Billionaires: We are all the same

Billionaires: We are all the same The number of billionaires has risen to a record 1,645 billionaires with an aggregate net worth of $6.4 trillion according to Forbes Magazine (“Forbes Billionaires”). The year the United States is back at the top with Bill Gates as the richest man in the world, worth about $76 billion (“Forbes Billionaires”). It seems that even though the amount of billionaires has increased, there are people who still live in poverty. As reported by Forbes (2014), America’s wealth is shrinking because of falling home prices. Rises in home prices help the middle class; while the rise in stock prices help the rich. Wealth inequality has a negative and significant effect on economic growth. Billionaires have become a lot richer, while the rest of the world has been experiencing a financial standstill. The number of billionaires in the world has increased significantly since the financial crisis. In fact, it has doubled. The richest in the world have more money than they can ever spend, while millions of people are living in poverty and have no education. It is clear that we have a government for the rich. The rich are the ones that make up the majority in the House of Representatives. While only 2 percent of the seats in congress have working class backgrounds (Geier, 2014). For instance, the Republicans in the House of Representatives just passed a bill that would raise taxes on the poor and trim taxes on the rich. It is evident that people thin the rich have unfair advantages. People still appreciate the rich for their charity but they are still judged for having more advantages and just the fact that they are wealthy. We are all born with the same advantages of the rich. It is what we make of ourselves that’s important. We hold the key to our own destiny. We can’t rely on others to