The Forbes 400 vs. Everybody Else - by Michael Moore

[kpete]

March 7th, 2011 7:35 PM
The Forbes 400 vs. Everybody Else

According to the most recent information, the Forbes 400 now have a greater net worth than the bottom 50% of U.S. households combined.

In 2009, the total net worth of the Forbes 400 was $1.27 trillion.

The best information now available shows that in 2009 the bottom 60% (yes, now it's 60%, not 50%) of U.S. households owned only 2.3% of total U.S. wealth.

Total U.S. household net worth -- rich, middle class and poor combined -- at the time the Forbes list came out was $53.15 trillion. So the bottom 60% of households possessed just $1.22 trillion of that $53.15 trillion, less than the Forbes 400.

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More plus links & links: http://www.michaelmoore.com/words/must-read/forbes-400-vs-everybody-else