Who are the 1%?

Originally posted by defcon5

Originally posted by The Old American
What gives you that idea? Because I'm tired of paying for some other irresponsible, pathetic, whiny person's debt somehow means I'm OK with bailing out Wall Street? Or is it only "you're with us, or you're against us" with you people?

The following is my opinion as a member participating in this discussion.

It seems to me that the movement is about making corporations and the rich pay their fair share back into the system, and holding them accountable for their actions. Its not about providing more social service benefits to the poor, but rather who is providing how much help toward the social services that are already provided. The elite, who were the ones who cut peoples pensions and benefits, want the middle class to solely support the weight of all the social services that are provided, when often, they are in fact the ones responsible for placing that burden on society to begin with.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

Originally posted by projectvxn
What's 1% of 330 Million?
3 million 3 hundred thousand.

But that doesn't represent the total productive people in the country as not all 330 million people in this country work. As a matter of fact it's only about 53% of 330 million who work in some capacity or another. So what is that number? 174 million 900 thousand.

What's one percent of that(mind you, we're talking about wage earners. This includes small business owners and the richest among us as well). 1 million 700 thousand or so.

Now, the top ten percent is anyone who earns more than 100,000 dollars. So what do you have to earn in order to be in the one percent? Well, you have to START at 310,000 dollars.

That is a small business. That's not enough to get an independent coffee shop started in Reno, NV. Don't like my numbers? How about fact check.org

FactCheck.Org

The top 1 percent in 2005 were those households with income of at least $307,500, and they got 18.1 percent of all "comprehensive" income, which includes all cash income plus the cash value of such benefits as Medicare and food stamps.

Now that was 6 years ago. With inflation rates of 2 and 3% per year you're still only looking at about 320,000 dollars per year. That is STILL not enough to open a small coffeeshop store front in Reno, NV.

So who are the 1%? People who have retirement accounts of more than 300 thousand dollars. People who own small businesses who do most of the hiring in this country.

Yeah. Screw the one percent. Those people are evil.

edit on 11-10-2011 by projectvxn because: (no reason given)

Originally posted by defcon5

Originally posted by The Old American
What gives you that idea? Because I'm tired of paying for some other irresponsible, pathetic, whiny person's debt somehow means I'm OK with bailing out Wall Street? Or is it only "you're with us, or you're against us" with you people?

The following is my opinion as a member participating in this discussion.

It seems to me that the movement is about making corporations and the rich pay their fair share back into the system, and holding them accountable for their actions. Its not about providing more social service benefits to the poor, but rather who is providing how much help toward the social services that are already provided. The elite, who were the ones who cut peoples pensions and benefits, want the middle class to solely support the weight of all the social services that are provided, when often, they are in fact the ones responsible for placing that burden on society to begin with.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

Originally posted by The Old American

Originally posted by defcon5

Originally posted by The Old American
What gives you that idea? Because I'm tired of paying for some other irresponsible, pathetic, whiny person's debt somehow means I'm OK with bailing out Wall Street? Or is it only "you're with us, or you're against us" with you people?

The following is my opinion as a member participating in this discussion.

It seems to me that the movement is about making corporations and the rich pay their fair share back into the system, and holding them accountable for their actions. Its not about providing more social service benefits to the poor, but rather who is providing how much help toward the social services that are already provided. The elite, who were the ones who cut peoples pensions and benefits, want the middle class to solely support the weight of all the social services that are provided, when often, they are in fact the ones responsible for placing that burden on society to begin with.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

I guess you haven't seen the videos with interviews of several of the OWS participants that are there picketing because they are in debt, or out of a job, and for some reason they seem to believe that someone else has something to do with that. People all over the internet post pictures of themselves with placards giving their story of how they're upside down on a mortgage and have had no job for the last bajillion years. They also seem to believe that someone owes them something because of it. This movement is about person A wanting person B's stuff because person A feels they are entitled to it.

And you, and I, and everyone else that has a job will pay for their perceived entitlement to happiness. It doesn't matter that people like me are teetering on the fence of being able to afford it. The government will make us pay anyway because to progressives, the needs of the few outweigh the needs of the many.

/TOA

Originally posted by The Old American
I guess you haven't seen the videos with interviews of several of the OWS participants that are there picketing because they are in debt, or out of a job, and for some reason they seem to believe that someone else has something to do with that.

The problem with the OWS folks, is they want more regulation, when what we need is less regulation! We need to stop making more and more restrictions on the little guys and giving the big guys a free pass. If we had a truly free market and stopped favoring the large corps, then the wealth would automatically redistribute on its own.

you think that the top 25 most wealthy people on this planet would gross 25 trillion dollars?
LOL.

This is Forbes' 25th year of tracking global wealth and it was one to remember. The 2011 Billionaires List breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion).

Originally posted by felonius

Originally posted by defcon5

Originally posted by The Old American
What gives you that idea? Because I'm tired of paying for some other irresponsible, pathetic, whiny person's debt somehow means I'm OK with bailing out Wall Street? Or is it only "you're with us, or you're against us" with you people?

The following is my opinion as a member participating in this discussion.

It seems to me that the movement is about making corporations and the rich pay their fair share back into the system, and holding them accountable for their actions. Its not about providing more social service benefits to the poor, but rather who is providing how much help toward the social services that are already provided. The elite, who were the ones who cut peoples pensions and benefits, want the middle class to solely support the weight of all the social services that are provided, when often, they are in fact the ones responsible for placing that burden on society to begin with.

As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.

Yeah. Right.

Rich paying "their share".

Kinda like obama considering anyone making 250k or above rich?

Horse crap.

The primary goal of ALL of this is the destruction of our country...PERIOD.

Wake up and see the bolsheviks for what they are.