New Report: We’re Subsidizing the Forbes 400
In its latest listing of America’s wealthiest individuals, Forbes magazine for the first time ranks the members of the top 400 by how much they have overcome adversity on the path to success, reserving the highest score for those who supposedly built fortunes entirely on their own. This celebration of individual accomplishment turns out to overlook a significant source of top 400 fortunes, both those fortunes that belong to the super rich Forbes calls “bootstrappers” and those the magazine labels “silver spooners.” Many of these rich have received another kind of… Read more…