Nov 24, 2014
Forbes magazine just listed the 400 richest people in the world. It focused on the 20 richest, led by Bill Gates, former Microsoft CEO, whose combined wealth comes to more than 750 billion dollars.
750 billion dollars in the hands of 20 people – that’s about equal to the gross domestic product of the Netherlands, one of the world’s richest countries!
Just 10% of all that wealth owned by those 20 people is equal to more than all U.S. government funding for the Department of Education and the Department of Agriculture for a year.
So, is money “trickling down”? More like it’s been flooding up!