ENGL 112 Week 6 Billionaires

Billionaires: They’re Just One of Us 

            Forbes Magazine reported that the number of billionaires increased in 2013, with their aggregate net worth increasing from $4.6 trillion to $5.4 trillion (“Forbes Billionaires”). The United States is again the country with the most number of billionaires at 442 billionaires (“Forbes Billionaires”).

According to Monbiot (2013), this increase in the number of billionaires, as well as the increase in their net worth, has been made possible by policies that were in favor to them but which were disadvantageous to the ordinary citizens. Examples of such policies include the destruction of collective bargaining; wage controls; the privatization of public assets; and the reduction of tax rates and tax enforcements (Monbiot, 2012).

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ENGL 112 Week 6 Billionaires