06 08:43 AM
Response to Original message
8. I once heard it said but do not entirely agree
Why the rich get richer and the poor get poorer....

They keep doing the same thing over and over again.
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 09:57 PM
Response to Reply #8
11. It's true, they keep screwing over the working class..
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-11-06 11:24 PM
Response to Original message
13. and average income per household, down.
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Raine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-12-06 04:15 AM
Response to Original message
14. This is TERRIFIC for all of us
cause a "rising tide lifts all boats" :sarcasm: that's what Raygun always said so it must be true. :eyes: :puke:
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sutz12 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-12-06 04:19 AM
Response to Reply #14
15. And of course.....
one of the 'good' stats of the Reagan administration was how many millionaires were created.
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tom_paine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-12-06 04:19 AM
Response to Original message
16. Civil War or Slavery, that is likely the only two choices our children
and grandchildren will have.

And they will curse our fucking names for "bequeathing" that future to them.
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-12-06 01:24 PM
Response to Reply #16
17. The future looks dismal for the working class...
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SmokingJacket Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-12-06 01:26 PM
Response to Original message
18. A billion is too much money for one person.
Period.
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