Video: Thomas Sowell - Cultural Prerequisites for Developing Wealth

Thomas Sowell has a relatively new book out now called “Wealth, Poverty and Politics, An International Perspective.”

See the image for the book below.

Again that's  “Wealth, Poverty and Politics, An International Perspective" available on Amazon.

The Decline of the Rich

Tax the rich? According to a new report, the rich have an increasingly-shrinking slice of the pie. But Obama and the left say they need to pay just a little bit more. Just a little more sacrifice.

CNBC has the story:

The presidential election has given us two myths about the rich. First, that their incomes, and income inequality, are at all-time highs. Second, that the wealthy pay less in taxes than ever, and lower taxes than the rest of us.

A recent report from the Congressional Budget Office, however, suggests that both may be false.

The Falling Fortunes of the One Percent || CNBC.com