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

a reply to: Bluntone22

Don't know.

But what I do I know any article that links to Warren is pure snip.

As survey data continues to show that raising taxes on the wealthy is extremely popular among the U.S. public, new research by inequality expert and University of California, Berkeley economist Gabriel Zucman found that the richest 0.00025 percent of the American population now owns more wealth than the 150 million adults in the bottom 60 percent.

I also know a Berkeley degree isn't good for nothing other than whipping ones rear end after doing their business on a toilet.

A Berkeley graduate also said Warren was native american.

Look how that turned out.

Weeks into a national conversation over the possibility of taxing the wealthiest Americans at far higher rates in order to correct severe income inequality in the U.S., Sen. Elizabeth Warren (D-Mass.) made clear that the issue will be addressed in the 2020 presidential election, unveiling a plan to tax assetsover $50 million.

Clear violations of the 4th and 14th.

Assets=property/Effects.

And there's a big GD difference between asset and income.

"And there's a big GD difference between asset and income."
BINGO...... A point few fail to realize.



edit on 11-2-2019 by neo96 because: (no reason given)

I'm broke
live from ss to ss in a forieng n country and it sucks

a reply to: Southern Guardian

So a study showed that rich people have more than poor people.

a reply to: Southern Guardian

Wealth is not a zero-sum game. Wealth is not fixed. The 1% are not hoarding the wealth while we fight over what’s left. That’s not how wealth works. Wealth expands. We’re all wealthier than we were in the 80’s.

Wealth is not fixed

Something upside down home owners, 401k owners, and anyone with a brokerage,pension account knows.

originally posted by: MadLad
a reply to: Southern Guardian

Wealth is not a zero-sum game. Wealth is not fixed. The 1% are not hoarding the wealth while we fight over what’s left. That’s not how wealth works. Wealth expands. We’re all wealthier than we were in the 80’s.

This is a fact that is summarily ignored by leftists.

a reply to: Southern Guardian

Reports are also in that the benefits of Trump's massive tax cuts are minimal at best

Absolutely agree, that tax cut is a joke. However, what has the left done in regards to tax cuts?

The left can raise the tax on the rich (0.00025% ) to 100% and they would still pay nothing or less than the masses. Why? Because the tax rate doesn't matter its the deductions that matter which create the loop holes. You raise taxes and it impacts the low middle class to upper middle class w2 wage earners the most.

So the left needs to stop asking for higher tax rates and start asking for equal tax rates for everyone BUT with no deductions. Same goes for the right . As long as a tax plan has deductions and 87K pages of tax codes, its complete BS.

However, what has the left done in regards to tax cuts?

Force people to buy a corporate product(healthcare)

Triple taxation between the employer/employee/medicare capital gains surtax).

Increase the taxes on tobacco.

Create carbon taxes.

Rain taxes.

They've done quite a bit, just none of it good.

a reply to: Southern Guardian

That study also conveniently ignores how much many of those people directly and indirectly have contributed to society through innovation and job creation.

Bezos employs several hundred thousand people, many of whom make well into six figures. Not too mention all the wealth he has created for shareholders both individual and institutional that have invested in Amazon. Not too mention all the ancillary jobs and businesses that exist because of Amazon.

These guys are worth so much because they created many times more in value to society.

The lady who wrote Harry Potter is a billionaire. Think about that. This woman was broke and wrote a story that captured the imagination of the world and as a result she is a billionaire. The lady who created Spanx is also a billionaire. George Lucas is worth $3 billion from creating Star Wars.

If you create something and it becomes a global sensation, you too can be a billionaire or at worst, a multi-millionaire.

a reply to: surfer_soul

Thanks for looping me into that crowd. You don't know my post history obviously.

Doesn't stop my curiosity of self identified politically affiliated people in this fraction of a %.

Because i would bet, most are left leaning, and the left want to go after the rich when it's their own they would be going after.

So in conclusion, i think it would be funny watching more of the cannibalizing of a political party when neither are better. It just shows parties are ludacris.

a reply to: Southern Guardian

So 400 people are filthy stinking rich. Cool, I'm pleased for them. I would like a butt load of money too! Can't get angry with someone for having something that you'd want. That's hypocrisy.

As for the taxes, this year was the best I've had in several years. Im feeling this presidency, and it's a good feeling.

Leave the racist, covetous, victimhood-minded Democrats behind.

Trump 2020!

a reply to: neo96

I got caught in that housing crap in 08. Lost 90k on my house.

a reply to: lakenheath24

And ?

Think rich peoples houses don't depreciate like everyone elses?

originally posted by: neo96
That study is a LIE.

www.usdebtclock.org...

Household Assets/Unfunded liabilities.

Thanks for pointing that out!

I was about to call for a new socialist-communist model, to level the playing field.

originally posted by: Bluntone22
a reply to: Southern Guardian

I love the tax return jab at the end......down 8.4%

When in truth...
From a USA today article....

"a smaller refund doesn't mean you're paying more in total in taxes. In many cases, much of your tax savings showed up in each paycheck, which could result in a smaller refund."

Maybe people shouldn't use the goverment as their savings account and start using the extra money per paycheck to get ahead.
But no, they will blame somebody else for all their problems.


Trump 2020!

Yeah, but low info voters don't know that and probably don't care to hear it either.

Trust me, I tried. I'm talking the southside of town, just ignorant people who don't care because its a check.

When you really think about it, the differences between the various layers of our social stratifications are ideological, hard to tell tangibly just by judging a book by its cover, rather, have a conversation with them, it's telling.

originally posted by: TexasTruth
When you have Bezos worth 131 billion and a flood of illegals and generational welfare then of course it’s going to be a startling percentage.
I would rather have a shot at being Bezos than to see him robbed by the government and his wealth handed over to leaches.

Exactly....he paid his dues... look at Amazon's first office. Going from there to where it is now, that's America. Dont like it dont buy from Amazon. And at 556,000 part time and full time employees, keeping a load of people working, not to mention where ever a ware house/distribution center opens local economy booms. All because he wanted to sell books on the internet LOL.

originally posted by: filthyphilanthropist
a reply to: Southern Guardian

So 400 people are filthy stinking rich. Cool, I'm pleased for them. I would like a butt load of money too! Can't get angry with someone for having something that you'd want. That's hypocrisy.

As for the taxes, this year was the best I've had in several years. Im feeling this presidency, and it's a good feeling.

Leave the racist, covetous, victimhood-minded Democrats behind.

Trump 2020!

There's nothing 'hypocritical' about looking at societal structures and questioning a system built to protect (and run by) a very small wealthy fraction that have been constantly rewarded for a complete lack of morals and unmitigated greed.

Ugh, as if there aren't already enough responses in this thread that sound like they are PSAs written by the corporate elite that don't want anyone dreaming of upsetting the setup.
Doing their work for them.
Deny ignorance y'all.