Send As SMS
<-- HitTail.com code -->

Blogger News Network

BNN provides English-language US and world news, analysis and opinion from all over the Internet. We strive for high standards, ethical behavior, and the presentation of multiple responsible points of view.



Visiting our advertisers directly supports this site. Thanks!


Get More Traffic For Your Blog!

Blog Explosion brings hundreds of interested visitors to your blog - without costing you a cent.

BNN News Archive Page
       Friday, September 22, 2006

Imagine Your Byline Here - Click Here To Write For BNN




Forbes 400 list now has 400 billionaires

The story that all 400 of Forbes' richest Americans have at least $1 billion is sure to stir up laments of inequality. After all, by some measures, "real wages" for the rest of us have stagnated or fallen since the '70s while the ranks of billionaires have swelled. Even some academics argue that a rising tide hasn't been good for all boats.

I wrote a paper about this in college, and the fact of the matter is that, despite some statistical arguments that can be made, people from all walks of life live better now than they did in the past. Anyone who's interested should check out Cox and Alm's Myths of Rich & Poor, where they point out that people live longer, have access to more modern amenities and spend more time on recreation than they ever have before.

Robert VerBruggen is a freelance journalist and an apprentice editor at The National Interest. He blogs at http://robertsrationale.blogspot.com/.



Blogger News Network is advertiser-supported, and your visits to our advertisers help BNN to meet its expenses. Help keep us afloat!

posted by Robert VerBruggen at 5:06 PM  

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home

Add this story to Digg     Reddit     Newsvine     Del.icio.us     Ma.gnolia     Spurl

      

Sign up for Blog Soldiers and get 50 free credits!

Subscribe to BNN and get a daily bulletin of all our news postings.
Enter your Email


Powered by FeedBlitz

Interested in writing for BNN? Want information on our news service?

Contact The Editor
Writing for BNN
BNN Editorial Policies