Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

The Cafe The Cafe

Top 1% (very interesting)

Posted by Anonymous   + Show Post

Thought some might find this interesting.

A different way to express the wealth inequality in America today.

http://www.youtube.com/watch?v=QPKKQnijnsM&feature=player_embedded

I was shocked; AND I'M A CONSERVATIVE!!!

Posted by Anonymous on Apr. 9, 2013 at 3:41 PM
Replies (41-50):
GertieK
by Silver Member on Apr. 10, 2013 at 4:33 PM
2 moms liked this

This whole business of "sharing the wealth" with the "less fortunate" is BS.  Words that actually translate into taxing the heck out of everyone who pays in to support those who don't.  And, if you are rich, is there a problem with living a life of luxury?  Isn't that why they busted their butts and sacrificed to get where they are?  While some people inherit, most people earn every single penny in their bank account.  I am sick and tired of the word play.  Yes, the are those we are absolutely are supposed to help.  But, there comes a point where we have done too much and have created a monster.  And for the lady who expounded the following:

It's not about being less worthy, it is about having money for infrastructure, education, making colleges affordable, for instance.  It's about having the federal dollars available to do things like have affordable health care for everyone, affordable college educations so graduates aren't saddled with $100K in education loans, local public schools having the funds to pay teachers a good wage to keep good teachers and to have the money for the arts and all the other programs that we parents want our kids to have, building new schools in overcrowded districts.  It's about having the federal dollars to fund alternative sources of energy so we can break our dependence on fossil fuels once and for all.  It's about having the federal funds to invest in research to find cures for diseases like parkinsons, alzheimers and cancer.  It's about having the federal dollars to update our road ways, our aging sewer systems, our aging bridges. 

Are you freaking kidding me?  The money is there - but the way it is being spent is unbelievable.  Throwing more money at our school system will fix absolutely nothing.  You better look into this Common Core Curriculum crap if you really care about our educational system because it is about to get WAY WORSE.  How many years could your home function without a budget?  All this BS drives me NUTS.  This stinking president hasn't managed to put a budget together in over 5 years.  Of course, if he did, his spending habits would become way too obvious.  Get people off of their duffs and earning whatever they receive.  Get rid of food stamps and go back to comodities.  If you are truly hungry, here is food for you to eat.  It will, however, be simple food - beans, rice, cheese, etc. - you know, the same kind of food the rest of us who work can afford.  Food stamp fraud DOUBLED between 2008 and 2011 - and I guarantee that isn't even close to the real number.  I am so fed up with this whole mess, and I am not alone.  Lots of us who work and pay taxes have about had a belly full.  The government was NEVER meant to be people's daddy.  Time to wake up and smell the coffee.  We are about to crash and burn.  If you are really interested and care about what is going on, why it is happening, and where the process came from, look up Cloward Piven. 

Clairwil
by Silver Member on Apr. 10, 2013 at 4:49 PM
Quoting Anonymous:
Quoting Clairwil:
Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.

How much of the annual gain in wealth (income + capital gains) goes to the top 25%, though?  Far more than 85%.

What does that have to do with the price of eggs in China??  It proves the other 75% pay 15% of taxes.  What does capitol gains have to do with anything?  You are punished for saving and making money now.  And Obama wants you to give the govt even more of the gains you make.  Sucks.  Don't even get me starting on the double dipping that is done on inheritance taxes either.  Govt wants to take it all and squander it. 

Capital gains is very relevant.   When you have that level of wealth, you have quite a bit of freedom as to whether you classify the wealth you are gaining as being income, or capital gains - it is a choice of financial instrument and legal structure, like whether you pay yourself a massive salary as CEO, or instead let the company (that you own most of the shares in) gain in value.

Readyforbaby2
by on Apr. 10, 2013 at 5:13 PM
1 mom liked this

 Very interesting!

gigis1
by on Apr. 10, 2013 at 6:41 PM

I've known this long ago but each time I see the nubers again, it's like a slap/kick/punch/pinch/burn in the face.

tonijustine
by on Apr. 10, 2013 at 6:47 PM


Your "understanding" of math boggles the mind. You can't use an average to determine the lowest threshold. 

