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U.S. Billionaire Bonanza 2017: 3 Men Now Own More Wealth Than the Bottom Half of the Country Combined


Society & Culture  (tags: inequality, Jeff Bezos, Bill Gates, Warren Buffett, staggering statistic, income gap )

Sheryl
- 310 days ago - alternet.org
Jeff Bezos, Bill Gates and Warren Buffett are the super-rich guys. Anyone tracking the growing concentration of wealth can tell you the rich are getting richer.



   

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Comments

Sheryl G (360)
Tuesday November 14, 2017, 6:25 am
This report comes as Congress considers passing the Trump tax cuts, a plan that would surely increase the wealth divide. It also comes in the wake of the Paradise Papers, a sensational story showcasing the pervasive impact of offshore tax shelters on the country’s wealthiest households and corporations.

We know for sure that the numbers we publish in our report understate the wealth of those at the top since money hiding in tax shelters is, by its nature, hidden. We’re hopeful that this report can serve to provide a deeper understanding of wealth inequality in the United States today and inspire activists, academics, lawmakers, and citizens to work for change.
 

Winn A (179)
Tuesday November 14, 2017, 6:39 am
tRUMPs tax plan is no plan to help the middle class . . . . . . . . .
 

Jonathan Harper (0)
Tuesday November 14, 2017, 7:16 am
Noted!!
 

Leo C (315)
Tuesday November 14, 2017, 8:11 am
Thank you for sharing!
 

Sue H (7)
Tuesday November 14, 2017, 9:11 am
:(
 

Darren Woolsey (218)
Tuesday November 14, 2017, 9:41 am
Shared news article and analysis over social media to raise and spread awareness, and if this doesn't pique more than a few, it'll be an indication of how conditioned we are into acceptance of a gross inequality.
 

Mandi T (367)
Tuesday November 14, 2017, 12:10 pm
And they will get the tax cuts not the working class citizens . :-(
 

Animae C (506)
Tuesday November 14, 2017, 7:11 pm
SICKENING!!!!
 

Danuta W (1251)
Wednesday November 15, 2017, 5:32 am
noted
 

Raleighaway k (356)
Thursday November 16, 2017, 2:47 am
TYFS, Sheryl
 

Roberto MARINI (88)
Thursday November 16, 2017, 8:42 am
thank you dandelion for this post
 

TOM T (248)
Thursday November 16, 2017, 9:25 am
Truly UNBELIEVABLE !! !
SCARY STUFF !
WTF !
 

Eric Lees (6)
Thursday November 16, 2017, 11:15 am
Nothing new. Yet those are just the visible wealthy that got rich by working hard in the market. The real elites do not show up on Forbes richest list. They are the ones that hold the power, run the world's governments and central banks.


Yes Winn & Mandi, we need real tax reform and the GOP plan is just tweaks however major to a broken tax code. We should unite and push for a real progressive tax code like the FairTax.
 

Janet B (0)
Thursday November 16, 2017, 8:28 pm
Thanks
 

Roberto MARINI (88)
Friday November 17, 2017, 10:08 am
thanks for sharing
 

Freya H (358)
Friday November 17, 2017, 1:22 pm
Don't take this lying down. Grab the torches and pitchforks - figuratively, that is. Make sure you are registered to vote, make sure all your Progressive kith and kin are registered, then get your buns to the polls. This present election cycle, ending in November of 2018, is probably the last chance to turn this country around and restore the voice of Hoi Polloi in Washington - at least by peaceful means.
 

Spy Kat (224)
Friday November 17, 2017, 4:06 pm
so noted------what freya said X100-------WE RESIST
 

David C (111)
Friday November 17, 2017, 6:15 pm
thanks, not surprised
 

Peggy B (43)
Saturday November 18, 2017, 8:12 am
TYFS
 

Margie FOURIE (148)
Sunday November 19, 2017, 12:29 am
Were they not clever enough and worked hard for their money. Let them be.
 

