QT trickle-on economics update (update)

20 Wealthiest
Cynthia Haring, a Weeki Wachee, Fla., reader, regarding a study finding that the 20 wealthiest persons in the United States now own more wealth than the bottom half of the U.S. population, writes:
“Staggering. But who are the 20? The Waltons? The Kochs? Please give us the 20.”
You are on the right track.
The study cites the following. who include Mark Zuckerberg, who just gave away 99 percent, which wouldn’t be a bad idea for the other 95 percent of the 20:
Bill Gates (Microsoft), Warren Buffett (Berkshire-Hathaway), Larry Ellison (Oracle), Jeff Bezos (Amazon), Charles Koch (Koch Industries), David Koch (Koch Industries), Mark Zuckerberg (Facebook), Michael Bloomberg (Bloomberg LP), Jim Walton (Wal-Mart heir), Larry Page (Google), Sergey Brin (Google), Alice Walton (Wal-Mart heir), S. Robson Walton (Wal-Mart heir), Christy Walton (Wal-Mart heir), Sheldon Adelson (Sands Casino), George Soros (hedge funds), Phil Knight (Nike), Forrest Mars Jr. (Mars Candy heir), Jacqueline Mars (Mars Candy heir) and John Mars (Mars Candy heir).
The least wealthy of these could buy Donald Trump with nearly $20 billion to spare.
And give him a buzz cut.
And put him in a room with his Atlantic City bond holders.
And. . . and. . . .

WRITE TO QT:  qt@zaysmith.com

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’Tis the season

President Barack Obama, First Lady Michelle Obama, daughters Sasha and Malia, and Marian Robinson participate in the National Christmas Tree lighting on the Ellipse in Washington, D.C., Dec. 4, 2014. (Official White House Photo by Lawrence Jackson)

News Headline:
“Traffic advisory: National Christmas Tree Lighting.”
Can it be time for QT’s annual reminder that it isn’t Kris Kringle, but Kriss Kringle?
And that the reindeer’s name isn’t Donner, but Donder?
And that it isn’t “God Rest Ye, Merry Gentlemen,” but “God Rest Ye Merry, Gentlemen”?
Ho, Ho, Ho!

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