Study Shows Richest 0.00025% Owns More Wealth Than Bottom 150 Million Americans

[HockeyMac18]

Originally Posted by Three Wolves In Snow

And?

"It's all been carried out by design by the GOP..."

Yeah, cause there are no very wealthy lefties.

You want wealth, work for it. Complaining doesn't make you wealthy. Envy doesn't make you wealthy. Anger doesn't make you wealthy.

Lol at the suggestion that anyone can just "get wealthy" if they work hard enough. As if work really is the hidden factor here... And lol at the implication that we all start from the same place.

Wealth inequality of this magnitude is not healthy. History has shown this many times.

[SoCal25]

Originally Posted by finalmove

I would hope so. I use $1-dollar bills to mask-off the trim in my house when I paint.

I just buy a new house.

[pete98146]

Originally Posted by max210

Democrats do feed the poor. They feed them promises, lead them on with dangling carrots for votes.

You got it! It's all about the votes.... Dems are the party that has to "manufacture" votes. They prey on the disadvantaged year after year after year but never deliver.

[KenFresno]

Originally Posted by sickofnyc

This has all been by design and carried out by the GOP that has morphed into an organized crime party and something will be done about this wealth transfer and funneling to the top. The donors and puppet masters are exposed as are their recipients and puppets. Ronald Raygun started this runaway train and a sociopath like Trump is the despicable result of this madness.

America in the 21st century is nothing more then oligarchy with a thin veneer of democracy.

[Kracer]

Originally Posted by sickofnyc

This has all been by design and carried out by the GOP that has morphed into an organized crime party and something will be done about this wealth transfer and funneling to the top. The donors and puppet masters are exposed as are their recipients and puppets. Ronald Raygun started this runaway train and a sociopath like Trump is the despicable result of this madness.

So what?


In the green socialist society democrats crave that will still be the case with the installation of political elite whose job it is to dominate everyone else to maintain that situation.


Problem of fraud, inherent in bureaucracies has not been solved.


The very people who want to this type of government have demonstrated criminal fraud and administered a corrupt justice system. What hope do we have with that crowd????

[Neuling]

From an international perspective it is funny when Americans associate their Democratic party with socialism. To me that party is in the middle of the spectrum, there is no left party in the US.

[Mircea]

Originally Posted by HockeyMac18

Lol at the suggestion that anyone can just "get wealthy" if they work hard enough.

But, it's true. That's why you're constantly getting new Millionaires.

To be successful, you have to be willing to take risks.

And you misunderstand Wealth. Wealth takes years to build, and it's a purely voluntary activity.

If I take a risk to buy property and build a 20-story office-condo-retail building that other people value at $14 Million, that's all me.

If 30 years later other people now value that property at $250 Million, my net worth is $250 Million, because other people say I have $250 Million in assets.

And you're mad at me?

Are you suggesting I have some super-powers of mind control to force other people to say my assets are worth $250 Million?

And you claim what I did is unfair?

And you want to redistribute my assets to the Poor® who took no risks or expended even an ounce of effort?

Explain, in detail, exactly how you intend to redistribute my assets.

Originally Posted by Neuling

But being humans, we should try to keep the difference between the two as little as possible.

"Should" is a Fallacy.

Originally Posted by Neuling

It is no coincidence that the countries with the best GINI index lead virtually all rankings on other important aspects as well.

The GINI co-efficient is subjective and predicated on numerous fallacies.

Originally Posted by greywar

134,000 homeless in california. a whopping .00089%.

Homelessness is a personal voluntary choice.

Originally Posted by greywar

Bwahahah. No. Those at the top know that it takes money to make money. The problem we are finding is that eventually you run out of other peoples money to hoard.

No one is hoarding money.

When you learn the difference between cash and assets, get back to us.

Originally Posted by greywar

blah blah blah. What a bunch of word salad. I'm sure you had a point in that huge post above, but it is lost amongst your meaningless drivel.

And yet you couldn't refute a single thing.

Originally Posted by greywar

Come on Mircea, I know you can make a point very effectively. You did not do so there. You just went on but valuation. Which is sort of irrelevant.

Irrelevant? Valuation is what gives assets value.

Bill Gates' net worth is $90.2 Billion.

He does not have $90.2 Billion in cash.

He has maybe $6 Million to $12 Million in cash and the other $90.18 Billion is assets as determined by valuation.

Like I said, when you learn the difference between cash and assets, get back to us.

[Camaro5]

Great. Another butthurt leftist crying about people that he thinks have too much money.

The only thing stopping you from making your own fortune is your own ambition, or lack thereof.

I will never understand how some people think they have the right to dictate how much money someone else should have, and that they somehow feel entitled to a piece of someone else's pie.

[Neuling]

No, it is not true, it is a myth.
There are many more people who never become wealthy despite working their butts off than there are new millionaires.
It depends on all sorts of factors, many of which outside the control of the individual.


Humans should do certain things and they should not do other things. Like with any social species, the ultimate goal is to help society and thus the survival of its members.

There are various such indexes, GINI is not the only one. Be that as it may, the correlation between a favorable GINI and leading positions on all sorts of rankings is no coincidence.

[KenFresno]

Originally Posted by Neuling

From an international perspective it is funny when Americans associate their Democratic party with socialism. To me that party is in the middle of the spectrum, there is no left party in the US.

If one was to directly compare US to UK political parties the Democrats would be Tories and the Republicans would be the BNP. Essentially you are correct there is no true left leaning party in the US. As an American voter my options are to vote for a mildly Conservative party or a far right party.