Do this exercise: write the numbers 1 through 100 on a sheet of paper. Take the top 10%. The top 10% starts at 91, but if you add up the total of the top 10% you get 955. If you then divide that by 10 to average that, you get 95.5. 

The threshold is 91, the average is 95.5.

Your argument is based on a fallacy.

Quoting PinkButterfly66:

Yes, I know how to read and I do understand the average. That is my point.  An annual salary of $250,000 IS not the top 1% nationally.

Quoting marchantmom06:

Did you read what you posted? Or do you know what AVERAGE means? They take the top earners of 27 million dollars annually and the bottome earners of the one percent and average it out. 717,000 is not what one needs to earn to be considered 1%.


understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000


Quoting PinkButterfly66:

Nope, $250,000, does not qualify as the top 1%, nationally -- maybe locally depending on the state where you live.

http://www.nytimes.com/interactive/2011/10/30/nyregion/where-the-one-percent-fit-in-the-hierarchy-of-income.html?_r=0

http://www.forbes.com/sites/moneywisewomen/2012/03/21/average-america-vs-the-one-percent/

"Before you can talk about the 1 percent, it’s important to put the figures into perspective by understanding exactly what that figure means. The average annual income of the top 1 percent of the population is $717,000, compared to the average income of the rest of the population, which is around $51,000. The real disparity between the classes isn’t in income, however, but in net value: The 1 percent are worth about $8.4 million, or 70 times the worth of the lower classes."


"The 1 percent are executives, doctors, lawyers and politicians, among other things. Within this group of people is an even smaller and wealthier subset of people, 1 percent of the top, or .01 percent of the entire nation. Those people have incomes of over $27 million, or roughly 540 times the national average income. Altogether, the top 1 percent control 43 percent of the wealth in the nation; the next 4 percent control an additional 29 percent."

Pretty eye opening, huh?
Quoting Anonymous:

I read on websites $250,000 and higher. You can say what you want. We have a friend who makes more than a million a year and busts his butt working. It is people like you who do not really know. Yes, some do not work. Many do.





Quoting PinkButterfly66:

The top one percent is defined as having a minimum income of $516,633 in 2010, there are higher incomes than that and they life a different lifestyle and actually do "all the crap mentioned".  They don't work 7 days a week and do live the life of leisure.  Comments?

Quoting Anonymous:

Dh works his ass off and we are in the top 1% and yes we pay 45%. Trying to tell you that you do not know what you are talking about. You need to research more. Dh does not golf ever. Works 7 days a week. Does not work for himself and does not attend all the crap you mentioned.








Quoting Anonymous:

 You pay 45% of your income to the government....




AND YOU'RE DEFENDING THE TOP 1%????




One of us missed something.








Quoting Anonymous:

We pay 45% in total taxes. I'll just leave it at that. Always owe at tax time.





Quoting Anonymous:




 Apparently, I was unclear.  What I was getting at was looking at the top 1%, not the top 25% or who pays the most taxes.





Are you in the top 1%?










Quoting Anonymous:

Who cares how the top 25% pays taxes. They pay nearly all the taxes.






Quoting Anonymous:





 I have done research.  The top 25% may pay 85% of taxes, but how does that break down according to percentage of wealth and how does that breakdown look over the entire top 25%?  So the point I mentioned is above the 25% mark, so what?












Quoting Anonymous:

Do research. The top 25% pays 85% of taxes.







Quoting Anonymous:






 1. Yeah, that's a nice thing to say, but I've been working my butt off all my life (as has my DH) and we're no better off than when we started, in fact, we're not even that well off anymore.







2. Who pays the most taxes is NOT the top 1%.  There's a point at which the top X% are paying less than the tens of percentages below them.







3. As I said, I'm a conservative.  I don't agree with stealing from Peter to pay Paul either.
The market isn't free to regulate itself, therefore the rich keep getting richer and the rest just keep getting poorer.  The government has bound up the market in just enough laws and regulations to make it impossible for anyone to GET to the "top".














