Good news for you rich folk: Forbes is now reporting that the net worth of the 400 richest Americans rose a full 13% over the last year to a combined $1.7 trillion.
Compare that to new data from the Census Bureau last week that showed that wealth of the top one-fifth of the rose by 1.6 percent, and that the total net worth of the middle class actually declined, with the median income falling about $750 to $50,054.
Basically, the lower down the economic ladder you are, the worse you’re doing. And the further up you go, the better you’re doing—it doesn’t go up linearly, it goes up exponentially
Still think the richest Americans need a tax break?