Yeah, because your wages go down every time there is inflation. And their assets go up. It’s pretty simple haha.
It’s not the top 1% that concerns me. ,it’s the top 10% , my landlord is in the top 10% and their itching to move up to top 5% .. for record there’s 23 million , millionaire+ in the US that’s 6.5 %
This seems to be conflating income with asset value and net worth. And it’s not clear how it defines Income. This is an article written for the purpose of eliciting an emotional reaction, not providing information to be used to make decisions.
Yet somehow the government has managed to trick the middle class into believing that it is the poor class fault 🙄. All we do is fight amongst each other and the top 1% has bought their 100th yacht for the day smh.
But their aggregate income is less than that of the middle-class. That’s why income taxes always hurt the middle-class no matter how high the top bracket is for high income earners.
I saw that meme about government spending and all that, but never checked the numbers…. Does anyone know the actual numbers? If you take all the money from the top 1%, how much money is that, and how long can feed the social security or how many months can the government with all of its spending operate with that money (instead of taking it from the lower classes with taxes)? So, would taking all that money mean something substantial for the 99% or just a short term financial patch and then a collapse because so many huge companies are now non-existent?
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Do we even need these ultra wealthy people?
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Earned. How do you define earning?
Yeah, because your wages go down every time there is inflation. And their assets go up. It’s pretty simple haha.
It’s not the top 1% that concerns me. ,it’s the top 10% , my landlord is in the top 10% and their itching to move up to top 5% .. for record there’s 23 million , millionaire+ in the US that’s 6.5 %
This seems to be conflating income with asset value and net worth. And it’s not clear how it defines Income. This is an article written for the purpose of eliciting an emotional reaction, not providing information to be used to make decisions.
Yet somehow the government has managed to trick the middle class into believing that it is the poor class fault 🙄. All we do is fight amongst each other and the top 1% has bought their 100th yacht for the day smh.
But their aggregate income is less than that of the middle-class. That’s why income taxes always hurt the middle-class no matter how high the top bracket is for high income earners.
I saw that meme about government spending and all that, but never checked the numbers…. Does anyone know the actual numbers? If you take all the money from the top 1%, how much money is that, and how long can feed the social security or how many months can the government with all of its spending operate with that money (instead of taking it from the lower classes with taxes)? So, would taking all that money mean something substantial for the 99% or just a short term financial patch and then a collapse because so many huge companies are now non-existent?