The Case Against Billionaires

Thursday, 03 January 2013 15:57  
By Thom Hartmann and Sam Sacks, The Daily Take | Op-Ed 

It’s time we as a nation have a serious discussion about outlawing billionaires.

This week we learned that 2012 was one heck of a year for the billionaires. The 100 richest people in the world got $241 billion wealthier this year bringing their total net worth to $1.9 trillion. These 100 people have more combined wealth than the entire GDP of nations like Italy, Mexico, Spain, Canada, Australia, and about 170 other nations. 

Billionaires exclusive to the United States also had a field day. As the annual Forbes 400 list of 2012 showed, America’s richest billionaires saw their wealth increase by $200 billion last year bringing their total net worth to $1.7 trillion.