The Rich Are Hoarding Cash -- and That's Not Good
By Robert Frank | CNBC – Wed, Aug 8, 2012 12:54 PM EDT
The 2012 Survey of Affluence and Wealth in America, from American Express Publishing and Harrison Group, finds that One Percenters are hoarding three times as much cash as they were two years ago.
The survey found that 62 percent of One Percenters are in favor of an income-tax increase. More than half say the increase should be imposed on people making $500,000 or more (basically themselves).
Another 31 percent say it should be imposed on filers making more than $250,000 - basically the Obama cut-off.
Friday, August 10, 2012
WHAT THE TOP 1% THINK ABOUT INCREASED TAXES
A large majority are FOR an increase on those as wealthy as they are:
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