Saturday, September 22, 2012

Forbes 400 Richest Americans List



Forbes magazine released its list of the 400 richest Americans Wednesday, and (drum roll, please) the rich have gotten richer. As a group, the 400 saw their net worth rise by about 13 percent to some $1.7 trillion...The Forbes list is rolling out alongside recent news that about 1 in 6 Americans is in poverty, that median incomes fell in 2011, and that unemployment remains higher than 8 percent. It also comes as voters are weighing a presidential contest between a multimillionaire businessman and an incumbent whose economic plan includes raising taxes on the rich...".* The Young Turks host Cenk Uygur breaks it down on The Young Turks.