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

post 1591377331 11-11-2019, 06:39 AM
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And yet the middle class is crying loudest when the left wants to tax the 1% more.
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post 1591377611 11-11-2019, 06:47 AM
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Originally Posted By Dave22reborn⏩
Logic 101.

Reminds me of my one friend who ranted about how evil Walmart is after watching that "documentary" a decade ago. And yet he actually shopped there.
People just like having something to cry about, yet don’t want to do anything to change the situation. Your friend should of stopped shopping there and encouraged others to do the same.

Originally Posted By andy0w⏩
And yet the middle class is crying loudest when the left wants to tax the 1% more.
Why should they be punished when they already pay the most taxes? Again, if you don’t want them to have that level of wealth, stop giving them your money.
post 1591377681 11-11-2019, 06:49 AM
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Originally Posted By randombrah102⏩
There has been a clear shift in wealth in the past 60 or so years which obviously comes with the decline in quality of life for the middle and lower class. Instead of addressing why it happened and what can be done so that there isn't a generational decline in quality of life you idiots go "just make the best of it!". Which to be far is good advice for an individual but refusing to acknowledge the macro problem that is affecting the nation as a whole is straight up cuck behavior.
100%. The discussion goes off the rails because the ones that bring it up are often whiny and entitled. They don't want to acknowledge that although it is more difficult than it was 30 years ago to "make it" its still possible. People offer advice and it falls on deaf ears because they're convinced they're playing a rigged game. Its a frustrating exercise, but its really beside the more important point, that the game is becoming more and more rigged against the common man.
post 1591377761 11-11-2019, 06:52 AM
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Originally Posted By Dave22reborn⏩
Aren't you supposedly part of the 1%?
He is.

Shame on him for not sending his excess of money to Africa, they obviously need it more than him, and the world would be better off if he distributed some of his wealth.... Isn't that correct, SillieBazillie?
post 1591377851 11-11-2019, 06:55 AM
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Originally Posted By soaponarope1⏩
- cars are overpriced because the average consumer keeps buying them at said price. If that stops, prices drop.
Exactly, and evidence of this is car companies would rather park unsold cars in giant graveyards to rot than lower prices because it's worth it for them to maintain those extremely high profit margins.
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post 1591377871 11-11-2019, 06:56 AM
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Cliffs
Broke miscers want to tax the successful more, for government provided handouts

Meanwhile, America provides all the opportunity to make more money
And
The American government already had a spending problem, why on earth would you give them more $
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post 1591379021 11-11-2019, 07:25 AM
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Originally Posted By Frank
100%. The discussion goes off the rails because the ones that bring it up are often whiny and entitled. They don't want to acknowledge that although it is more difficult than it was 30 years ago to "make it" its still possible. People offer advice and it falls on deaf ears because they're convinced they're playing a rigged game. Its a frustrating exercise, but its really beside the more important point, that the game is becoming more and more rigged against the common man.
You guys have this fantasy in your head that life was easier 30 years ago.
post 1591379091 11-11-2019, 07:27 AM
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Originally Posted By Brainfr33ze⏩
some dont

even tho capitalism is the best system its still an easily abusable system. havent you ever watched dragons den or shark tank? you have hella smart people with great ideas and amazing products but because they are low on money they cant get anywhere with their idea. but hey there is this million/billionaire who will help you out for 40% of yer profits. notice too how they always aim for around 40% ownership. thats cuz its high enough for them to make good $ and even close enough to take control of the company (if they get other share holders in) but still low enough so they can bail out if it crashes. this is what i hate about the super rich. they have sooo much expendable money and its so easy for them to make sooo much more. meanwhile the majority of people cant even clear 40k a year struggling to live in 1 bedroom apartment.
What are they doing where they're only making 40K a year, and living in a one bedroom apartment?

