400 Americans richer than half of all Americans combined
Posted on Friday, March 11, 2011 at 08:38 AM
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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.
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.
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jamthecat | Mar 11, 2011, 06:11 PM EST
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.
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rpmschevy | Mar 11, 2011, 05:44 PM EST
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.
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FastEddy | Mar 11, 2011, 05:12 PM EST
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?
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seanomelbourne | Mar 11, 2011, 05:04 PM EST
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.
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Nicomax | Mar 11, 2011, 12:34 PM EST
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.
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LoyalCitizen | Mar 11, 2011, 11:48 AM EST
It is certainly and advertisement for education having a well ordered society where a few have too much.
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curranart | Mar 11, 2011, 11:06 AM EST
It wouldnt be hard to dig out whos the wealthiest 400 in Ireland after the last 15 years.
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DLW12183 | Mar 11, 2011, 09:49 AM EST
Entitlements don't make you wealthy. It only keeps you up with the majority.
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