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It's so weird to hear nothing but doom and gloom from government officials including Kathleen Sebelius who actually said yesterday morning that airports were already suffering with long lines. I was shocked by this bald-face attempt to stoke anger in people. Airport delays? Are you kidding me? I travel through LaGuardia and JFK where delays are part of the daily program - but now we can blame them on sequestration and mean old Republicans. The blame game is the shame game.
We are nearing the point where every inconvenience will have its genesis in GOP politics (unless it's clearly from global warming) from traffic jams, to slow computer jams and to low jam supplies at the local supermarket. While we continue this assault on success and this demonization of wealth, the phenomenon of wealth growth continues. Forbes is out with its richest list of 1,426 billionaires. There are 210 newcomers and 23 names under 40 years old (see list). What's interesting is how high tax nations are falling behind on the rich list or simply hanging on via old inherited wealth. No matter what anyone says, the inability to generate super wealth has negative consequences on even the poorest citizens.
We are nearing the point where every inconvenience will have its genesis in GOP politics (unless it's clearly from global warming) from traffic jams, to slow computer jams and to low jam supplies at the local supermarket. While we continue this assault on success and this demonization of wealth, the phenomenon of wealth growth continues. Forbes is out with its richest list of 1,426 billionaires. There are 210 newcomers and 23 names under 40 years old (see list). What's interesting is how high tax nations are falling behind on the rich list or simply hanging on via old inherited wealth. No matter what anyone says, the inability to generate super wealth has negative consequences on even the poorest citizens.
While places like Ukraine are seeing wealth never experienced before, the rich in old welfare nations in Europe are just waiting for their richest citizens to pass on to confiscate even more of their wealth. The following are nations with taxes of 48% or more on incomes of less than $100,000 and the average age of their billionaires.
> Sweden 66
> Denmark 58
> Netherlands 70
> Belgium 74
> Austria 72
> Finland 56 (just one person)
> Ireland 68
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- Topics:
- rich
Charles Payne
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Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks.
He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.
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