And let me get this straight, someone comes up with an idea, and someone with wealth takes the risk, and gives them capital for 40% ownership, and you have a problem with that?
post 1591379261 11-11-2019, 07:33 AM
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Originally Posted By soaponarope1⏩
- cars are overpriced because the average consumer keeps buying them at said price. If that stops, prices drop. Financial responsibility.
In the 90s when someone had a 3 series (used or new) everyone thought that guy was rich to spend that kind of money on a car. It used to be excessive to need a car like that. Today college students are buying them while on student loans.
post 1591379341 11-11-2019, 07:36 AM
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Originally Posted By Dave22reborn⏩
You guys have this fantasy in your head that life was easier 30 years ago.
The biggest difference is housing prices. I was able to buy my first house for 1.25X my gross salary. Graduates today are going to pay 3X their salary and up.

I've lived through it. I had it easier coming out of school than the kids today. I also had it better than the kids from the 90's so....maybe I just got lucky.

X generation is best generation.
post 1591379921 11-11-2019, 07:51 AM
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The 1% really need to pay their "fair share". A bunch of d@mn moochers.












** In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.

** The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).

** The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).
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post 1591380581 11-11-2019, 08:04 AM
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I can't wait until the 1% have 99% of the wealth and the 99% have 1%.

The Republican posters on here will still be fighting for a flat tax and things to keep on the way they are.

Why arent you saving your 1 dollar daily surplus? You can invest it and earn 2% interest if you gen xyz only weren't so obsessed with keeping up with the Joneses! You can easily live off of 10 dollars a day if you're not an idiot.

(Queue printing presses in the background clanging as the banks print off another trillion and inflation eats away their savings.)

Maybe if you weren't so lazy and dumb you wouldn't have lost your money in the market! (as it comes crashing down again for the 20th time in modern history)

Just pay this trillion dollar bail out bill and give us more tax cuts or it will happen again.

Seriously, this time the wealth is about to trickle down.
post 1591381551 11-11-2019, 08:29 AM
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Originally Posted By arod204⏩
I can't wait until the 1% have 99% of the wealth and the 99% have 1%.

The Republican posters on here will still be fighting for a flat tax and things to keep on the way they are.

Why arent you saving your 1 dollar daily surplus? You can invest it and earn 2% interest if you gen xyz only weren't so obsessed with keeping up with the Joneses! You can easily live off of 10 dollars a day if you're not an idiot.

(Queue printing presses in the background clanging as the banks print off another trillion and inflation eats away their savings.)

Maybe if you weren't so lazy and dumb you wouldn't have lost your money in the market! (as it comes crashing down again for the 20th time in modern history)

Just pay this trillion dollar bail out bill and give us more tax cuts or it will happen again.

Seriously, this time the wealth is about to trickle down.
There is a growing presence among Republicans and conservatives generally who are recognising the problem of growing wealth inequality as a problem. The bootlickers are declining in numbers.

There's only so long people are going to sit and listen to:
> Just work harder
> You're just jealous
> You should be grateful to your job creators
> They deserve all their money
> The wealth will trickle down
> but muh iPhones

While their livelihoods deteriorate, before they actually push back, regardless of what political ideology they claim to hold.
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post 1591381941 11-11-2019, 08:38 AM
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Originally Posted By Anachron⏩
And what were your monthly payments?

Because there is no way you were able to secure a mortgage locked in at sub-4% for 30 years...

Edit : I thought we had these guys contained in their bubble called R&P, perhaps this thread should be moved?
In 2002? I think the mortgage rate was 4.25% fixed for 5 years. Payments were in the $600's per month.

Not that this really applies to AB, as I think housing is insanely affordable right now.
post 1591382071 11-11-2019, 08:40 AM
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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.
Your comment contributes nothing to the discussion and does not delegitimize the wealth gap in the US. Despite what you think, it's not a competition about who has it the worst.

boomer.
post 1591382221 11-11-2019, 08:43 AM
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Originally Posted By gixxer0.6g⏩
They also pay over 60% of the taxes.