. (0)
Sunday November 19, 2017, 3:45 am
Amazing👌👌
 

Roberto MARINI (88)
Sunday November 19, 2017, 8:15 am
thank you for this interesting post Dandelion
 

Winn A (179)
Sunday November 19, 2017, 1:20 pm
Noted
 

Janet B (0)
Sunday November 19, 2017, 7:23 pm
Thanks
 

Donna G (42)
Monday November 20, 2017, 3:23 pm
I'm not so sure why anybody has to be that rich. Even if I bought a winning lottery ticket and got millions of dollars in prize money, I wouldn't want it. I only need enough to meet my monthly expenses. But, first, I think I would pay off my ex's student loan debt. Since we live in Washington, and divorced more than ten years ago, close to 15 or 16 years, we were still married when he got his student loans. Washington state is a community property state, which means it is also a community debt state. I will never be able to pay the debt. My own student loan which I acquired about 10 years ago, well after we were divorced, was discharged due to disability. I would give money to the local animal rescues and the friends of the shelter group. Okay, maybe it would be nice to be a homeowner; but, never having been one, I'm not sure. Also, if I could get a house, it would not need to be a huge one, like Bill Gates mansion, 66,000 sq. ft. in Medina, WA. He calls it Xanadu 2.0. If you have read Citizen Kane, you might know the name Xanadu.

The wealthy should be paying more in taxes. They surely can afford it.
 

. (0)
Monday November 20, 2017, 5:06 pm
Money makes money, why this continues to surprise people is a mystery to me. These people all donate a great deal of money for the common good, and it is their money to do with as they like regardless of how the rest of us might spend it. My life is no worse off because there are super rich people in the world.
 

Janet B (0)
Monday November 20, 2017, 8:04 pm
Thanks
 

Sheryl G (360)
Tuesday November 21, 2017, 3:43 am
I disagree that our lives are no worse off because of super rich people in the world. The labor to make them rich was not paid what they should, why should people be living in poverty when they go to work each day? Don't tell me those who make money off of mining diamonds paid their help enough, nor the mark up on the diamonds to one person who sold them. Those who pick the food, package it, are not getting as much for the efforts as those who sell the food at a higher prices. These wealthy no longer even invest in job creation, they buy back their own shares and pass it to the shareholders who have done not a thing to make a company function, yet the workers who are answering the phones, cleaning the floors, and doing all the other day to day functions are struggling with the higher costs of everything. Nothing, not even an economy works well when it is out of balance.
 

Roberto MARINI (88)
Tuesday November 21, 2017, 8:14 am
thank you for this article. Dandelion.
 

Debra Y (5)
Tuesday November 21, 2017, 9:25 am
Unbelievable!
 

Janet B (0)
Thursday November 23, 2017, 7:18 pm
Thanks
 

Ellie M (3)
Friday November 24, 2017, 12:38 pm
Noted
 

Janet B (0)
Friday November 24, 2017, 6:41 pm
Thanks
 

Janet B (0)
Saturday November 25, 2017, 8:41 pm
Thanks
 

Jeff Creech (64)
Sunday November 26, 2017, 12:32 pm
The #GOPTaxScam is to ensure oligarchy rules and democracy dies in the USA. Citizens United was a bill specifically written by the Koch brothers to allow unlimited funding for political campaign contributions by the richest corporations. This allows them to place their chosen #GOPuppets to write laws that benefit the rich and take away the power of the people. They also wrote the wall that gutted the Voters Rights Act which now makes it legal for Republicans to suppress the votes of impoverished Americans who cannot afford to pay for state issued IDs.
Oligarchy is not democracy. It is fascism.
 

Sheryl G (360)
Sunday November 26, 2017, 1:29 pm
Very true Jeff.
 

Richard A (2)
Sunday November 26, 2017, 5:29 pm
Thank you.
I have not heard much discussion of ALEC lately.
https://www.alec.org/issue/tax-reform/
 

Edith B (146)
Tuesday November 28, 2017, 5:35 am
Thanks for sharing.
 

Danielle S (54)
Sunday December 3, 2017, 5:31 am
When managing capital is more valuable than the labor that produces it.
 

Ian Crory (31)
Thursday December 7, 2017, 9:24 am
ty
 

Janis K (126)
Sunday December 10, 2017, 12:31 pm
Thanks for sharing.
 

Janet B (0)
Sunday December 10, 2017, 8:48 pm
Thanks
 
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