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Thread: The 1% will own more than the 99% by 2016, report says

  1. #181
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by UtahBill View Post
    As a member of the top 10%, I can see why so many people never make it. The wife and I educated ourselves, sought out jobs that paid well, spent conservatively, and in only 50 years became "rich". We have a bit over $1M in assets, and about $150K in retirement income.
    One of my siblings has about half that, which figures because she ran off 3 husbands and now remains single. The other 3 combined have next to nothing accumulated and just enough income to survive. How is it that in the same family, 2 are well situated, and 3 are very poor?
    Part of the answer is their inability to make good choices in life. You can't spend more than you earn and get ahead. You can't blow your paycheck on beer and smokes and expect to have a savings account. You can't quit school, or decide that 12 years of school is enough. It isn't likely you can visit the "beauty" parlor and nail salon every week and have money to properly raise and educate your children.
    The MAIN problem most of us have with getting "rich" is the person we see in the mirror.
    That describes most of my siblings, and their adult children. Only a few are doing well, the rest are poor and subsidized by our taxes.
    On my wife's side, out of 36, all but one are tax payers, some are already worth over a million, many more will be there in time.
    My parents were poor, I started out poor. My wife's parents were poor, she started out poor.
    The poverty cycle can be broken, if you really want it and are willing to work for it.
    Or you can wait til the government gives it to you. What are the odds of that happening?
    You're doing well. Congratulations.
    But, you're a long way from being one of the 1% owning half the world's wealth.

    And the good choices that they made often include getting the most effective lobbyists to make certain that laws favoring their accumulation of even more wealth get passed.

    Check this out:

    Oxfam said the wealth of the richest 80 doubled in cash terms between 2009 and 2014, and that there was an increasing tendency for wealth to be inherited and to be used as a lobbying tool by the rich to further their own interests. It noted that more than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches, while 20% have interests in the financial and insurance sectors, a group which saw their cash wealth increase by 11% in the 12 months to March 2014.

    These sectors spent $550m lobbying policymakers in Washington and Brussels during 2013. During the 2012 US election cycle alone, the financial sector provided $571m in campaign contributions.
    So, if you want the power of real wealth, as opposed to just having enough to live comfortably, then you need to be in the right business and to have some effective lobbyists on your side.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  2. #182
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Dittohead not! View Post
    You're doing well. Congratulations.
    But, you're a long way from being one of the 1% owning half the world's wealth.

    And the good choices that they made often include getting the most effective lobbyists to make certain that laws favoring their accumulation of even more wealth get passed.

    Check this out:



    So, if you want the power of real wealth, as opposed to just having enough to live comfortably, then you need to be in the right business and to have some effective lobbyists on your side.
    Why is this even an issue, who cares and how does it affect you? Great headlines that motivate and upset Obamabots but why you? Too many people spend way too much time worrying about who pays the taxes and how much they pay, why is that? Do you really believe class warfare is productive? Maybe of some of these so called poor people who are whining and complaining would get off their asses things might just improve in their own lives.

  3. #183
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by UtahBill View Post
    ...We have a bit over $1M in assets, and about $150K in retirement income....
    That's not even close to the type of rich we are talking about. I wouldn't define you as rich at all.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  4. #184
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by imagep View Post
    Nope. You don't have a clue what zero sum means.

    If the pool has X in it, if one person get's a larger percent of that pool, then someone else HAS to get a smaller percent of that pool. It's a mathematical law.

    Just for example, maybe the pool has 1000 units in it, ten people share from that pool, The boss get's 21% (210 units), and the other nine get 9% each (90 units).
    Good thing our economy doesn't work that way. that is the whole point. no one can own 90% of our economy.

    Now let's say that the next year the pool grows to 2000 units, if the boss decides that he is the reason that the size of the pool grew, and thus he is due a 1000 unit bonus on top of his 210 unit salary, he is then getting 60.5% of the pool, while the remaining 9 people can only average 4.4% of the pool - their percent of the pool shrank, even though the size of the pool increased.
    you are getting closer to how our economy works but not quite there yet.

    People look at this, and see that the workers still got paid as much, so they assume that no harm was caused to either the workers or the macroeconomy by the increase in production/profits not being shared equally.
    and you just lost how our economy works.

    What they fail to realize is that unless the fruits of the increasing productivity is shared more or less equally between all income classes, demand will not keep pace with productivity. So in the second year, the company produced twice as much, yet the workers can't purchase twice as much, and the boss, who acquired all of the fruits of the increase in production (his income went up over 500%), is highly unlikely to purchase 500% more.
    now you are just off on a tangent.

