Who are the Rich?

[Toro]

of the charter members of the first Forbes 400, only 32 remain today. Far from a country where only the rich get richer, the wealthy in the US are very much a moving target. While there are 74 Forbes 400 members who inherited their entire fortune, 270 members are entirely self-made. Though many attended Harvard, Yale and Princeton, there are countless stories within of high school and college dropouts, not to mention others who grew up extremely poor. Politicians who regularly engage in class warfare would do well to keep the Forbes 400 out of the hands of their constituents, because it makes a mockery of the kind "Two Americas" rhetoric suggesting the existence of a glass ceiling that keeps hard workers at the bottom of the economic ladder. To read the Forbes 400 is to know with surety that the U.S. is still very much the land of opportunity.

http://www.realclearpolitics.com/articles/2007/09/the_forbes_400_as_a_lesson_in.html

 

[midcan5]

What are you a corporate hack? Anyone who lives in the real world knows this is pure irrelevant BS.

The US Economy Since 1980 By Seth Sandronsky

"What makes the U.S. so unlike other rich nations? There is no single answer. At the top of a list is the power of the business class to shape policy-making and the lives of the nation's populace. In The United States Since 1980, economist Dean Baker focuses on the policies that have set the country on a business-friendly path. There have been far-reaching effects.

"For most of the population of the United States, the quarter century from 1980 to 2005 was an era in which they became far less secure economically, and the decrease in security affected their lives and political attitudes," he writes. "It is important to note that this decrease was the result of conscious policy, not the accidental workings of the market.""


http://www.counterpunch.com/sandronsky09292007.html

http://www.counterpunch.org/roberts06252007.html
[ame]http://www.youtube.com/watch?v=TCbFEgFajGU[/ame]

[ame]http://www.amazon.com/exec/obidos/ASIN/0521677556/counterpunchmaga[/ame]

 

[Toro]

What are you a corporate hack? Anyone who lives in the real world knows this is pure irrelevant BS.

Wow, the Sacramento Area Peace Action.

I defer to your and their superior intellectual firepower about everything.

 

[midcan5]

Toro, glad to hear that, hopefully it won't be too tough on you learning a little bit about the real world.

 

[Bern80]

Toro, glad to hear that, hopefully it won't be too tough on you learning a little bit about the real world.

I'm afraid you are the one who has no clue about the 'real world'. There is no BS in what Toro posted. You can't beleive him because it would turn you notion of reality on its ear.

Think of what it would mean if those that are wealthy did it through hard work and adversity. It would eliminate excuses for poor to be poor. They couldn't complain that their not wealthy because they didn't have a rich parent. Or because they didn't know the right people.

What he posted is a fact. The vast majority of wealthy people are so because they put in the effort. That's why it doesn't jive with your reality because many members of the 'unwealthy' would have few to blame but themselves.