Combined wealth of this years billionaires grew $500 billion in JUST 1 Yr!

[roguevalley]

http://www.wsws.org/articles/2004/mar2004/forb-m09.shtml


WSWS : News & Analysis : Global Inequality

Forbes report: Billionaires’ wealth grew by 36 percent in last year

While at least a billion people on the planet subsist on the equivalent of a dollar a day or less, the concentration of wealth among a handful of people at the top has set new records. In its current issue, Forbes magazine lists a record 587 individuals and family units worth $1 billion or more, an increase from 476 in 2003. The combined wealth of this year’s billionaires also reached record levels—a staggering $1.9 trillion, an increase of $500 billion in just one year, due largely to resurging stock prices over the last 12 months.

[Media_Lies_Daily]

1. Whose pockets did they empty to find that increase?

[whistle]

2. They are hoarding money for a reason...

...in preparation for a big crash maybe? How about gold, are the billionaires converting currency to gold and other tangible liquid assets I wonder? Maybe Lyndon LaRouch has some thoughts on this. Anybody got a line on why the world's wealthiest would want to hoard so much wealth so quickly and not share?:think:

[Gildor Inglorion]

3. Because they can?

Greed requires no other reason than itself. I still think the French had the correct solution to economic imbalance in 1789. }(

[prolesunited]

4. See

this just proves Bush is right. The economy is improving — if you're a billionaire.

What I find even more amazing is how they get the guy working for scraps supporting such economic injustice.