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Who are the 1%?

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posted on Oct, 11 2011 @ 11:22 PM
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reply to post by projectvxn
 


This is what I understand as the 1%.
theonepercentdocumentary.com...
this documentary was on net flix, it was pretty informative. for all points and purposes this pretty much sums it all up.




posted on Oct, 11 2011 @ 11:30 PM
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Originally posted by The Old American
Well I have my own bills to pay for, thank you. I'm tired of being expected to pay someone else's because they didn't know how to be responsible for themselves.
The following is my opinion as a member participating in this discussion.


So are you okay with us taxpayers having to bail out a bunch of these rich elitists and their corporations when they acted irresponsible and caused the 2008 crash?

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



posted on Oct, 11 2011 @ 11:38 PM
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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)


Straw-man argument.

Next!

-rrr



posted on Oct, 12 2011 @ 12:08 AM
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Originally posted by The Old American



No, I comprehend the point of OWS perfectly. They all signed a contract they shouldn't have. They got student loans for $100k for that Bachelor of Fine Arts degree, make $25k a year and bought a $150k house, and constantly get jobs flipping burgers, but feel they are entitled to $20 an hour doing so. Then they blame "the rich" for their plight all because nobody should prosper if the OWS whiners don't.


What are you talking about? You are just making things up and acting like they are facts.



If they don't mean everyone making over X amount, then they need to stop with the little play on words crap and say what they mean. Because every time they say "the 1%", I'm going to bring in the fact that the 1% includes small business people. You know, the nation's largest employers.


Like conservatives saying "smaller government"? I suppose I get your frustration



Nobody is owed a job. Nobody is owed a wage. Everyone is owed life, liberty, and the pursuit of happiness. But nobody is guaranteed happiness. Every single person in the U.S. has a chance to pursue anything they want to. It's nobody else's fault if they don't achieve it. It isn't my fault, or your fault, or that lady over there's fault that some guy is in debt $100k in student loans and didn't get a high-paying job from it. Yet they expect you, and me, and that lady over there to pay for it.


No, that is what right wing media is telling you... People are out there protesting the corruption,
remember the banks, that expected you, and me, and that lady over there to pay for it.



Well I have my own bills to pay for, thank you. I'm tired of being expected to pay someone else's because they didn't know how to be responsible for themselves.

/TOA


Who's bill did you pay, is that rhetorical, like smaller government???
edit on 12-10-2011 by mastahunta because: (no reason given)



posted on Oct, 12 2011 @ 12:32 AM
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Originally posted by defcon5

Originally posted by The Old American
Well I have my own bills to pay for, thank you. I'm tired of being expected to pay someone else's because they didn't know how to be responsible for themselves.
The following is my opinion as a member participating in this discussion.


So are you okay with us taxpayers having to bail out a bunch of these rich elitists and their corporations when they acted irresponsible and caused the 2008 crash?

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


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?

Y'know, there is a commonality here. Anyone with two neurons to rub together can see it:

The "impoverished" whine to government that they want more, so the government takes from you, and me, and anyone else that can't afford it, and gives it to them.

The "rich" whine that they want more, so the government takes from, you, and me, and anyone that can't afford it, and gives it to them.

The problem is not corporations. The problem is that most people don't actually have two neurons to rub together to see what the real problem is.

/TOA



posted on Oct, 12 2011 @ 12:34 AM
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To me the 1% are not the small business owners making $300,000 per year. The monicker, at least in my opinion, is geared more toward the "filthy" rich who have become that way by exploiting the American public, not just via economics, but politics as well.

The influence these people and corporations have over not just the financial state of our country, but its state in general, is outstandingly outlandish. No one is saying people can't be rich. All we are saying is do it the "proper" way, without exploiting the population of America, as well as those of other nations. What I am really trying to say isn't coming across, since I haven't slept in about 36 hours, but do you guys understand what I basically mean?

These people take shortcuts, although some of the more delusional people would like to believe that they simply "worked hard" to earn those billions upon billions of dollars. Very few actually have. Think about this: For every filthy-rich billionaire who actually worked "honestly," and I use that term loosely, for his/her wealth will most likely leave behind MULTIPLE offspring who have had to do NOTHING their entire lives. Never a REAL job. I do not even want to think how some of the older fortunes in America have been spread around after the death of the proprietors.

Basically corporatism and PREDATORY CAPITALISM are what we are fighting for, and the term 1% doesn't necessarily mean, literally 1%.



posted on Oct, 12 2011 @ 12:34 AM
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Originally posted by rickyrrr

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)


Straw-man argument.

Next!

-rrr


Wow, that was a cogent, well thought out post. But there's one part there in the middle section I'd like you to clarify, if you wouldn't mind. That part about the straw-man argument is a little fuzzy on detail.

/TOA



posted on Oct, 12 2011 @ 12:55 AM
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reply to post by projectvxn
 


I bet I get a thousand stars for posting this!
I think we should go back to the original constitution and remove ALL 17 amendments!!!!


****Disclaimer**** sarcasm


edit on 12-10-2011 by ldyserenity because: to add



posted on Oct, 12 2011 @ 12:59 AM
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Originally posted by projectvxn
reply to post by Gradius Maximus
 


Apparently you didn't bother reading the breakdown. I broke it down all the way to who is actually WORKING in this country and earning money.

