Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » The 1% Close to Having As Much Wealth as the Entire Middle Class
  1. Results 91 to 120 of 379
  2. Page 4 of 13
  3. First
  5. 2
  6. 3
  7. 4
  8. 5
  9. 6
  11. Last

Thread: The 1% Close to Having As Much Wealth as the Entire Middle Class

post 1591357811 11-10-2019, 07:35 PM
-
#91
  1. ymer
  1. ymer
  3. Join Date: Feb 2005
  4. Posts: 24,422
  5. Rep Power: 86079
Post deleted by user
post 1591358001 11-10-2019, 07:38 PM
-
#92
  1. BigDeeps01
  2. Registered User
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 56
  5. Posts: 26,735
  6. Rep Power: 169715
Originally Posted By ymer⏩
Here's some rocket science advice to poorcels:

Live within your means and save the rest.
Mind = Blown

I feel like my current house is above my means. It's about 10% of my monthly income but for just me and my girl it's unnecessarily big at 2400 square feet. I may rent it out next year and buy a smaller house with a smaller monthly
post 1591358681 11-10-2019, 07:50 PM
-
#93
  1. rikugunchusa
  2. Registered User
  1. rikugunchusa
  2. Registered User
  3. Join Date: Oct 2017
  4. Age: 56
  5. Posts: 2,956
  6. Rep Power: 3877
Originally Posted By jackamo2887⏩
An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world.

Stop crying millennial.
you stupd ****ing mongoloid, what the **** does that matter?

we don't live in a 3rd world country
pissing off trump cultists since 2020
post 1591359061 11-10-2019, 07:56 PM
-
#94
  1. JoeDelts
  2. Registered User
  1. JoeDelts
  2. Registered User
  3. Join Date: Jan 2018
  4. Age: 52
  5. Posts: 13,120
  6. Rep Power: 134131
Originally Posted By CalmWind⏩
It's not just capitalism. It happens in almost all economies.

Ancient rome was based on agriculture and slavery, and eventually all of the wealth and land was concentrated into fewer and fewer hands.


It's an inevitable effect of wealth accumulation. As time passes, the rich get richer.


What you need is a "reset" button every few hundred years to start the game over again. Such as the American revolution which founded a new country/economy, etc...


or, move to a country that is currently in the early-mid stage of the economic cycle (such as current China, if you can deal with the communism)
It's just like Monopoly where everyone starts off with the same amount of money and eventually one player ends up getting it all.

I believe this is why the elite are pushing to deindustrialize The West. They can start the game over again in developing countries and get in on the ground floor with the advantage of starting off with billions to invest. These people have psychopathic tendencies. The total destruction of our civilization and our history weighs on their conscience no more than a fly hitting their windshield.
post 1591359131 11-10-2019, 07:57 PM
-
#95
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838
Originally Posted By DeadlyStriker⏩
Your turn. I provided reality, you need to provide stats now.

-Also note I posted median vs average. Average accounts for the top 1% which completely skews results.
Whenever I read these stats, I feel like...
post 1591359281 11-10-2019, 08:02 PM
-
#96
  1. VegasLifter26
  2. MAGA
  1. VegasLifter26
  2. MAGA
  3. Join Date: Mar 2017
  4. Posts: 9,040
  5. Rep Power: 27280
Originally Posted By guest89⏩
It was an example bro. My girlfriend used to earn in excess of one million per year (entrepreneur). During that same time period I was making around 50K per year. Still built a higher net worth then she has. Despite her earning an astronomical amount during the same time period.





I'm convinced the 'middle class' are broke because of their lifestyle and choices they make. Based on first hand knowledge, even if you earn a 7 figure income you can EASILY blow through that much money and be broke.
what do you invest in?
(these are my opinions i am not a licensed broker by trade)
post 1591359311 11-10-2019, 08:03 PM
-
#97
  1. Dave22reborn
  2. Cold Hearted SOB
  1. Dave22reborn
  2. Cold Hearted SOB
  3. Join Date: Jan 2005
  4. Location: Ill.
  5. Posts: 120,479
  6. Rep Power: 316531
Originally Posted By MikeLowrrrey⏩
Dat dere Capitalism

https://www.bloomberg.com/news/artic...s-middle-class
Capitalism should be replaced?
post 1591359461 11-10-2019, 08:05 PM
-
#98
  1. Muztek
  2. ayylmao
  1. Muztek
  2. ayylmao
  3. Join Date: Nov 2010
  4. Posts: 1,387
  5. Rep Power: 14053
the comments in this thread prove why so many of you have 0 savings, 0 assets and struggle financially.

