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According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
It doesn't really matter, all that really matters is the gap between rich and poor. And that gap is largely a consequence of international corporations.
As for the second part.. its silly anyway. There are probably three times as many dollars in circulation today than in 1980. But wealth isn't accurately valued in dollars, since dollars are affected by inflation. For instance, the top 5% in 1980 probably had more wealth than the whole human race in 1950, and they had more than the human race in 1920, and 1890, and so on.
According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
Unfortunately for most of the human race, greed is still not considered a crime.
Was that wealth just handed to them? No, i'm pretty sure they earned it via successful business and investment decisions. Unless you personally walked up to a rich guy and opened your wallet to him, I wouldn't expect that anyone else did either.
Earn your own money. Stop bitching about others who did better than you.
According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
It is an outstanding accomplishment.
You act as if it is a zero sum game. Like there is a limited amount of wealth and some have most of the pie.
This isn't so.
There is much more wealth in the world today than there was in the 80's.
Unfortunately for most of the human race, greed is still not considered a crime.
Peace,
brian
Is that greed or simply creating wealth? In order for governments to tax they first, need people/small business/corporations to create that wealth to begin with.
According to David Stockman, former budget director for Ronald Reagan:
"In 1985, the top 5% of the households, the wealthiest 5%, had net worth of $8 Trillion, which is a lot. Today after serial bubble after serial bubble, the top 5% have net worth of $40 Trillion. The top 5% have gained more wealth than the whole human race had created prior to 1980."
That's because it's hard to make money while pulling a welfare check.
When a bigger part of your population is sitting on its ass, it makes the top's riches look heavier.
Repeat: greed is not yet considered a crime. But someday that will change, because people will follow good values rather than corrupt values.
Peace,
brian
That same person went and climbed the tree and got the bananas himself. He shared two bananas because someone gave him a boost...but he did planning, the climbing, and picking. In fact, the whole idea of getting the bananas was his.
But now it's so unfair that the other 9 have to split 2 bananas?
Well, next time, do better in banana picking school instead of partying and wasting time on video games.
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