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

Conservative said:
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%?
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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.
 
cpwill said:
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 :mrgreen: :usflag2:
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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).
 
UtahBill said:
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?
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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.
 
Texmex said:
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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Great post!
 
Texmex said:
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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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.
:roll:
 
ludin said:
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.
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Straw, he didn't create a absolutist argument.

ol yea our economy isn't a zero sum game.
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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.
:roll:
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Again with the straw.
 
ludin said:
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.
:roll:
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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.
 
AliHajiSheik said:
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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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?
 
iguanaman said:
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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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
 
Conservative said:
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%?
Click to expand...
Actually, it is closer to 7B people in the world, so yes, 1% would be 70 million.

Math is hard, huh Barbie?
 
Conservative said:
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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Only the mind of a conservative does nothing else matter but themselves. We are all effected by our economy and we all are involved in making sure it works.
 
Conservative said:
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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So you do accept that 1% of 7B is 70M?
 
ocean515 said:
Indeed. It's a fascinating study of propaganda and societal manipulation in the modern age. The front and center groups make claims about the evils of the rich, or whatever the bright shiny object is, and then surround the claim with learned research from thoughtful sounding groups like the Center for Budget and Policy Priorities. Not mentioned is they own them. On and on it goes. And the target audience laps it up, and carries the torch, oblivious to how they've been played.

That's what they've done to California, and the blind gleefully assist in the dismantling of a once mighty economic powerhouse.
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I had forgotten the ubiquitous use of the word "policy", and add "center", they all follow a well trod path.

In thinking about this post-60's trend, I wonder if this is results from an honest attempt to bring politicians into account in the infamous "peace" demonstrations, often a front for hedonism run amok with really cool colors. As we have "progressed", an we have, we in the west have become more comfortable, with, at one time more disposable income than any generation in history. Built into that, is human nature to absolve our wealth guilt with "causes", from strapping on waders to clean cooking oil off sea urchins, to throwing money at annoying inventions like "I'm a Girl", whatever the **** that is with it's shiny-skinned, perma-smile geeks clogging the streets.

Simply put, there is more money available now. And it's easy to raise if you're not a church.

I have often wanted to get a bumper sticker that read "Your cause here - cash only", or even better, a serious bit of provocation like "Drill now, then the moon" or start a cause to reduce the threat to the Sevengill Shark a la global warming. No one needs to know that the more familiar "Broadnose" Shark is not threatened in any way and probably wouldn't be as it is the most adaptable shark known and in far too great abundance.

I bet, in today's climate, we could score a fortune just for the ever necessary "awareness campaign".
 
Gimmesometruth said:
Actually, it is closer to 7B people in the world, so yes, 1% would be 70 million.

Math is hard, huh Barbie?
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Yep, very hard for people like you, so what you are saying is that most of the wealth in the world is held by 70 MILLION People? That is a lot of tax revenue and spending isn't it
 
Conservative said:
Yes, only in America are there no top limits on what people can earn and many at the bottom have risen to the top through hard work, risk taking and no whining
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Actually that's kind of standard for any country that wants a decent hockey team.

Look at Switzerland, all that snow and they can't even skate. they have a wealth tax.

I mean, there are goalies making millions per year...not a measly $700K. FFS, you can't even get a spare part 4th liner or that.
 
iguanaman said:
Only the mind of a conservative does nothing else matter but themselves. We are all effected by our economy and we all are involved in making sure it works.
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Yes, we are affected by the economy and that is why there are 7 million part time workers today who want full time jobs, high numbers of people dropping out of the labor force, 11.2% total unemployment(17.6 million). In the mind of a liberal just throw more money at the problem and since the debt doesn't affect you or so you think, just because you have a job, just because there is a D in the WH nothing else really matters. I call that the real selfishness. You don't see Conservatives complaining about what someone else earns or pays in taxes. You don't see conservatives demonizing individual wealth creation. You don't see conservatives calling for more social spending which is a state not a federal responsibility. It really is sad that we have people like you. Gruber has to be smiling when he reads your posts.
 
Conservative said:
Yep, very hard for people like you, so what you are saying is that most of the wealth in the world is held by 70 MILLION People? That is a lot of tax revenue and spending isn't it
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Relative to what? To those who have a higher propensity to spend? Er....no.

DUH!
 
