The Top .01% Just Got More Money Than Everyone Else

[drewbreez]

Get ya money up brehs.

A study published by Emmanual Saez and Gabriel Zucman of the London School of Economics estimates that since the 1980s, wealth inequality in the United States has risen to record levels. In their thorough examination of national household incomes over the past century, dire conclusions abound, mainly that middle-class wealth is shrinking to pre-Depression Era marks while a select few rich families have gained enormously.

On the other side of the spectrum, the fortunes of the wealthy have grown, especially at the very top. The 16,000 families making up the richest 0.01%, with an average net worth of $371M, now control 11.2% of total wealth—back to the 1916 share, which is the highest on record. Those down the distribution have not done quite so well: the top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America’s wealth, just shy of the 1929 peak—and exactly the same share as the bottom 90% of the population. Meanwhile the share of wealth held by families from the 90th to the 99th percentile has actually fallen over the last decade, though not by as much as the net worth of the bottom 90%.

 

[JahFocus CS]

Think that class struggle isn't relevant brehs

 

[Julius Skrrvin]

you just triggered @DEAD7 's pavlovian response, he's running in here now ready to suck some billionaire dikk

 

[JahFocus CS]

you just triggered @DEAD7 's pavlovian response, he's running in here now ready to suck some billionaire dikk

Going hard in the paint on a breh

 

[DEAD7]

Setting aside how misleading household statistics are, nothing presented in the OP is new or shocking. There is no attempt at discerning causation, no proposed solution, or much of anything at all TBH. Its just more class warfare propaganda... and its eaten up by the left as usual.

 

[Rarely-Wrong Liggins]

you just triggered @DEAD7 's pavlovian response, he's running in here now ready to suck some billionaire dikk

Setting aside how misleading household statistics are, nothing presented in the OP is new or shocking. There is no attempt at discerning causation, no proposed solution, or much of anything at all TBH. Its just more class warfare propaganda... and its eaten up by the left as usual.

Right on time and he didn't even wash his face yet.

 

[Julius Skrrvin]

Right on time and he didn't even wash his face yet.

breh is gonna wait for that 1%er moment his whole life but die a prole

 

[How Sway?]

trickle down economics

 

[DEAD7]

I forgot this is HL and post need no substance... back to poty I go.

 

[mbewane]

That's what Piketty's whole book is about, but then again he's a eurosocialistfrench so his conclusions were brushed aside in anglo-saxon circles

 

[DEAD7]

That's what Piketty's whole book is about, but then again he's a eurosocialistfrench so his conclusions were brushed aside in anglo-saxon circles

That and his suggestion(higher taxes) was applied in France, and the results are in

http://www.cbn.com/cbnnews/world/2014/February/Frances-Reckoning-Rich-Young-Flee-Welfare-State/

http://www.forbes.com/sites/realspi...er-leaving-france-please-turn-out-the-lights/

 

[mbewane]

That and his suggestion(higher taxes) was applied in France, and the results are in

http://www.cbn.com/cbnnews/world/2014/February/Frances-Reckoning-Rich-Young-Flee-Welfare-State/

http://www.forbes.com/sites/realspin/2012/12/18/can-the-last-taxpayer-leaving-france-please-turn-out-the-lights/[/QUOTE]

.

I don't answer to frenchbashing anymore breh, look at the sources

 

[DEAD7]

I don't answer to frenchbashing anymore breh, look at the sources

Conveniently no liberal sources are reporting on the effects of the millionaire tax... I guess that insulates it pretty well. Seeing as how non liberal sources are rejected outright.

 

[mbewane]

Conveniently no liberal sources are reporting on the effects of the millionaire tax... I guess that insulates it pretty well. Seeing as how non liberal sources are rejected outright.

Might just be that your sources are focusing on a non-issue.

 

[heisenburrr]

it might just be that the money is the problem