Billionaires got $1.8 trillion richer in 2017

Dear Kitty. Some blog

2017 wealth tiers within billionaires, Credit: Wealth-XBy Eric London from the USA:

Wealth-X report shows billionaires gained $1.8 trillion in 2017

21 May 2018

American television viewers and newspaper readers were inundated this weekend with banner headlines and around-the-clock coverage of the royal wedding of Prince Harry of the British House of Windsor and his American partner, Meghan Markle.

The major networks deployed an army of reporters to present the wedding as an historic event. CNN called it “an electrifying affair that will live long in the memory.” ABC called the wedding “a love locomotive”, while the phrase “A Modern Fairytale” appeared as an on-screen banner. The coverage provided no hint that the United States was born out of a violent struggle against the British crown—a revolution that produced a Constitution banning titles of nobility.

How is the fawning praise for aristocracy by the American media establishment to be explained?

It is rooted in…

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