What is so alarming about a “gap between the rich and poor”?
Last year I made 46,000. After being out of work for 6 months I took a job making 38,000. When a nation is full of people who love sin, there are consequences. The LORD will provide.
And most Americans will believe it.
I stopped reading right there (insert sound of paper being balled up and thrown into the wastebasket).
The author confuses income with wealth, and vice versa...which makes the rest of the article suspect.
What is alarming is the fall in middle class net worth. Attempting to generate hate and envy of between fellow Americans is nothing but pure domestic warmongering. This writer deserves a slip knot around his neck.
There fixed it...
By using this terminology they want to leave the subliminal impression that everyone's income should be equal, and that if incomes aren't equal then this is a problem that needs to be fixed by government liberals.
It’s called “socialism”.
It’s a transition between a free system and a communist one.
Marx wanted to get rid of the middle class.
We’ve been implementing Marx’s ideas - now we’re surprised at the results?
US middle class' net worth lowest in decadesGee whiz. Now why would that be?
Any chance it's because of what Clinton and the RATS pulled off with Banking Regulations they wrote. Like FORCING all lenders to give - and I mean GIVE - money to people whose odds of paying it back were next to zero! Or the massive fraud and corruption at Fanny and Freddy all under the eyes of the RAT controlled congress. Which iirc sort of had an effect on the Housing market and 'wealth' of all homeowners when the deadbeats went deadbeat on their loans.
And currently, like since king Barry claimed the throne the credit rating of the USA has been downgraded TWICE! Annnnnd that little gimmick of Barry's boys Hank and Timmy called Quantitative Easing, that thus far they pulled off twice: QE1 and QE2. Which sort of devalued the Dollar to the level of the the freaking Peso!
Wait, I was confused for a sec. I know now the above is wrong, my mistake. It was all Bush's Fault! It was him and his dang spending after that little thing that happened on Sept 11, 2001. So what if the NSYE was closed for a couple days and our economy was in a meltdown mode after it reopened due to uncertainty of the future.
But maybe worse of all, Dubya never promised us a Pony, or never gave us a FREE Bush-Phone dammit to hell! So it has to be all his fault. Yep, him and partner in crime, Darth Cheney -- Harrumph! Harrumph! Harrumph!
This guy took the median middle class net worth and then compared it to the average 1%er’s net worth. I would like to know what the median 1%er’s net worth is. Here in the Northeast, I know many who make more than 400k per year, which I believe would qualify them as 1%ers. Thing is, none of the folks I know are worth anywhere 14 million. I suspect the median 1%er is worth less than a million due to medical and law school loans as well as mortgage debt.