Great news everyone: the net worth of the wealthiest Americans increased 13 percent!

Forbes: “The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast populated the top of the annual list, including Bill Gates, Warren Buffett, Larry Ellison and the Koch brothers. The average net worth of the 400 wealthiest Americans rose to a record $4.2 billion, up more than 10 percent from a year ago, while the lowest net worth came in at $1.1 billion versus $1.05 billion last year, the magazine said. Seven in ten of the list’s members made their fortunes from scratch.”

And remember, kids, they built that.¬†All alone — all by themselves! Not once did these Masters of the Universe, these Job “Creators,” in the course of their Mastering and Creating, ever need the use of things like: publicly funded roads or sidewalks, power grids or city water, interstate transport or a post office, police or fire departments, public schools for their kids, a library or city park or national park, garbage pick up, taking off or landing at an airport safely, a license or permit, safe food, clean air, disaster relief, radio stations or telecommunications, military defense, sewer systems…

You get the idea. The list is endless of what they didn’t use or need to amass their fortunes — ¬†including all their employees with their work, ideas, and labor.

HERE’S THE BONUS to this article though: How’s our net worth doing? The net worth of the rest of us: the Rabble, the Unwashed — or The Help as Willard and Anntoinette affectionately call us. Well… it didn’t increase 13 percent:

CNNMoney: June 12, 2012 — “The average American family’s net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.

Family net worth plummets 40%.

“The stunning drop in median net worth — from $126,400 in 2007 to $77,300 in 2010 — indicates that the recession wiped away 18 years of savings and investment by families.”

Of course you know what that means. It means we didn’t work as hard as the wealthy. And it means the job “creators” — even with their historically low tax rates and growing net worth — still need more tax cuts. You see with all they have, it’s not enough. They’re going to need more to actually create some jobs. And that’s where Romney comes in. Romney’s plan to get America back “on track” is to give the wealthiest more tax cuts.

If you’re NOT wealthy and that still make sense to you, then by all means vote Mitt Romney — and then walk in front of a moving bus. You might as well get it over with quickly. Let the rest of us linger and suffer.

About these ads

One thought on “Great news everyone: the net worth of the wealthiest Americans increased 13 percent!

Comments are closed.