Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

In America: The Top 1% Own 32.1% of The Country's Total Wealth, The Bottom 50% Own 2.5%
Mish Talk ^ | 02/14/2022 | Mike Shedlock

Posted on 02/14/2022 8:55:55 PM PST by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-51 last
To: DIRTYSECRET

Does this mean they should open a soup kitchen on the ships?
= = =

Those rich cruise passengers are just feeding the sharks that their ancestors once fed.


41 posted on 02/15/2022 7:47:04 AM PST by Scrambler Bob (My /s is more true than your /science (or you might mean /seance))
[ Post Reply | Private Reply | To 6 | View Replies]

To: SeekAndFind

“The percentage of wealth owned by the top 1% keeps rising over time. Who’s to credit or blame?”

As a general rule it takes money to make money and if you don’t have money it will cost you.

Also if you divided up all the money in the world into equal piles and gave each person their pile, in 10 or 20 years those who were rich will be rich again and those who were poor will be poor again.


42 posted on 02/15/2022 8:01:57 AM PST by BiglyCommentary
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

What is the quality of life for the lowest 2.5%?


43 posted on 02/15/2022 9:26:32 AM PST by married21 (As for me and my house, we will serve the Lord.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DesertRhino
Compare it to America capitalist era and see.

What and when is "America capitalist era" and what would I see?

44 posted on 02/15/2022 5:52:55 PM PST by TigersEye (Ashli Babbitt was murdered)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Chode

There just aren’t that many people that have the ambition and drive to do what it takes to get rich, they just sit back and expect wealth to fall from the sky.


45 posted on 02/15/2022 5:54:41 PM PST by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: BiglyCommentary
Also if you divided up all the money in the world into equal piles and gave each person their pile, in 10 or 20 years those who were rich will be rich again and those who were poor will be poor again.

That's exactly what happens if they ever do get Reparations for Slavery, just as in that Chappelle skit.

46 posted on 02/15/2022 5:55:34 PM PST by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 42 | View Replies]

To: dfwgator

like the asskicking they so richly deserve...


47 posted on 02/15/2022 6:08:17 PM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
[ Post Reply | Private Reply | To 45 | View Replies]

To: dfwgator; BiglyCommentary

One of the earliest Buddhist kings of Tibet did exactly that. By edict he required that all property be divided equally among the people. It took ONE year for it all to return to the way it was.

So he ordered it done again. Again it took ONE year to return to the way it was before.

He had compassion but lacked wisdom. He did gain some from the experiment and seeing his error never tried it again.


48 posted on 02/15/2022 6:43:44 PM PST by TigersEye (Ashli Babbitt was murdered)
[ Post Reply | Private Reply | To 46 | View Replies]

To: TigersEye

See the Bolsheviks understood this, so they took the money then just shot the people who had the money.


49 posted on 02/15/2022 6:44:34 PM PST by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 48 | View Replies]

To: dfwgator

LOL

I shouldn’t laugh, it’s true.

It’s amazing how many ways people can justify theft and murder and doing it on a grand scale seems to one of the most common ways to rationalize it.


50 posted on 02/15/2022 6:50:03 PM PST by TigersEye (Ashli Babbitt was murdered)
[ Post Reply | Private Reply | To 49 | View Replies]

To: TigersEye

I would think the post WWII era 1946 until 1966 would be a good snapshot to judge the economic power of the middle class vs the size of the 1%ers.

Let me know what you find.


51 posted on 02/16/2022 8:15:01 AM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up....)
[ Post Reply | Private Reply | To 44 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-51 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson