Sometimes it seems like the system is rigged and the rich just keep getting richer – it seems that way for a reason, it’s true.
From the Los Angeles Times:
The richest people on the planet got even richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals.
The aggregate net worth of the world’s top 100 stood at $1.9 trillion at the market close Dec. 31, according to the index. Of the people who appeared on the final ranking of 2012, only 16 registered a net loss for the 12-month period.
And while they may be claiming burdensome regulation and Obama’s “socialist policies” are destroying wealth our old friends the Koch Brothers got a nice boost.
Koch Industries’ two other shareholders, the brothers Charles and David Koch, are each worth $40.9 billion, up $7.1 billion, or 20.9%, for the year.
Yeah, we live under a socialist regime – socialism for the rich (capitalism for the poor). That’s probably why in America the richest 1 percent have more financial wealth than the bottom 95 percent combined.