    So in the third year, the company would likely find that they had an excess of supply, and they would fire workers as they don't need as many. Worker income would tend to be depressed even more because we now have excess workers, which of course results in even lower demand. Ultimately, there is only enough demand for one worker (the owner), and he is only producing enough to satisfy is personal need, because there are no customers.
    it is a good thing our economy is not a company then. you almost had how our economy works but then lost it on a rant.

    the money supply contracts or grows based up on the federal reserve.
    if more money is needed in the system then the federal reserve allows for more money to enter the system.

    so as the economy grows in size there is always enough money supply to keep up with the growth.
    this means that it is not possible for the top 1% to own everything as if more money is needed the federal reserve will just release more into the system.


    now if we were under the gold standard then yes I would be worried because the money supply can only be as much as what gold holdings you have.
    so you are restricted by how much you can expand the money system.

    this could lead to what you describe. however since the federal reserve can expand the money supply at will then it isn't possible.

  5. #185
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by ocean515 View Post
    At the core, is a global social justice agenda that "mysteriously" also forms the basis for many other global efforts, including the AGW agenda. Is there any wonder why the pushers behind "immigration" and these myriad of other issues are all the same groups and people?

    Frankly, while it's alarming, it's also impressive. People have lost sight of what billions can do to manipulate and control others. I don't see it as a conspiracy, it's a very well funded, very sophisticated, global political/social effort. Rather amazing.
    Impressive indeed....

    Especially when you consider gw and the social reformation movement are one in the same.

    When the Berlin Wall fell, the anti-American "peace movement" so heavily infiltrated and funded by the KGB had nothing to do. You will recall it was only a few years before that that Margaret Thatcher began financing gw research as a means of breaking the stranglehold of the coal miners in Britain.

    Causes and operations changed to, Greenpeace was invented here in Vancouver, by the late 1980's Greenpeace was only active as a publicity generating organization, it sent is members to climb smokestacks and war at "corporate slavery" while their fight over the seas was largely ignored.

    Did you know that this island of floating garbage doesn't exist? It was made up by Greenpeace who hasn't had an operational ship in about two decades. Their money goes to raise more money and pay salaries.
    ""You know, when we sell to other countries, even if they're allies -- you never know about an ally. An ally can turn."
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  6. #186
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Dittohead not! View Post
    You're doing well. Congratulations.
    But, you're a long way from being one of the 1% owning half the world's wealth.

    And the good choices that they made often include getting the most effective lobbyists to make certain that laws favoring their accumulation of even more wealth get passed.

    Check this out:



    So, if you want the power of real wealth, as opposed to just having enough to live comfortably, then you need to be in the right business and to have some effective lobbyists on your side.
    I don't need great wealth or power....and we have more than enough to live comfortably. Our 2 homes are furnished on the cheap, no fancy stuff. We travel, help our kids (paid for their college and first used car and helped with down payments on their first house), and will help our grandkids. We donate to only a few charities, those who pay the executives a lot of money don't get a thing.
    We donate secretly to a different family each year at Christmas and during the year sometimes at fundraisers for people with serious medical problems.
    We have been fortunate and can afford to be generous.


    Money hoarded does generate a lot of wealth, but also a lot of problems.
    Oracle of Utah
    Truth rings hollow in empty heads.

  7. #187
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by imagep View Post
    That's not even close to the type of rich we are talking about. I wouldn't define you as rich at all.
    Funny, I feel rich...
    WE have all we need and most of our wants...
    Great wealth is a good thing if it is used to help others.
    Otherwise, it is just a bunch of numbers.
    Oracle of Utah
    Truth rings hollow in empty heads.

  8. #188
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Fearandloathing View Post
    Impressive indeed....

    Especially when you consider gw and the social reformation movement are one in the same.

    When the Berlin Wall fell, the anti-American "peace movement" so heavily infiltrated and funded by the KGB had nothing to do. You will recall it was only a few years before that that Margaret Thatcher began financing gw research as a means of breaking the stranglehold of the coal miners in Britain.

    Causes and operations changed to, Greenpeace was invented here in Vancouver, by the late 1980's Greenpeace was only active as a publicity generating organization, it sent is members to climb smokestacks and war at "corporate slavery" while their fight over the seas was largely ignored.

    Did you know that this island of floating garbage doesn't exist? It was made up by Greenpeace who hasn't had an operational ship in about two decades. Their money goes to raise more money and pay salaries.
    I am aware the Pacific Gyre has more to do with hyperbole than it does with facts. Along with Greenpeace, many "environmental" groups have been altered from their original mission. The Sierra Club is a great example of this. It exists today as a extremely well funded radical lobby group where the wealthy liberal elite can donate money and receive a tax write-off, but push a hidden Liberal/Progressive agenda through the usual suspects.

    I advise people to google the names of all these various think tanks, websites, and special interest groups, but add Open Society Institute, or Democracy Alliance, or Tides Foundation and learn about the connections and global effort. It's really quite an interconnected enterprise.

  9. #189
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by imagep View Post
    That's not even close to the type of rich we are talking about. I wouldn't define you as rich at all.
    Yep, if data breaks your argument, just reclassify the data. The same as the cultists do with AGW.

  10. #190
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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by imagep View Post
    0%. The top 1% will always equal 1% of our population, no more, no less.

    Or do you mean at what rate is the wealth of the 1% growing?
    At least someone understands math.

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