Word: wealthiest
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...limousines and mansions, but one thing that the 400 richest people in America cannot afford to do is rest on their assets. In 1984, according to Forbes magazine, one needs to be worth at least $150 million-a sesquicenti-millionaire-to make the list of the country's wealthiest individuals. Among those dropped from this year's roster was Bob Hope, 81, who was credited in 1983 with a fortune of $200 million. Hope dared the magazine to prove he was worth more than $50 million. Forbes took up the challenge this year and after an extensive investigation...
Hancock, one of Boston's wealthiest merchants, gave generously to his alma mater, and the Corporation rewarded him by naming him treasurer. But Hancock had little taste for the job and spent most of his time travelling on business or political missions, neglecting the University's finances. He failed to collect term bills or pay debts, and complicated matters by carrying the University's financial records on his travels...
According to the report, the President's policies have resulted in a $25 billion income transfer to the wealthiest one-fifth of the nation from those less well...
Since 1980 the disposable income of the poorest one-fifth of all American families declined by 7.6% after inflation, to $6,391. The income of the wealthiest one-fifth rose by 8.7%, to $40,880. Middle-class families are slightly better off than four years ago with their income rising by 0.9%, to $19,034. A large factor was Reagan's personal income tax cuts, which raised after-tax income for the wealthy by 6% but did not help the poor...
Hancock, one of Boston's wealthiest merchants, gave generously to his alma mater and the Corporation rewarded him by naming him treasurer. But Hancock had little taste for the job and spent most of his time travelling on business or political missions, neglecting the University's finances. He failed to collect term bills or pay debts and complicated matters by carrying the University's financial records with him on his travels...