Posted on 04/29/2015 7:09:35 PM PDT by Rusty0604
Inequality in wealth is approaching record levels again, as everyone now harps on not the 1%, by the top 10%. The top 10% of families own 75.3% of the nation’s wealth. So if you have $827,000 in total net worth (real estate, stocks, savings, everything) – that’s you. The bottom half of families own 1.1% of it. The families squished in between those two groups own 24.6% of the national wealth.
The fascinating solution is always to tax the rich bastards more to drag them down to even the scale. This is like seeing someone with a nice watch and taking it because it is not fair that they have something you do not. Hillary, who is clearly in the top 1%, claims she stands for toppling the top 1%. I suppose her goal is to make everyone equally poor except her and her backers. When she was championing healthcare, her response to a question that it would put small mom and pop stores out of business was crude. If they could not afford it, then they should not be in business.
Nobody ever looks at what is keeping the bottom 90% of families from reaching the top 10%. Two primary factors come into play. Government does not care about what they preach and neither do the hosts on MSNBC who champion hating the rich, yet they themselves all earn enough to be in that top 10%. On top of that, four of MSNBC hosts have serious tax liens against them and owe the government millions. Al Sharpton allegedly has owes $4.5 million, so he is in the top 1%.
(Excerpt) Read more at armstrongeconomics.com ...
Those rich slobs who run a particular investment bank in NYC let me earn a great salary and a million perks. And I didn’t have to take the risk with my capital. all for playing on the computer (low end graphics presentations)
Porn, gambling, etc.
Our poor people are wealthy compared to a large percentage of the population of the world.
People who spend every cent they can get their hands on the minute they get their hands on it will never have wealth no mater how much of other peoples' money you steal and give to them.
As long as there is inequality of ambition, there will be inequality of wealth.
If you took all the money from the rich and gave it to the poor, the rich would have it all back within a year.
Frankly, that’s why I don’t worry too much about reparations.....what are they going to do with the money? Give it all right back. There was a Chapelle skit about just that.
https://www.youtube.com/watch?v=Fg6J1Skptbs
It’s up to the Central Planners to decide who makes too much, or too little.
Guess i am not in the top 10% then.
“You got to, Fight..
for your Right...
to,,..... Party....”
That’s a great post!
Good one!
Appropriated as a tag line!
With attribution this time!
Wow, I’m honored.
“As long as there is inequality of ambition, there will be inequality of wealth.”
Outstanding!
Looks like you, my FRiend, have made intellectual history tonight right here on FR. Did you give any thought to your statement or did it just come out? I am not making fun, in fact, I will use your statement anytime someone wants to talk about wealth inequality.
I have used that argument before, but it took me several minutes to explain what you did in one short sentence.
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