The next time a politician starts talking about "shared sacrifice" and "skin in the game," send them this Alternet article that puts that horse hockey in perspective: 1. Only THREE PERCENT of the very rich are entrepreneurs. According to
According to Forbes, the richest 400 Americans’ net worth increased 13 percent in 2012 to $1.7 trillion. The average net worth of the group was also up to a record $4.2 billion, and collectively they make up the equivalent of one-eighth of the U.S. economy.
The wealth gap between the richest Americans and the typical family more than doubled over the past 50 years. In 1962, the top 1% had 125 times the net worth of the median household. That shot up to 288 times by 2010, according to a
Color me not shocked that Karl Rove was back on Fox again, hoping that the country has collective amnesia as to just how destructive his former boss' reign was to our nation's economy and attempting to blame the cliff the economy was falling off of