But the 400 are Really Rich

A few days ago, in You Are Rich, I observe the median income of all the people in world is about $850. Now, that thought led a Forbes author to go one step further, in the Forbes 400 issue, writing an article The Forbes One Billion, in which he notes the combined wealth of tho top 400 people in the US is $3.5 trillion. On this, you’d expect an annual gain of $350 billion or so. He then states that the bottom One Billion people average $350 per year in income. The $350 billion dollars of annual gain of our top 400 fellow Americans can double the income of One Billion of the world’s poor. I don’t have more to say on this, to me, it’s something to ponder.
JOE