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

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

    Quote Originally Posted by Conservative View Post
    So you are telling me 1% of the worlds population which includes women and children along with other non working people are equal to 1% of the top income earners? Are you sure you want to claim that someone understands math?

    There are approximately 6 billion people and 1% of that number would be 60 million. Are you telling me that there are 60 million people making up the top 1%?
    You are saying that women (and perhaps most children) are non-working people?

    I guarantee that the top 1% is made up of 1% of the population. Same for the bottom 1%, the middle 1% and any of the other 1%'s.

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

    Quote Originally Posted by cpwill View Post
    That... is... awesome. We are so awesome at doing so many awesome things that you have to make $717K a year just to break into our top 1%. Go America
    No, that's not what he said at all.

    He said that "the average annual income of top percent", that doesn't imply that the top one percent starts at that point.

    I've seen a figure more than double that for the average income of the 1%, I suspect that his figure is the median income for 1%ers, and not the mean income (which is closer to $1.5 million).
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    ...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.

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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 should be proud of yourself and your wife. You two took to bull by the horns and made barbeque. Sorry to hear about your lazy siblings, though I would like to hear their side of the story. The problem is it doesn't always work the way you described, and it isn't always about laziness.

    My father worked his entire life and saved a lot of money. Too bad that illness took everything he had. I guess it was because of our laziness. Don't worry, we recovered. It only took a few decades.

    Both your story and mine are just that, two stories out of a sea of stories. Neither one has a lot to do about how the rich have systemically moved the money from the bottom to the top and have recruited the republicans to do their dirty work for them.

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

    Quote Originally Posted by Texmex View Post
    You should be proud of yourself and your wife. You two took to bull by the horns and made barbeque. Sorry to hear about your lazy siblings, though I would like to hear their side of the story. The problem is it doesn't always work the way you described, and it isn't always about laziness.

    My father worked his entire life and saved a lot of money. Too bad that illness took everything he had. I guess it was because of our laziness. Don't worry, we recovered. It only took a few decades.

    Both your story and mine are just that, two stories out of a sea of stories. Neither one has a lot to do about how the rich have systemically moved the money from the bottom to the top and have recruited the republicans to do their dirty work for them.
    Great post!
    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.

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

    Quote Originally Posted by Texmex View Post
    Neither one has a lot to do about how the rich have systemically moved the money from the bottom to the top and have recruited the republicans to do their dirty work for them..
    yet people still work still get paid still own, buy sell, cars, homes and everything else.
    go figure. how could they do that with all those rich people taking all the money for themselves.

    ol yea our economy isn't a zero sum game.

    because the rich never invest, loan, or give money to other people they just hold it under their beds.

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

    Quote Originally Posted by ludin View Post
    yet people still work still get paid still own, buy sell, cars, homes and everything else.
    go figure. how could they do that with all those rich people taking all the money for themselves.
    Straw, he didn't create a absolutist argument.

    ol yea our economy isn't a zero sum game.
    Really? at any point in time there is not a finite amount of wealth?

    because the rich never invest, loan, or give money to other people they just hold it under their beds.
    Again with the straw.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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

    Quote Originally Posted by ludin View Post
    yet people still work still get paid still own, buy sell, cars, homes and everything else.
    go figure. how could they do that with all those rich people taking all the money for themselves.

    ol yea our economy isn't a zero sum game.

    because the rich never invest, loan, or give money to other people they just hold it under their beds.
    The rich do what they can to make more. For that we are supposed to be eternally grateful?
    They can't keep taking more of the pie forever, it is the trend that is most distressing. It doesn't matter if the pie is growing if they keep taking bigger pieces of it.

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

    Quote Originally Posted by AliHajiSheik View Post
    You are saying that women (and perhaps most children) are non-working people?

    I guarantee that the top 1% is made up of 1% of the population. Same for the bottom 1%, the middle 1% and any of the other 1%'s.
    So you believe there are 60 million people in the top 1% wealthiest individuals in the world? 60 MILLION?? Sounds like a lot of taxpayers and a lot of spending to me so what is your problem?

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

    Quote Originally Posted by iguanaman View Post
    The rich do what they can to make more. For that we are supposed to be eternally grateful?
    They can't keep taking more of the pie forever, it is the trend that is most distressing. It doesn't matter if the pie is growing if they keep taking bigger pieces of it.
    For that why do you care? You never answer the question as to why what someone else makes or pays in taxes is so important to you? Keep running and dodging

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

    Quote Originally Posted by Conservative View Post
    So you are telling me 1% of the worlds population which includes women and children along with other non working people are equal to 1% of the top income earners? Are you sure you want to claim that someone understands math?

    There are approximately 6 billion people and 1% of that number would be 60 million. Are you telling me that there are 60 million people making up the top 1%?
    Actually, it is closer to 7B people in the world, so yes, 1% would be 70 million.

    Math is hard, huh Barbie?
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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