Tech Rich Get Richer

theodp writes "The economy is improving, at least for the super rich. After two years of declines, the aggregate net worth of the U.S.'s wealthiest 400 citizens leapt 10% in the past year to $995 billion, according to Forbes' annual ranking. The gains are part of a continuing shift in wealth from the East coast to the tech-centric West. Bill Gates capped off a decade in the top spot after his fortune increased by $3B to $46B. Microsoft co-founder Paul Allen held onto 3rd place, his net worth rising $1B to $22B. Amazon's Jeff Bezos, who saw his fortune expand by more than $3B to $5.1B, was the top gainer on the list. And with a measly $1.4B, Jerry Yang of Yahoo! found himself in a 16-way tie for 162nd place."

Comments

Yes, the way to help the economy is cut taxes.

[HanzoSan]

The best thing we can do for the economy is cut taxes for the rich while raising taxes for the poor, dont you see? Dont you get it? The best solution for all economic problems is to allow the rich to keep more of their own money. In fact the poor should pay 100% of all taxes since they happen to use all the resources taxes produce anyway, the rich can put their kids in private school and rely on private resources so why should they pay taxes so you can put your kid in school? Why should Bill Gates pay taxes so you can get your medication and go to the hospital?

Taxes == Communism and only the poor are Communists.

Re:Yes, the way to help the economy is cut taxes.

[murphj]

Yeah, I'm real outraged about the injustice of the people who control 40% of the wealth, and 50% of the of the financial wealth paying nearly 25% of the taxes.

I'm not at all outraged that 38.9 million Americans, including 7.2 million children, have no healthcare. I'm too busy worrying about the rich.

Finally you see through all the lies!

[HanzoSan]

Its not about how much labor you do, you dont get paid based on merit, you get paid based on who you know, luck, your last name, what you look like, what gender you are, etc etc.

IF you want a million dollars, have a last name with the name Bush or Kennedy, be a white male, and wait a while. Thats all it really takes.

You dont need intelligence, you'll get accepted into Harvard on name alone, you dont need to be talented, you'll get hired because everyone knows your parents, you might need to work hard but thats it.

For the rest of us, working hard wont get us anywhere but into an early grave, and we dont have any advantages, of course if you are a minority then you might have affirmative action to allow you to compete with the Kennedies and Bush's of the world, for the generic poor white male, you are at the bottom of the barrel, everyone else gets advantages and entitlements but you, everyone else gets a free ride, but you get to work hard and have no advantage.

This is considered fair capitalism.

High taxes create jobs too

[HanzoSan]

The government hires employees at a faster rate than the corporate world, and the government hires Americans at a higher rate than big corporations.