Thursday, September 21, 2006

Blegacy is Rich Get Richer

The Bush legacy shows to reach the top 400 richest people in America now requires one to be a member of the billionaires club. For the first time in history having hundreds of millions won’t get you on the Forbes list.

Even before Census statistics showed the number of rich and poor increasing at the expense of the middle class, income distribution revealed some disturbing numbers. Before the Bush administration took office implementing policies favorable towards the rich, America’s top 1% owned 33% of the wealth, the top 5% controlled 59%, and the top 10% sheltered 71% of our country’s wealth.

"You can have wealth concentrated in the hands of a few, or democracy, but you cannot have both."-- Supreme Court Justice Louis Brandeis

Have you noticed the income levels of most candidates in recent elections? Super rich Mayors, Governors, even Presidential candidates with such ample personal or campaign funds, they avoid the federal money due to the limitations that come along with taking such.

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