As the Economy Tanks, the Rich Get Richer

If you’ve ever wondered why certain super-wealthy people don’t seem too panic-stricken when somebody like Barack Obama comes along saying that he’s going to steal from the rich and give to the poor, it’s because the rich are fully aware that the rules are written so as to allow them to win no matter what happens to the rest of us.

From the USA Today:

The nation’s richest Americans have seen a healthy jump in their net worth, even as the economy faces an uncertain recovery.
The total worth of the members of the Forbes400 list of the richest Americans rose to an estimated $1.37 trillion in 2010, up 8% from 2009, according to the list released late Wednesday.

The top 10 richest Americans are a familiar group, including the top three:

•Microsoft founder Bill Gates sits at No. 1 with $54 billion.

•Berkshire Hathaway head Warren Buffett ranks No. 2 with $45 billion.

•Oracle founder Lawrence Ellison is at No. 3 with $27 billion.

Michael Bloomberg’s on the list too, and yeah, he’s raking it in under Hope & Change also. If we were talking about across-the-board free market capitalist non-hypocrites it wouldn’t bother me, but some of these guys are the same people who support politicians who call the rest of us “greedy” for saying our taxes are too high and government spending is out of control.

It must be nice being exempt from the same socialist crap you endorse pushing off on the rest of the world. That’s “getting rich on the backs of the poor.”

Author: Doug Powers

Doug Powers is a writer, editor and commentator covering news of the day from a conservative viewpoint with an occasional shot of irreverence and a chaser of snark. Townhall Media writer/editor. alum. Bowling novice. Long-suffering Detroit Lions fan. Contact: