During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.
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Unfortunately, in a recession, the people who suffer the most aren't the rich, but the wanna-be rich and the poor.
Very few people can afford to be poor.
Four hundred obscenely wealthy individuals, 400 little Mubaraks - most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 - now have more cash, stock and property than the assets of 155 million Americans combined.
The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.
America has seen enough of a handful of people growing rich at the cost of our nation descending into economic crisis.
Ironically, for the mega-rich, recession brings with it the ability to live well at a lower cost and with less of a hassle.
It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.
Wealthy people have not disappeared, they are just not so willing to show off their wealth.
A lot of wealthy people, they don't realize they have the alternatives of spending the money for good.
For most of history, almost everyone was poor. Power and wealth belonged to only a few.
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