Shared sacrifice?
by digby
While our leaders are preparing to cut the measly monthly allotment for food for people who are too old to work, we get this little piece of information:
According to the Bloomberg News Billionaires Index, “The richest people on the planet got even richer in 2012, adding $241 billion to their collective net worth.” The 100 richest individuals in the world are worth nearly $2 trillion collectively. As of 2011, millionaires and billionaires controlled nearly 40 percent of the world’s wealth.
Just to put that in perspective:
Changing the inflation measure to what is called chained CPI would save $225 billion over the next decade.
I hate to be hyperbolic, but this is rapidly becoming a "pitchfork" situation. I don't think it will end well.
FYI:
Charles and David Koch, are each worth $40.9 billion, up 20.9 percent -- $7.1 billion -- for the year.
Somehow, I don't think the tip money they threw into the US election hurt them any.
.