quoting this so you ****heads can read it again and understand.
Originally Posted By bobbybondsfan⏩
Facts that dumb OP's don't understand:
1. The average person in America lives better than 99 percent of the world
2. The average person in America lives better than 99.99 percent of people in world history
3. NO other system has brought the masses out of poverty than capitalism
4. Wealth isn't just measured by money. The benefits that have increased by poor people and the middle class over the last 50 years is unbelievable. You have internet at the tip of your fingers, etc.
5. Wealth isn't a fixed pie. What Bill Gates has isn't affecting you at all.
6. Take an economics class
Originally Posted By DeadlyStriker⏩
Yea crony-capitalism is messed up. The corruption of government, the power we give major corporations and conglomerates is ridiculous.

However, money isn't the only measure of wealth. Most of those people live awful lives. High levels of divorce, lies and deceit, have no autonomy, can't say what they want, horrific family lives, etc etc.

Things like being able to grow your own food, have a house, minimize debt, feed and keep the family safe, buy land, invest in the future, have a good group of friends, a good family life, eventually find a way to make your passion a job and source of income, etc.

Just because they are rich, doesn't mean doomsday for you.

You know why they are rich and the middle class isn't? Because the middle class plays their game. They prey off of our stupidity of consumerism, incurred debt, and failure to not live the life they push. If you supply your own food, home school, pay off all debt and live debt free, live frugally (or at least within your means), and invest in several different arenas, YOU WIN. THEY LOSE.

But everyone are just sheep and follow the herd and eat the grain that is put in front of them.
Originally Posted By HMFIC_BROWSIN⏩
You mean $38,000?

Who tf is so bad with their taxes they lose $22k filing on a $60k income?

I'll say it again: if you're not being a complete retard (and getting cucked on taxes), $60k is a fuk ton of money

I love how we just pick the absolute worst examples of money management and use it as if that's what everyone is doing.
if you're upset you ain't getting enough moolah and someone else is, get skilled up and get more money.
never have we been in such an age in western societies where making money has been so easy and convenient, we have the internet to thank for that.

everyone understands that money makes money, even investing $10-15k into the stock market from your early 20s provides you amazing wealth for your 40-50s.
ayylmao
post 1591359521 11-10-2019, 08:06 PM
-
#99
  1. Dave22reborn
  2. Cold Hearted SOB
  1. Dave22reborn
  2. Cold Hearted SOB
  3. Join Date: Jan 2005
  4. Location: Ill.
  5. Posts: 120,479
  6. Rep Power: 316531
Is this another thread where people bitch about their lot in life, but blame others for their situation?
post 1591359541 11-10-2019, 08:06 PM
-
#100
  1. ChairStraps
  2. Registered User
  1. ChairStraps
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 56
  5. Posts: 312
  6. Rep Power: 1334
Originally Posted By jackamo2887⏩
An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world.

Stop crying millennial.
in what city?
post 1591359881 11-10-2019, 08:14 PM
-
#101
  1. Dave22reborn
  2. Cold Hearted SOB
  1. Dave22reborn
  2. Cold Hearted SOB
  3. Join Date: Jan 2005
  4. Location: Ill.
  5. Posts: 120,479
  6. Rep Power: 316531
Originally Posted By WestAfrica⏩
Are you forgetting medianhouseholdincome?
What about it?
post 1591360021 11-10-2019, 08:17 PM
-
#102
  1. Dave22reborn
  2. Cold Hearted SOB
  1. Dave22reborn
  2. Cold Hearted SOB
  3. Join Date: Jan 2005
  4. Location: Ill.
  5. Posts: 120,479
  6. Rep Power: 316531
Originally Posted By MikeLowrrrey⏩
I don't know, can't you really invest on a measly $50,000 salary. Rent and utilities is $1200 and that's an average city. Unless you move to the suburbs which means long commute and you're still paying $1000..

