Friday, September 22, 2006

The Super-Rich Get Richer: Forbes 400 Are All Billionaires - washingtonpost.com

The Super-Rich Get Richer: Forbes 400 Are All Billionaires - washingtonpost.com: "Dean Baker, a macroeconomist at the Center for Economic and Policy Research in Washington. 'If the U.S. had experienced really extraordinary growth, then maybe that would be the reason' for all the billionaires. Baker pointed out that U.S. economic growth in the past 25 years -- the period that hatched this crop of billionaires -- is actually slower than in the preceding quarter-century, which produced only 13 billionaires.

'If these people pull away so much wealth,' he said, 'that means everyone else has less.'"

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