The net worth of just 400 billionaires is on par with the collective wealth of our more than 14 million African- American households. Both groups possess some $2 trillion, about three percent of our national net worth, an economic injustice Martin Luther King would have decried, argues Bob Lord.
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At Public Universities, More Aid Is Going To the Wealthy Than to The Neediest
Attention has long been focused on the lack of economic diversity at private colleges, especially at the most elite schools. What has been little discussed is how public universities, which enroll far more students, have gradually shifted their priorities — and a growing portion of their aid dollars — toward wealthier students.
Florida Cabinet Trio’s Combined Personal Worth: $9.76 Million
Cabinet members — Chief Financial Officer Jeff Atwater, Attorney General Pam Bondi and Agriculture Commissioner Adam Putnam — are now collectively worth $9,756,748, still a far cry from the $83.8 million Gov. Rick Scott reported last week.
In Recession’s Depth, 2,362 Millionaires Got Unemployment Benefits
Brace yourselves: in 2009, no fewer than 2,362 millionaires got unemployment benefits. The year before, 2,840 did, raising questions about whether unemployment insurance should be means-tested. Five such proposals are pending in Congress.
Mitt Romney’s Tax Returns: A Guide
As one of the richest men ever to run for President, Romney’s filings are enormously complex, and the subject of close scrutiny. News organizations are making their way through the returns. Here’s a guide to where to look to make sense of the numbers, including the original returns for 2010 and 2011.
They Feel Your Pain: Florida Legislature Home to 51 Millionaires
Millionaires make up almost half of the 40-member Florida Senate and nearly one-third of the 120-member Florida House. Legislators are paid $29,697 a year, with presiding officers making $41,181 a year.
Adagio for Scott: Governor’s Net Worth Drops by Half, to $102 Million
Scott reported 2010 income of $11.5 million, up 46 percent from the $7.9 million he posted in 2009, and almost all investment income. His wealth topped that of all other Cabinet officials combined.