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Message
re: The top 1% of Americans now control 38% of the wealth
Posted on 9/27/17 at 6:13 pm to CoachChappy
Posted on 9/27/17 at 6:13 pm to CoachChappy
LOL
Can't tell you how many lower incomes I've worked around who think nothing of wasting money on more stupid shot than you could imagine.
Nails
Expensive cable
Hair
Lots of alcohol
Cigs
Latest I phone
Eat out four times a week
Sporting events
Shop for groceries every day at gas stations
My favorite was sweet precious who made $35k a year who owned a nice Audi while being single and raising two kids. To hear her bitch about maintenance bills you would have thought her basic human rights were being violated
Whatever
Can't tell you how many lower incomes I've worked around who think nothing of wasting money on more stupid shot than you could imagine.
Nails
Expensive cable
Hair
Lots of alcohol
Cigs
Latest I phone
Eat out four times a week
Sporting events
Shop for groceries every day at gas stations
My favorite was sweet precious who made $35k a year who owned a nice Audi while being single and raising two kids. To hear her bitch about maintenance bills you would have thought her basic human rights were being violated
Whatever
1
Posted on 9/27/17 at 6:16 pm to Mingo Was His NameO
quote:
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.
It's called the Pareto Distribution
Posted on 9/27/17 at 6:17 pm to Big Saint
quote:
I think that was his point. Hence why the gap keeps widening
Exactly. There is a certain amount of wealth required to simply live. If you can't get above that threshold for whatever reason, you surely aren't going to grow your wealth.
Posted on 9/27/17 at 6:17 pm to notiger1997
I see a lot of Starbucks coffee, at least twice a day. That all adds up.
Posted on 9/27/17 at 6:19 pm to RLDSC FAN
This is racist
Posted on 9/27/17 at 6:23 pm to upgrayedd
quote:
I'm pretty sure that number is a constant throughout humanity
Pretty much for the last 3000 years, with a few variations in between, and is probably closer to .01 percent controlling 90% of the resources of the known world.
Posted on 9/27/17 at 6:27 pm to RLDSC FAN
Posted on 9/27/17 at 6:28 pm to RLDSC FAN
quote:We should all be proud of wiki.
America's top 1% now control 38.6% of the nation's wealth
Posted on 9/27/17 at 6:28 pm to RLDSC FAN
Can you define the top 1%?
Posted on 9/27/17 at 6:29 pm to RLDSC FAN
What do you have to make to be considered 1%?
Posted on 9/27/17 at 6:36 pm to GeorgeTheGreek
425,000ish.
Posted on 9/27/17 at 6:39 pm to Aristo
I think 1% is too big of a number, the real controllers are more like .01%, and even that could be too high.
Posted on 9/27/17 at 6:49 pm to RLDSC FAN
I remember a time when we would look to the very wealthy and try to emulate them instead of resenting their success.
Posted on 9/27/17 at 6:58 pm to RLDSC FAN
Thanks Obama, socialist aren't fans of a middle class.
Posted on 9/27/17 at 7:02 pm to cr32pll29
According to statistical data from the Internal Revenue Service (IRS), the top 1% had an adjusted gross income of $465,626 or higher for the 2014 tax year.
Top Percentages.
Top Percentages.
Posted on 9/27/17 at 7:04 pm to tLSU
quote:
425,000ish
Income and wealth are not the same. A newly graduated physician can have a high salary but is $250,000 in debt, leaving him with negative wealth. Nonetheless he pays significant amounts of taxes and is made a villain because of his "wealth."
This post was edited on 9/27/17 at 7:23 pm
Posted on 9/27/17 at 7:08 pm to Aristo
quote:To be in the top 1% in the Land Mass it was an adjusted gross income of $5,626 or higher for the 2014 tax year.
According to statistical data from the Internal Revenue Service (IRS), the top 1% had an adjusted gross income of $465,626 or higher for the 2014 tax year.
Plus a majority of your adult teeth still in situ.
"The poor ye shall have with you always..."
If we redistributed the Nation's wealth, in 20 years the new distribution curve would look the same or even more skewed towards the top 1%'s share.
This post was edited on 9/27/17 at 7:10 pm
Posted on 9/27/17 at 7:14 pm to RLDSC FAN
quote:
The OT needs to start sharing some of that money.
Do you think there is a limited amount of wealth to be shared?
Posted on 9/27/17 at 7:27 pm to Revelator
What I have read recently says that top 1% income $389k a year.
Top 1 percent wealth is 8.9 million (article was a few years old).
Big difference in those two.
Top 1 percent wealth is 8.9 million (article was a few years old).
Big difference in those two.
Posted on 9/27/17 at 7:36 pm to RLDSC FAN
First it was the blacks, then the Messicans, then the Jews, the Muslims, and now the rich.
Someone please make up their mind so I'll know who to hate. I can't do a proper job of hating a group if it keeps changing like that.
Someone please make up their mind so I'll know who to hate. I can't do a proper job of hating a group if it keeps changing like that.
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