What's even more fkd is the bottom 40% dont pay any taxes
This
post 1591382391 11-11-2019, 08:47 AM
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Originally Posted By arod204⏩
I can't wait until the 1% have 99% of the wealth and the 99% have 1%.

The Republican posters on here will still be fighting for a flat tax and things to keep on the way they are.

Why arent you saving your 1 dollar daily surplus? You can invest it and earn 2% interest if you gen xyz only weren't so obsessed with keeping up with the Joneses! You can easily live off of 10 dollars a day if you're not an idiot.

(Queue printing presses in the background clanging as the banks print off another trillion and inflation eats away their savings.)

Maybe if you weren't so lazy and dumb you wouldn't have lost your money in the market! (as it comes crashing down again for the 20th time in modern history)

Just pay this trillion dollar bail out bill and give us more tax cuts or it will happen again.

Seriously, this time the wealth is about to trickle down.
wealth isn’t a zero sum game
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post 1591382741 11-11-2019, 08:51 AM
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Originally Posted By 5x10⏩
wealth isn’t a zero sum game
Yeah it isn't, but all of the new wealth is still only going to the richest. Is that a problem for you or do you just long for the days of feudalism?
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post 1591382761 11-11-2019, 08:52 AM
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Originally Posted By beansieweansie⏩
capitalism is a joke. having people with millions if not billions of dollars sitting in their account doing nothing when theres people out there starving and dying is terrible. Anyone who thinks this is ok has ZERO perspective. After someone makes a certain amount of dollars, (ie 5 mill) every dollar after that amount should be spent in healthcare, schools, and helping people in need. Ontop of that necessities and things needed to survive should not be as profitable as it is now.. if i remember correctly insulin is like an absurd amount more than the actual cost to make it
So 5 million is your cut off? Anyone who makes more than 5 Million has to do what with their money? Give it to a corrupt and ineffectual government to hopefully re-distribute to the poor?
BRB who was investment
BRB who was incentive to start a business
BRB tons of businesses have start up costs in the 10's of millions.

Next time you post add this first "I am a ******* and a retard and no one should listen to me and just neg me straight away" at least you will be stating something correct.

OH and BTW Negged
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post 1591382811 11-11-2019, 08:52 AM
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Post deleted by user
post 1591382841 11-11-2019, 08:53 AM
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Originally Posted By Cudabrah⏩
The 1% really need to pay their "fair share". A bunch of d@mn moochers.












** In 2016, the top 50 percent of all taxpayers paid 97 percent of all individual income taxes, while the bottom 50 percent paid the remaining 3 percent.

** The top 1 percent paid a greater share of individual income taxes (37.3 percent) than the bottom 90 percent combined (30.5 percent).

** The top 1 percent of taxpayers paid a 26.9 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.7 percent).
the 1% doesn't get its money from wages lmao and nobody that posts here is part of the 1% you people have no idea what you are talking about.

this "discussion" has been done a thousand times here and every single time people fail to understand what's really going on a completely miss the point.
post 1591383121 11-11-2019, 08:58 AM
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Originally Posted By 5x10⏩
Cliffs
Broke miscers want to tax the successful more, for government provided handouts

Meanwhile, America provides all the opportunity to make more money
And
The American government already had a spending problem, why on earth would you give them more $
No I think a majority of people don't believe in taxing more. Something's gotta give, there's more and more angry people as time goes on and it's not a baby boomer vs. millennial thing.

A majority of the problems would be solved if kids were taught about predatory colleges and finances.
post 1591383161 11-11-2019, 08:59 AM
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Originally Posted By messomi⏩
the 1% doesn't get its money from wages lmao and nobody that posts here is part of the 1% you people have no idea what you are talking about.

this "discussion" has been done a thousand times here and every single time people fail to understand what's really going on a completely miss the point.
Not for punishing people for being successful but we really need to eliminate these loopholes and ultra rich need to pay their share
<HTC>
post 1591383231 11-11-2019, 09:00 AM
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Originally Posted By isingmodel⏩
Yeah it isn't, but all of the new wealth is still only going to the richest. Is that a problem for you or do you just long for the days of feudalism?
i don’t worry about other people
I try to find the best paying job I can get and I work my ass off at it
Originally Posted By MikeLowrrrey⏩
No I think a majority of people don't believe in taxing more. Something's gotta give, there's more and more angry people as time goes on and it's not a baby boomer vs. millennial thing.

