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Old 10-31-2011, 08:33 AM
 
2,541 posts, read 4,035,427 times
Reputation: 3981

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This is an interesting chart. Click on the percentages (top 1%, top 10%, etc.) to see where your income puts you in relation to others:

Where the One Percent Fit in the Hierarchy of Income - Interactive Graphic - NYTimes.com
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Old 10-31-2011, 08:50 AM
 
Location: Houston, TX (Bellaire)
4,900 posts, read 13,702,921 times
Reputation: 4189
Top 10%, not so bad I suppose. What is striking, and what I think draws out these protests is the huge difference between the bottom 90% - avg. income 36k and the top 1% avg. income 717k, someone in the top 10% only makes 5 times as much but someone in the top 1% makes 20 times as much and someone in the top .1% makes 108 times as much. The protest is not that people at the top make too much money but that people at the bottom (90% of the population) make too little. For the first time in the history of the US incomes are declining and people make, on average, less money each year rather than more (Top 1% excluded). My philosophy is that when my business does well I give my employees a bonus because they are the ones who help make it happen. I think the mindset off to many CEOs these days is that if the business does well it could do even better next quarter if we lay off 10% of our employees and that should jack up the stock price and get me another million dollar bonus.
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Old 10-31-2011, 09:00 AM
 
Location: #
9,598 posts, read 16,534,369 times
Reputation: 6323
Quote:
Originally Posted by chris_ut View Post
Top 10%, not so bad I suppose. What is striking, and what I think draws out these protests is the huge difference between the bottom 90% - avg. income 36k and the top 1% avg. income 717k, someone in the top 10% only makes 5 times as much but someone in the top 1% makes 20 times as much and someone in the top .1% makes 108 times as much. The protest is not that people at the top make too much money but that people at the bottom (90% of the population) make too little. For the first time in the history of the US incomes are declining and people make, on average, less money each year rather than more (Top 1% excluded). My philosophy is that when my business does well I give my employees a bonus because they are the ones who help make it happen. I think the mindset off to many CEOs these days is that if the business does well it could do even better next quarter if we lay off 10% of our employees and that should jack up the stock price and get me another million dollar bonus.
People love to say Obama's a socialist. If this keeps up, we really will have a socialist president within the next 25 years.

What other choice will people have?
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Old 10-31-2011, 09:12 AM
 
Location: Houston, TX
18 posts, read 20,562 times
Reputation: 26
Bottom 90%.
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Old 10-31-2011, 10:02 AM
 
Location: Where nothing ever grows. No rain or rivers flow, Texas
1,085 posts, read 1,575,827 times
Reputation: 468
dont click it, ethanw!
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Old 10-31-2011, 10:17 AM
 
Location: League City
3,842 posts, read 8,244,664 times
Reputation: 5364
Quote:
Originally Posted by chris_ut View Post
Top 10%, not so bad I suppose. What is striking, and what I think draws out these protests is the huge difference between the bottom 90% - avg. income 36k and the top 1% avg. income 717k, someone in the top 10% only makes 5 times as much but someone in the top 1% makes 20 times as much and someone in the top .1% makes 108 times as much. The protest is not that people at the top make too much money but that people at the bottom (90% of the population) make too little. For the first time in the history of the US incomes are declining and people make, on average, less money each year rather than more (Top 1% excluded). My philosophy is that when my business does well I give my employees a bonus because they are the ones who help make it happen. I think the mindset off to many CEOs these days is that if the business does well it could do even better next quarter if we lay off 10% of our employees and that should jack up the stock price and get me another million dollar bonus.
You are one of the good ones - I salute you I totally agree with your philosophy. The US will become a third world nation within the next century if we continue the path we are presently on.
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Old 10-31-2011, 11:34 AM
 
115 posts, read 395,558 times
Reputation: 116
It's not how much you make...it's how much you save.
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Old 10-31-2011, 01:10 PM
 
4 posts, read 6,004 times
Reputation: 23
Default Hierarchy

You see I don't worry about other people and what they have therefore I am not disatisfied. If I am unhappy with my home, belongings etc then I get off my ass and work harder to obtain what it is I think I might need to make me happier. I don't ask family or friends to help me. However, I am there for them if needed.

This occuping crap is crap and the have-nots need to get off their butts and go to work. Take a job! Any job and work! Class warfare will get no one anywhere.
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Old 10-31-2011, 01:54 PM
 
Location: Fulshear
1,326 posts, read 3,442,762 times
Reputation: 1184
Quote:
Originally Posted by chris_ut View Post
Top 10%, not so bad I suppose. What is striking, and what I think draws out these protests is the huge difference between the bottom 90% - avg. income 36k and the top 1% avg. income 717k, someone in the top 10% only makes 5 times as much but someone in the top 1% makes 20 times as much and someone in the top .1% makes 108 times as much. The protest is not that people at the top make too much money but that people at the bottom (90% of the population) make too little. For the first time in the history of the US incomes are declining and people make, on average, less money each year rather than more (Top 1% excluded). My philosophy is that when my business does well I give my employees a bonus because they are the ones who help make it happen. I think the mindset off to many CEOs these days is that if the business does well it could do even better next quarter if we lay off 10% of our employees and that should jack up the stock price and get me another million dollar bonus.
I tried to rep you, but couldn't.
Couldn't have said it better myself.
I keep telling people that corporate GREED will be the death of this country, NOT wars, NOT climate change or who's in the White House and what people think his policies are.
All the layoffs you hear about, ponzi schemers, outsourcing, etc is due to nothing more than GREED.
Greed so a CEO can have another multi-million dollar vacation house along with a yacht to brag about to all his neighbors also doing the same thing.
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Old 10-31-2011, 02:06 PM
 
Location: Cypress, TX
2,000 posts, read 3,502,527 times
Reputation: 2150
Quote:
Originally Posted by TimBomb View Post
dont click it, ethanw!
I'm sure ethanw already knows he's in the top 0.1%.
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