$13 million a day and $3 billion
The Forbes 400 list is out again, and what struck me was the two guys from Google each making $13 million a day over the past two years. Not bad money at all.
Forbes naturally celebrates the list as proof that capitalism works. Well, it does but the rewards remain pretty unequally distributed. And remember that top tax rates for the wealthies (well, at least for those in the US) have declined significantly over the past 40 years, so the even-richer of today get to keep even higher shares.
One of the guys on the list, Richard Branson, has committed an expected $3 billion of profits over the next decade to researching alternative energies and fighting climate change.
Forbes naturally celebrates the list as proof that capitalism works. Well, it does but the rewards remain pretty unequally distributed. And remember that top tax rates for the wealthies (well, at least for those in the US) have declined significantly over the past 40 years, so the even-richer of today get to keep even higher shares.
One of the guys on the list, Richard Branson, has committed an expected $3 billion of profits over the next decade to researching alternative energies and fighting climate change.
posted by Don Q Blogger at 4:26 AM
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