Published on Sep 22, 2012 by TheYoungTurks
"Forbes magazine released its list of the 400 richest Americans Wednesday, and (drum roll, please) the rich have gotten richer. As a group, the 400 saw their net worth rise by about 13 percent to some $1.7 trillion...The Forbes list is rolling out alongside recent news that about 1 in 6 Americans is in poverty, that median incomes fell in 2011, and that unemployment remains higher than 8 percent. It also comes as voters are weighing a presidential contest between a multimillionaire businessman and an incumbent whose economic plan includes raising taxes on the rich...".* The Young Turks host Cenk Uygur breaks it down on The Young Turks..
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