Wednesday, June 16, 2004

The rich get richer...

There is at least one constituency group that has made out like gangbusters these last few years under President Bush, according to the Wall Street Journal:


The WSJ reported Tuesday that the number of millionaires in the U.S. is up 14 percent. The 2004 World Wealth Report revealed that the U.S. and Canada added more new millionaires last year than Europe, Asia, Latin America and the Middle East combined.

“In the U.S., rising stock markets, strong real estate prices, wealth-friendly tax cuts and low interest rates combined to create strong returns for the wealthy.”

And needless to say, they aren’t exactly spreading this wealth around (except for their donations to the Bush election campaign). Meanwhile, the economy continues to lose jobs as it sputters along while the government racks up record deficits.

No comments:

Post a Comment