Add in kids with $2000 day care costs...shiiiiit
Where the hell you living where "rent" is 1200 dollars? And once again, cease the bitching for the love of god people.

I mean, so many of you are the literal definition of entitlement.
post 1591360071 11-10-2019, 08:18 PM
-
#103
  1. iloveus
  2. snailsrus
  1. iloveus
  2. snailsrus
  3. Join Date: Sep 2014
  4. Posts: 33,694
  5. Rep Power: 105430
Originally Posted By Dave22reborn⏩
Is this another thread where people bitch about their lot in life, but blame others for their situation?
Financial Freedom/Passive Income Crew
Entrepreneur Crew
MMA Crew
Cinematographer Crew
Photographer Crew
Ski/Snowboard Crew
Guns Crew
post 1591360111 11-10-2019, 08:19 PM
-
#104
  1. Dave22reborn
  2. Cold Hearted SOB
  1. Dave22reborn
  2. Cold Hearted SOB
  3. Join Date: Jan 2005
  4. Location: Ill.
  5. Posts: 120,479
  6. Rep Power: 316531
Originally Posted By beansieweansie⏩
For your first question, i think studies should be done to see where the amount of money someone has starts to matter less and less once they pass a certain point. for example, if a study shows a person who makes 2 million has the same level of fulfillment/ satisfaction (with life) with someone with 10 million but is more satisified than someone with 1 million, we can then conclude around 2 million is the sweet spot. Just an example but i hope that makes sense. for your second question ill get back to it in a sec
Well it's a good thing people like you aren't in charge of anything, you want to tell people how much money they can have?
post 1591360181 11-10-2019, 08:20 PM
-
#105
  1. IronKrazy
  2. Registered User
  1. IronKrazy
  2. Registered User
  3. Join Date: Jul 2014
  4. Location: United States
  5. Posts: 6,553
  6. Rep Power: 40388
Originally Posted By jackamo2887⏩
An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world.

Stop crying millennial.
Not sheriff srs?

If so, how the fuk are you green with comments like this? Fukin idiot.

EDIT: Agreed with the previous poster about $1000 to rent in The Land Of Opportunity. It's cool though, all you sheep can just let the corrupt, fake, greedy POS motherfukers get away with what they are. And you all can skate by and buy all the bullchit material possessions you want to make you feel like you are "alive or living a good life" while all these circle jerk, greedy, suck off the next mf'r to get into the clique scum motherfukers ruin this country and world.

Glad I was born in the 80's. Wouldn't shed a tear if someone wanted to blast me in the face with a shotgun right now. Society is fuked. Fuk you all. I'm out.

post 1591360411 11-10-2019, 08:24 PM
-
#106
  1. Dave22reborn
  2. Cold Hearted SOB
  1. Dave22reborn
  2. Cold Hearted SOB
  3. Join Date: Jan 2005
  4. Location: Ill.
  5. Posts: 120,479
  6. Rep Power: 316531
Here's a question, billionaires like Zuckerberg, Bill Gates, Warren Buffett, etc. What should happen to them? Should they have 99.9% of their wealth forcibly taken from them? And "redistributed?"
post 1591360451 11-10-2019, 08:25 PM
-
#107
  1. Dave22reborn
  2. Cold Hearted SOB
  1. Dave22reborn
  2. Cold Hearted SOB
  3. Join Date: Jan 2005
  4. Location: Ill.
  5. Posts: 120,479
  6. Rep Power: 316531
Originally Posted By IronKrazy⏩
Not sheriff srs?

If so, how the fuk are you green with comments like this? Fukin idiot.

EDIT: Agreed with the previous poster about $1000 to rent in The Land Of Opportunity. It's cool though, all you sheep can just let the corrupt, fake, greedy POS motherfukers get away with what they are. And you all can skate by and buy all the bullchit material possessions you want to make you feel like you are "alive or living a good life" while all these circle jerk, greedy, suck off the next mf'r to get into the clique scum motherfukers ruin this country and world.