Quoting Anonymous:

Then get off your ass and become the top. Who pays the most taxes because the bottom 50% don't pay shit and many take and don't give dime. I hate the steal from Peter to pay Paul.


























































Anonymous
by Anonymous on Apr. 10, 2013 at 7:36 PM
All those who want wealth distribution please state how this is to happen?? Socalism??? Cut salaries? Over pay for jobs?? More handouts???
GertieK
by Silver Member on Apr. 11, 2013 at 8:32 AM
2 moms liked this

Socialism.  Communism.  Take your pick.  As the wonderful Margaret Thatcher once said, "The problem with wealth distribution is, eventually you run out of other people's money."  Our illustrious leader is not a fan of America and who we are at our very core.  Leveling the playing field is just another way of taking from Peter (who worked for and earned his stuff) and giving it to Paul (who did not).  No incentives there to even try, and many reasons to move your wealth to another location to keep it from being stolen by the government, or not starting up a company, or closing the one down that can no longer survive all the bites being taken out of it.  All very intentional.  It isn't about money.  It is about power and control of the masses, and they just about have it all zipped up.  Hold on to your girdle Myrtle, because it is going to be a very bumpy ride.


Quoting Anonymous:

All those who want wealth distribution please state how this is to happen?? Socalism??? Cut salaries? Over pay for jobs?? More handouts???



Anonymous
by Anonymous - Original Poster on Apr. 11, 2013 at 12:11 PM

 Me too.


Quoting gigis1:

I've known this long ago but each time I see the nubers again, it's like a slap/kick/punch/pinch/burn in the face.


 

Anonymous
by Anonymous - Original Poster on Apr. 11, 2013 at 12:26 PM

 I don't want wealth RE-distribution.  I want the government to keep itself confined to its own jurisdiction, which does NOT include legislating that ppl who do work worth less than what it thinks ppl should be paid CANNOT work (and therefore cannot get paid justly); then they fund those who cannot get work b/c their work is not worth what the government says "minimum" wage should be.

Socialism is where we're headed already (I DON'T WANT THAT, AS I'VE STATED AND HAD TO RESTATE REPEATEDLY, I AM A CONSERVATIVE).  Look at what Ms. Harris-Perry said about children, that they belong to the community, etc.  See FB page for Dr. John Sterling.  He compares her statement to an eerily similar statement made by a very famous historic figure.

Cut salaries?  NO!!
Over pay for jobs?? NO!!!
Handouts??? NO THANK YOU!!!
I JUST WANT THE GOVERNMENT TO LEAVE THE MARKET ALONE!!! THEY HAVE NO BUSINESS GETTING INVOLVED.  PRINTING EXTRA MONEY IS NOT JUST INFLATION, IT'S ILLEGAL TAXATION!!!


Quoting Anonymous:

All those who want wealth distribution please state how this is to happen?? Socalism??? Cut salaries? Over pay for jobs?? More handouts???


 

Anonymous
by Anonymous - Original Poster on Apr. 11, 2013 at 12:29 PM

 Yeah, what she said!!!


Quoting GertieK:

Socialism.  Communism.  Take your pick.  As the wonderful Margaret Thatcher once said, "The problem with wealth distribution is, eventually you run out of other people's money."  Our illustrious leader is not a fan of America and who we are at our very core.  Leveling the playing field is just another way of taking from Peter (who worked for and earned his stuff) and giving it to Paul (who did not).  No incentives there to even try, and many reasons to move your wealth to another location to keep it from being stolen by the government, or not starting up a company, or closing the one down that can no longer survive all the bites being taken out of it.  All very intentional.  It isn't about money.  It is about power and control of the masses, and they just about have it all zipped up.  Hold on to your girdle Myrtle, because it is going to be a very bumpy ride.

 

Quoting Anonymous:

All those who want wealth distribution please state how this is to happen?? Socalism??? Cut salaries? Over pay for jobs?? More handouts???

 

 


 

Add your quick reply below:
You must be a member to reply to this post.
Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)