A majority of the problems would be solved if kids were taught about predatory colleges and finances.
So where the problem?
Peoples expectations and wants vs reality?

I’m teaching my kids about money, debt, investing
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post 1591383421 11-11-2019, 09:05 AM
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Originally Posted By 5x10⏩
i don’t worry about other people
I try to find the best paying job I can get and I work my ass off at it

So where the problem?
Peoples expectations and wants vs reality?

I’m teaching my kids about money, debt, investing
Right so you're one of those people who just doesn't think very hard about the world or the problems that may be emerging in it, and prefers to stay incognisant of it.

That's fine for you, but the reality is there are very serious problems with the way wealth and power is becoming distributed in society, and this is affecting a lot of regular people. And finding solutions to it will be very important going forward.
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post 1591383441 11-11-2019, 09:05 AM
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Originally Posted By GM54⏩
Not for punishing people for being successful but we really need to eliminate these loopholes and ultra rich need to pay their share
nobody is punishing anybody the ultra rich barely pay any taxes I have said it here multiple times people still don't understand the difference most of their money is "out of circulation" to begin with.
Originally Posted By messomi⏩
the 1% doesn't get its money from wages lmao and nobody that posts here is part of the 1% you people have no idea what you are talking about.

this "discussion" has been done a thousand times here and every single time people fail to understand what's really going on a completely miss the point.
post 1591383911 11-11-2019, 09:15 AM
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Originally Posted By isingmodel⏩
There is a growing presence among Republicans and conservatives generally who are recognising the problem of growing wealth inequality as a problem. The bootlickers are declining in numbers.

There's only so long people are going to sit and listen to:
> Just work harder
> You're just jealous
> You should be grateful to your job creators
> They deserve all their money
> The wealth will trickle down
> but muh iPhones

While their livelihoods deteriorate, before they actually push back, regardless of what political ideology they claim to hold.
I know when ever I argue for the middle class instead of the 0.1% that people think im a poor beggar but I am in the top 10% of income earners in Canada and I was raised by a family that made less than 40k/year.


It's not impossible to get ahead in our society, it's just pretty clear that the top 0.1% have an undue amount of influence over everything in society, and are steadily eroding away wealth from the middle class and doing everything in their power to phuck them over.

The worst thing are the economic right wing Reagenomics lovers that earn less than 80k a year. Its like, hey YOU ARE POOR, NONE OF THESE POLICIES HELP YOU! Why are you rooting against yourself and fellow man? Pathetic.

But they just gobble up the seeds of division the elite love to sow. Idiots.
post 1591383951 11-11-2019, 09:15 AM
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Eh the disparity is big but it's significantly inflated here. A huge portion of the top %er's wealth is tied up in stocks n chit for companies they founded / own / are executives of. If they ever tried to realize that $35.4trillion, values would crash all over the place and absolutely massive swaths of money would be wiped out.

Even using holdings to compare net worth among ultra-high earners is pretty silly. Brb Microsoft's stock is up 1.3%, Bill Gates is the wealthiest person in the world. No wait, Amazon just rallied, now Jeff Bezos is #1. Brb brb it's all imaginary money until it's realized
post 1591384321 11-11-2019, 09:21 AM
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Why the hell do they need so much money for,
eventually all of them will become a dust in the ground,so what's the point?
post 1591384331 11-11-2019, 09:21 AM
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Originally Posted By Anachron⏩
Don't you have some UFC stuff to watch?
Dont you have policy to push that will help you remain a poor person?
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