Glad I was born in the 80's. Wouldn't shed a tear if someone wanted to blast me in the face with a shotgun right now. Society is fuked. Fuk you all. I'm out.

You must be so fun at parties/gatherings.....
post 1591360521 11-10-2019, 08:27 PM
-
#108
  1. 5x10
  2. Banned
  1. 5x10
  2. Banned
  3. Join Date: Apr 2007
  4. Age: 47
  5. Posts: 49,580
  6. Rep Power: 0
Always easy to identify the broke posters
Dallas Cowboys

Lifted for 30 years

Ass > tits
No Debt Crew
post 1591360601 11-10-2019, 08:29 PM
-
#109
  1. BigDeeps01
  2. Registered User
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 56
  5. Posts: 26,735
  6. Rep Power: 169715
Originally Posted By 5x10⏩
Always easy to identify the broke posters
This
post 1591360681 11-10-2019, 08:32 PM
-
#110
  1. Devils
  2. Registered User
  1. Devils
  2. Registered User
  3. Join Date: Feb 2007
  4. Location: Perth, WA, Australia
  5. Posts: 20,607
  6. Rep Power: 70397
the problem is the 0.1%, old families with literally TRILLIONS of dollars
post 1591360741 11-10-2019, 08:33 PM
-
#111
  1. BigDeeps01
  2. Registered User
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 56
  5. Posts: 26,735
  6. Rep Power: 169715
Originally Posted By Devils⏩
the problem is the 0.1%, old families with literally TRILLIONS of dollars
How is that a problem? Should they just give it all away?
post 1591360801 11-10-2019, 08:34 PM
-
#112
  1. CleanUponAisle9
  2. Banned
  1. CleanUponAisle9
  2. Banned
  3. Join Date: Feb 2016
  4. Age: 32
  5. Posts: 115
  6. Rep Power: 0
Originally Posted By 401Delta⏩
This.
You guys are dumb as phuck. Brb 32k
I'M DA ONE PER CENT NOW HAIL EMERICA
post 1591360871 11-10-2019, 08:36 PM
-
#113
  1. IronKrazy
  2. Registered User
  1. IronKrazy
  2. Registered User
  3. Join Date: Jul 2014
  4. Location: United States
  5. Posts: 6,553
  6. Rep Power: 40388
Originally Posted By Dave22reborn⏩
You must be so fun at parties/gatherings.....
Can't be fun at something you never attend or care(d) to attend. Nothing but fake motherfukers. Family, "friends"....
post 1591360921 11-10-2019, 08:37 PM
-
#114
  1. BigDeeps01
  2. Registered User
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 56
  5. Posts: 26,735
  6. Rep Power: 169715
Originally Posted By IronKrazy⏩
Can't be fun at something you never attend or care(d) to attend. Nothing but fake motherfukers. Family, "friends"....
Can't imagine why you're poor
post 1591361141 11-10-2019, 08:42 PM
-
#115
  1. IronKrazy
  2. Registered User
  1. IronKrazy
  2. Registered User
  3. Join Date: Jul 2014
  4. Location: United States
  5. Posts: 6,553
  6. Rep Power: 40388
Originally Posted By 5x10⏩
Always easy to identify the broke posters
If referring to me, I'm not broke. And I'll leave it at that. I've worked and saved to where I could stop working for a few years and be fine. And I STILL think this country and especially the American society is CHIT pal. And by pal, I mean never my pal.

As the days go on, I now know why the rest of the world hates us and THEY DON'T EVEN LIVE AMONG US! Just by what I encounter on the roads daily as my job consists of me being on the road for hours at a time shows me how fukin idiotic and selfish the American people are. Fukin hate the way our society is. And FUK YOU with your rebuttal of "if you don't like it leave". Yeah that's right, reply like the rest of the meat headed brainless sheep.

