WASHINGTON (CBS DC) – The majority of millionaires don’t think they are rich. A new study from investment bank UBS finds 40 percent of those with $5 million in investable assets said they didn’t feel rich. Only […]
Even the wealthiest Americans are not prepared for their future.
During the current election campaign, for the first time in American history, President Barack Obama and the “left” have made success in America to be negative.
President Barack Obama is in favor of the extremely controversial idea of redistribution of the nation’s wealth. Basically, Obama believes that everyone should “have a shot” at the good life and great opportunities in life whether they’ve worked for them or not – paid for by those who have acquired their wealth and success-related opportunities in life via hard work.
The ranks of America’s poor are on track to climb to levels unseen in nearly half a century. That means gains from the war on poverty in the 1960s are being erased amid a weak economy and fraying government safety net.