Crisis, what crisis? for US billionaires

Haves and have nots in the USA, cartoon

Not just German bankers bailed out by taxpayers got a lot richer this year.

From CNN in the USA:

Forbes 400: The super-rich get richer

By Julianne Pepitone, staff reporter

September 22, 2010: 8:59 PM ET

NEW YORK ( — The super-rich got even wealthier this year, despite the stumbling economy.

Forbes magazine released its annual list of the 400 richest Americans on Wednesday, and their combined net worth climbed 8% this year, to $1.37 trillion. Wealth rose for 217 members of the list, while 85 saw a decline.

According to Forbes magazine, the net worth of the 400 richest Americans increased by 8 percent in 2010, to $1.37 trillion: here.

Recession is far from over for many Americans: here.

Senate Majority Leader Harry Reid canceled plans to introduce and vote on a measure that would extend the tax cuts for households earning $250,000 or less, but allow the tax cuts to expire for those above that income level: here.

Americans’ Incomes Sank After Bush Tax Cuts: here.

World in Revolt: The Global Backlash Against Budget Cuts: here.

12 thoughts on “Crisis, what crisis? for US billionaires

  1. The richest 2% of Americans are demanding an extension of George Bush’s tax cuts for themselves, which would add over $700 billion to our national debt over ten years.

    As President Obama said, “we can’t afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires.”

    Tell your Representatives:
    No $700 Billion Tax Cut for the Rich

    Our national debt is nearly $14 trillion and we need to reduce it. The Deficit Commission is even considering unacceptable cuts to essential middle-class programs like Social Security.

    The first way to cut the debt is to eliminate tax cuts for people who don’t need them. And the rich don’t need a tax cut – they are rolling in dough while the rest of us struggle to survive.

    Tell your Representatives:
    No $700 Billion Tax Cut for the Rich

    If tax cuts for the rich created jobs, Bush’s tax cuts would have created a booming economy. Instead they brought us to the brink of a Great Depression in 2008 and created our current Great Recession with nearly 10% unemployment.

    Tell your Representatives:
    No $700 Billion Tax Cut for the Rich

    Thanks for all you do!

    Bob Fertik


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