EDIT: Same goes for BigDeeps.
post 1591361151 11-10-2019, 08:43 PM
-
#116
  1. tank2003
  1. tank2003
  3. Join Date: Sep 2003
  4. Location: Mississippi, United States
  5. Posts: 41,636
  6. Rep Power: 371828
Originally Posted By HMFIC_BROWSIN⏩
Whenever I read these stats, I feel like...
Funny....When you look at those stats you see a god. When I look at you this is what I feel:


























WouldBang/10
“That is not dead which can eternal lie, And with strange aeons even death may die.” - The Nameless City by HP Lovecraft
"The higher the prevalence of infectious diseases the higher the probability of totalitarian political attitudes."
-Dr. Jordan Peterson Sept 2017
"The search for a moral equivalent of war continues to define American Liberalism to this day."
post 1591361271 11-10-2019, 08:45 PM
-
#117
  1. AdvancedDreamer
  2. Registered Retard
  1. AdvancedDreamer
  2. Registered Retard
  3. Join Date: Nov 2014
  4. Posts: 12,955
  5. Rep Power: 91053
Originally Posted By BigDeeps01⏩
How is that a problem? Should they just give it all away?
Billionaires pay a lower proportion of their incomes as opposed to someone who is making nearly 30k a year which is about half of American workers.
post 1591361391 11-10-2019, 08:47 PM
-
#118
  1. BigDeeps01
  2. Registered User
  1. BigDeeps01
  2. Registered User
  3. Join Date: Sep 2019
  4. Age: 56
  5. Posts: 26,735
  6. Rep Power: 169715
Originally Posted By AdvancedDreamer⏩
Billionaires pay a lower proportion of their incomes as opposed to someone who is making nearly 30k a year which is about half of American workers.
Maybe of personal income, but they typically are paying on their businesses too. And it's not anything dramatic. They're still contributing wayyyyy more in taxes in actual dollar amounts

That didn't answer my question. What do you propose they do? Just give it away? Give it to the government? Use it for charity like the vast majority of them already do?
post 1591361471 11-10-2019, 08:49 PM
-
#119
  1. sword_
  2. uberschwert
  1. sword_
  2. uberschwert
  3. Join Date: May 2005
  4. Location: Texas, United States
  5. Posts: 107,635
  6. Rep Power: 912964
Originally Posted By DeadlyStriker⏩
Trust me, they are. All my friends have big car payments, student loans, high rent, iphones, etc. They go out all the time, vacations, events every weekend, you name it. All while they have tons of debt.

Keeping up with the Jone's nowadays is much more than just luxury house and cars.
Originally Posted By DeadlyStriker⏩
Highest debt ratio in the history of US.

$1.22 Trillion in auto loans
$1.5 Trillion in student loan debt
$9.4 Trillion in mortgage debt

The median american household has $11,700 in savings, while the top 1% households have a median savings of $1.1 million in a variety of savings accounts.

The median transactional account balance for those under 35 years old was $2,600. During the years between 35 and 44, balances grow significantly. The median for 35-year-olds to 44-year-olds is $3,800. By the time we reach 75 and above the median is $10,000.

I can go on and on. The average american is in debt, living beyond their means, don't have a fully funded emergency, and barely has any savings.

Your turn. I provided reality, you need to provide stats now.

-Also note I posted median vs average. Average accounts for the top 1% which completely skews results.
Just lol @ KeepingupwiththeJonescels
A hit was sent, from the President, to raid your residence /
Because you had secret evidence, and documents /
On how they raped the continents, and it's the prominent /
Dominant Islamic, Asiatic Black Hebrew

- GZA "4th Chamber"
post 1591361491 11-10-2019, 08:50 PM
-
#120
  1. soaponarope1
  2. 6'2" 227
  1. soaponarope1
  2. 6'2" 227
  3. Join Date: Jun 2016
  4. Location: Florida, United States
  5. Age: 40
  6. Posts: 13,552
  7. Rep Power: 63078
This is how the world works. The successful teach their children to be successful. Generations accumulate wealth.

The problem is 99% of people you see are content spending all their money and never working harder than they have to. It's not that hard to join the top percentiles if you work hard, continue to develop yourself professionally and are financially responsible


Net Worth Percentile
96% $2,401,849.00
97% $3,185,849.01
98% $4,506,369.69
99% $8,102,708.22

If you cant accumulate $2.4 million over a lifetime of work to join the top 4%, the problem isn't the 'system'.
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts