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Started By
Message
The top 1% of Americans now control 38% of the wealth
Posted on 9/27/17 at 5:41 pm
Posted on 9/27/17 at 5:41 pm
quote:
America's top 1% now control 38.6% of the nation's wealth, a historic high, according to a new Federal Reserve Report.
The top 1% saw their share of wealth rise to 38.6% in 2016 from 36.3% in 2013. The next highest nine percent of families fell slightly, and the share of wealth held by the bottom 90% of Americans has been falling steadily for 25 years, hitting 22.8% in 2016 from 33.2% in 1989.
The OT needs to start sharing some of that money.
LINK
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Posted on 9/27/17 at 5:41 pm to RLDSC FAN
I do not want to share
Posted on 9/27/17 at 5:42 pm to RLDSC FAN
I'm pretty sure that number is a constant throughout humanity
Posted on 9/27/17 at 5:42 pm to RLDSC FAN
The reason that they have that is because they deserve it. We need to see that they get more.
Posted on 9/27/17 at 5:43 pm to RLDSC FAN
I share it via trickle down economics with my chauffeur, gardening staff, private masseuse, etc.
Posted on 9/27/17 at 5:43 pm to RLDSC FAN
quote:
share of wealth held by the bottom 90% of Americans has been falling steadily for 25 years
Ill advised tattoo purchases and smoking will do that.
Posted on 9/27/17 at 5:44 pm to RLDSC FAN
Thou shalt not covet.
Posted on 9/27/17 at 5:45 pm to Btrtigerfan
quote:
Thou shalt not covet
Only the great truly covet.
Posted on 9/27/17 at 5:48 pm to RLDSC FAN
It’s trickling down to me. Just being patient. I trust my politicians
Posted on 9/27/17 at 5:52 pm to RLDSC FAN
I wonder how many people in the bottom 50% made 10% on their investment portfolios in 2016?
It's not really a surprise that the gap continues to widen.
It's not really a surprise that the gap continues to widen.
Posted on 9/27/17 at 5:52 pm to upgrayedd
quote:
I'm pretty sure that number is a constant throughout humanity
I'd argue its lower than any other time in history. Medieval times few families controlled essentially all the wealth and that continued all the way until the industrial revolution. Then you had the Vanderbilt's and Carnegie's into the early 1900's. Gates and Bezos and that crews wealth don't even compare to those guys.
This post was edited on 9/27/17 at 5:54 pm
Posted on 9/27/17 at 5:55 pm to RLDSC FAN
Only jealous losers complain about this.
Posted on 9/27/17 at 5:57 pm to RLDSC FAN
Quick question, at what point does the money they EARNED become my money?
Posted on 9/27/17 at 6:01 pm to slackster
quote:
I wonder how many people in the bottom 50% made 10% on their investment portfolios in 2016
How many of that 50% invests in anything?
Posted on 9/27/17 at 6:02 pm to slackster
Well most people don't invest at all, so I bet it's a tiny %
Posted on 9/27/17 at 6:03 pm to Jones
quote:
How many of that 50% invests in anything?
I think that was his point. Hence why the gap keeps widening.
Posted on 9/27/17 at 6:03 pm to RLDSC FAN
It's always cute when journalists talk about percentages of the "nations wealth" like it's some set pie that never changes in size, just percentages to each group.
This post was edited on 9/27/17 at 6:04 pm
Posted on 9/27/17 at 6:06 pm to RLDSC FAN
I've got a job, roof over my head, food on the table, a cold beer, and an $800 cell phone to brag about it on. Why do I care if the rich keep getting richer?
Posted on 9/27/17 at 6:12 pm to RLDSC FAN
So?
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