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September 21, 2007
A billion here, a billion there....
Pretty soon you're talking real money.
Billionaires no longer rich enough to make Forbes list.
For the first time, $1 billion isn’t enough to land someone on Forbes’ list of the 400 richest Americans. Forbes associated editor Matthew Miller said that there "are 82 American billionaires who do not make the Forbes 400 this year." Income inequality has grown dramatically in recent years, "with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928."
1928? Why does that sound familiar?
Posted by jnfr at September 21, 2007 04:58 PM