Conservative said:
Yep, very hard for people like you, so what you are saying is that most of the wealth in the world is held by 70 MILLION People? That is a lot of tax revenue and spending isn't it
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Not nearly as much spending as there would be if that number was 700 million. That's what you always forget.
 
Fearandloathing said:
I had forgotten the ubiquitous use of the word "policy", and add "center", they all follow a well trod path.

In thinking about this post-60's trend, I wonder if this is results from an honest attempt to bring politicians into account in the infamous "peace" demonstrations, often a front for hedonism run amok with really cool colors. As we have "progressed", an we have, we in the west have become more comfortable, with, at one time more disposable income than any generation in history. Built into that, is human nature to absolve our wealth guilt with "causes", from strapping on waders to clean cooking oil off sea urchins, to throwing money at annoying inventions like "I'm a Girl", whatever the **** that is with it's shiny-skinned, perma-smile geeks clogging the streets.

Simply put, there is more money available now. And it's easy to raise if you're not a church.

I have often wanted to get a bumper sticker that read "Your cause here - cash only", or even better, a serious bit of provocation like "Drill now, then the moon" or start a cause to reduce the threat to the Sevengill Shark a la global warming. No one needs to know that the more familiar "Broadnose" Shark is not threatened in any way and probably wouldn't be as it is the most adaptable shark known and in far too great abundance.

I bet, in today's climate, we could score a fortune just for the ever necessary "awareness campaign".
Click to expand...


LOL. You reminded me of something.

Many years ago, fresh from college, I printed a bumper sticker to sell at swap meets. I thought it covered a lot of ground, and had a wide appeal. I pitched it as four causes for the price of one.

"NUKE GAY WHALES FOR JESUS".

If I didn't have a habit of buying beer with the profits, I might have made a few bucks.

It's all quite the circus, and yes, today, there is quite an alarming bit of well thought out bait for the gullible and easily influenced.
 
Middleground said:
You are off by almost half (and this was 2012). According to Forbes:




Average America vs the One Percent - Forbes
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The top 1% make only $717,000 annually?

****, the Vancouver Canucks don't have a player under $980,000, and if you add up the rosters of the NBA, MLB, movie stars, Hip hoppers, pro golfers, the NFL and Nascar drivers, you have few billion there.

Not that i matters. The number is just a number. Who says a football player or a movie star has to give away money because someone doesn't earn as much? They don't have the ability to score touchdowns or enthrall us with make believe. They didn't bother with an education and have to work at Mac's Milk.

So?
 
Gimmesometruth said:
Relative to what? To those who have a higher propensity to spend? Er....no.

DUH!
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Again, what people do with their own money is of concern to you why? Why do you care what someone else pays in taxes? How did any rich person prevent you from joining them? Please explain to me why we need a 3.9 trillion dollar Federal govt. and higher taxes on anyone?
 
iguanaman said:
Not nearly as much spending as there would be if that number was 700 million. That's what you always forget.
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I forget that liberals really are the selfish people and always want someone else to pay for services and things they want. There is never enough money to fund the liberal spending appetite. Still waiting for you to tell he how any rich person prevented you from joining them?
 
ocean515 said:
LOL. You reminded me of something.

Many years ago, fresh from college, I printed a bumper sticker to sell at swap meets. I thought it covered a lot of ground, and had a wide appeal. I pitched it as four causes for the price of one.

"NUKE GAY WHALES FOR JESUS".

If I didn't have a habit of buying beer with the profits, I might have made a few bucks.

It's all quite the circus, and yes, tod

ay, there is quite an alarming bit of well thought out bait for the gullible and easily influenced.
Click to expand...

without the 'Jesus' end, we actually had bumper stickers that said "nuke gay wales now" and "Move, you're in the way of a pipeline."
 
JANFU said:
What do you think? The middle class is disappearing. At one time increases in productivity equated to wage increases.
https://fortune.com/2015/01/19/the-1-will-own-more-than-the-99-by-2016-report-says/
The richest 1% of the population will own more than half of the world’s wealth by next year as inequality continues its relentless rise across the globe, a new report out Monday says.

The report, by the U.K.-based charity Oxfam, shows that the top 1% have grown their share of global wealth constantly since 2010. After dipping at 44% in the wake of the 2008 financial crisis, it rose to 48% by the end of last year and is poised to top 50% by the end of next year.
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Can you explain to me who is buying all the middle class homes in this country?




http://www.reuters.com/middle-class-infographic
 
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