Friday, February 22, 2013

Quote: The Filthy Rich Get Filthy Richer

Blogger and author Les Leopold lays it out for you in very simple, easy to understand terms (here):

The richest 400 Americans ... increased their wealth by 54 percent between 2005 and 2010, while the median middle-class family saw its wealth decline by 35 percent.

Additionally, he says:
  • In 2010, the top hedge fund manager earned as much in one HOUR as the average (median) family earned in 47 years.
  • The top 25 hedge fund managers in 2010 earned as much as 658,000 entry level teachers.
  • In 1970 the top 100 CEOs made $40 for every dollar earned by the average worker. By 2006, the CEOs received $1,723 for every worker dollar. 

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