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Wednesday, March 9, 2011

The rich are getting richer...

The Real Redistribution of Wealth: Forbes 400 Triple Wealth in 5 years

If you've ever listened to Rush Limbaugh, you've probably heard him talk about the "liberals" and their 'communist/socialist plot" to redistribute the wealth.

But that's in the make believe Limbaugh-land. In reality, the redistribution of the wealth has already happened, but it was in the opposite of direction of Rush's claim.

From 1995 to 2000, the Forbes 400 tripled their wealth!

The 400 richest Americans wealth grew:
$49 billion over the 6 year period from '89-'95
$955 billion over the 5 year period from '95-'00

During the initial period, the Forbes 400 average income was $20 million per year. Then during the next 5 years their average income increased to $478 million per year. Sounds fair, doesn't it?

Isn't this the wealth redistribution Rush is always talking about, but in reverse? As usual, the truth is the exact opposite of Limbaugh's claims.

Link:
http://www.squattable.com/blog/birdflip/030911/real-redistribution-wealth-forbes-400-triple-wealth-5-years

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