Manhattan Diary


400 Americans richer than half of all Americans combined

Posted on Friday, March 11, 2011 at 08:38 AM

RSS


Recent Posts

Archives

submit to reddit

400 Americans now have more wealth than half of all Americans combined. You read that right. To hear some observers tell it, we now have four hundred untouchable Mubaraks of our own who have more cash, more stock and more property than 155 million Americans combined.

The richest 1 percent have more wealth now than the bottom 95 percent combined.They're also enjoying the lowest tax rates in their lifetimes.

Here's a scale of the actual distribution of wealth in America (and it's not what most American's think it is).












Print this out and put it somewhere you can see it every day. America used to say that all men are created equal, but this is a chart that says, firmly and finally, that terms and conditions now apply to that statement.

Oh, and you work longer hours and more days for less legal holidays than any other developed nation. Now, back to the grindstone with you.




24 comments

Previous Page 2 of 2 pages
Got the new Michael Moore talking points, huh? Fine, wrap yourself in that silly security blanket of cluelessness. But do us all a favor and stop calling yourself "Democrats" or "Liberals" or "Progressives" and just call yourself what you are: COMMUNISTS. And then move to a country where the conditions are less egregious and you can be "free" from "slavery." I hear that things are much more "equal" in Cuba, for instance. But since Cahir has got himself some figures I'll throw these into the mix. The total wealth of ALL the billionaires in the United States is $1.3 trillion. Take it all away from them and apply the entire amount to the 2011 Federal deficit ($1.6 trillion). And then, since you've wiped all the evil rich people, figure out what to do about the remaining $300 billion of this year's deficit. And then you can make your plans for 2012...and 2013...and 2014... Based on the level of economic understanding being displayed by the Leftists on here, my suggestion would be that when you make good your escape from the gulag that is the United States, you flee to a place where the economy is small enough for even you to understand.
What rpmschevy fails to note is that he and others like him are helping those 400 get even richer off their own backs, and I just don't understand that. He and his ilk are more concerned about people in poverty not paying taxes and "getting something for nothing" than they are with the fact that the rich are looting the US treasury, stealing people's savings and violating every law there is on the books, all with the help of both Democrats AND Republicans. That's seriously insane.
While this may be true, what this liberal website keeps failing to state or show, is that we our at the point where nearly half of the people in this country, who, if they vote, vote democrat, pay no taxes at all. People read that again, nearly 50% of the people in this great country pay no taxes. Instead those of who are generally considered, or were, the most productive people in the world, pay for nearly half of this country to live and be non-producers. All because Democrats do not want to hold people responsible for their actions.
seaomelbourne: "The richest 1% got there by climbing over the backs of the middle class and 50% of the middle class vote for the GOP the party of the 1%. ..." ... and have been paying big taxes all along the way. The wealthiest 2% pay 95% of all US income taxes, fines, fees, tithes and tributes. Exxon/Mobile pays more taxes every year than ALL US income taxpayers. So, what do you want seao? All of it?
The richest 1% got there by climbing over the backs of the middle class and 50% of the middle class vote for the GOP the party of the 1%. They are constantly told that they can rise to the 1% Level by hard work the chances of attaining the 1% is about 1in 3,500,000,.You certainly can fool half of the people all of the time.
We can skip over these charts at our peril. If you say anything, or promote policy changes, you are accused of class warfare, often by those at the bottom of the economic barrel.
It is certainly and advertisement for education having a well ordered society where a few have too much.
It wouldnt be hard to dig out whos the wealthiest 400 in Ireland after the last 15 years.
Entitlements don't make you wealthy. It only keeps you up with the majority.
Previous Page 2 of 2 pages




Log into IrishCentral with your Facebook account


or sign-in directly

E-Mail:
Password:
 Remember me Forgot my password
Not a member? Register Now!
print this article Print
email this articleE-mail