The top 1% of wage earners STARTS at 320,000 dollars.

learn2math


you are the most ignorant person i have ever seen in my life. someone here who said 0.001% is correct thats who controls everything and has the money its not about the 1% and it isnt even strictly about americans. wanna know who is causing all the pain and suffering and who controls all the money and is the 1%? look up the names rothschild, rockefeller, warburg, dupont. dig into to that and theres your answer.



posted on Oct, 12 2011 @ 01:40 AM
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reply to post by Evolutionsend
 


I didn't even see that post so allow me to respond to it here. (I guess not seeing a post makes me a troll now?)

Ok. These numbers are based on the Adjusted Gross Income of the top 1%, 5%, 10%, 25%, 50% and lower 50%:

Top one percent income in 2008 starts at $380,354------Tax Rate = 38.02

Top five percent income in 2008 starts at $159,619-------Tax Rate = 58.72

Top ten percent income in 2008 starts at $113,799-------Tax Rate = 69.94

Top twenty five percent starts at $67,280--------Tax Rate = 86.34

Top fifty percent starts at $33,048--------Tax Rate = 97.30

Bottom fifty percent is anything less than $33,048---------Tax Rate = 2.7

Tax Rate meaning: Percentage of Federal Personal Income Tax Paid

Income meaning: AGI Threshold on Percentiles

% meaning: Percentiles Ranked by AGI

Source

Yes, I would say there is a problem with the way our wages, taxes paid from those wages, are distributed among the population.

I believe that the source of much of this is how taxes are applied to income. The ONLY WAY we can account for these disparities is class warfare from the top to the bottom and the bottom to the top for DECADES. It also seems to get worse as government grows in size and power.

What we need to do to fix this, first and foremost, is flatten the tax system, and cut the size of government to reflect a more Constitutional structure. This would help business expand and hire people. People in general would pay a lower percentage but since the tax system is simplified there would be no room for loopholes to take advantage of. So government would get MORE funding instead of having to fight for every penny and waste money in the process.

There IS income in-equality in this country but I believe we are misinterpreting what that actually means. The guy at Micky D's flipping burgers isn't a rocket scientist or a smart investor and shouldn't be making as much. However the smart investors and the rocket scientists shouldn't be paying less in taxes overall as compared to the guy working at Mickey D's because that is simply unfair and violates the spirit of fairness found in our constitution. The Tax code itself is a violation of the equal protection clause. One set of rules for one set of people and another set of rules for others is not what the founders had in mind.

Hell the founders didn't intend on government being so far up the economy's butt that we find ourselves living in a society where socialism, both general and corporate, have become the norm. Can I understand that kind of anger? You bet. Does that mean I support OWS? no. Does that mean that I am going to hate the 1% for having more than I? No.

It means that there are fundamental reforms that need to be made within our system that respects the Constitution, the spirit of free-market capitalism, and equal protection under the law. Screaming about eating the rich, how we need violence to solve the problems and camping out in front of Wall St. isn't going to fix these problems.

Reforming Washington, pushing back against the political force that has locked Washington in a dance with big business for decades by using the system as the founders intended is the way forward.
edit on 12-10-2011 by projectvxn because: (no reason given)



posted on Oct, 12 2011 @ 01:54 AM
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reply to post by Psychonautix
 


I'm ignorant?

There are roughly 6.7 billion people on this planet. What is 1% of that?

That would be 67 million people. And that number doesn't add up in the real world why?

According to an article I read not long ago there are roughly 1210 billionaires in the world and 24 million millionaires.

There are indeed families out there who have assets in the trillions. You listed some of them. But they are not the one percent of the world(regardless, I would agree that they are some scary SOBs).

You know who the richest one percent in the world are? People like you and I. When compared to the wages earned in nearly 2/3 of the world even the lowest earning American could be considered wealthy in contrast.

But when we start talking about real brokerage of power in the world, I must concede that these trillionaire families are some scary people. They do make a lot of money financing war, and helping foment unrest for the sake of more power. I'm not sure profit is a motivation for them as they certainly have more than anyone in the world will ever have. However I do believe that the one currency they do deal in is power. And they do it through governments around the world.

All the more reason to reduce the size and scope of government and return power to whom it belongs. The individuals who make up the United States of America.
edit on 12-10-2011 by projectvxn because: (no reason given)



posted on Oct, 12 2011 @ 02:08 AM
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A study by the World Institute for Development Economics Research at United Nations University reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. The bottom half of the world adult population owned 1% of global wealth.[10] Moreover, another study found that the richest 2% own more than half of global household assets.[11]

secure.wikimedia.org...




  • 1 % of the world population own 40 % of the global assets. The richest 2 % of the world population own more than 51 % of the global assets, the richest 10 % own 85 % of the global assets.
  • 50 % of the world population own less than 1 % of the global assets.[4]
  • The whole global assets volume is about 125 trillion US$.[5]
  • 1.125 Dollar-Billionaires own 4,4 trillion US$. They own 4 times more than the 50% poor people of the world.[6]
  • over 80 % of the world population lives on less than 10 US$/day.;[7] over 50 % of the world population lives on less than 2 US$/day;[8] over 20 % of the world population lives on less than 1.25 US$/day [9]


secure.wikimedia.org...


Now. Lets do some realistic math.

total global assets in the year 2000
= 125,000,000,000,000

So what is 40% of 125 trillion?

0.4 x 125,000,000,000,000
= 50,000,000,000,000

World population in the year 2000 was about 6 billion people.

1% of 6 billion people is:

0.01 x 6,000,000,000
= 60,000,000

So if 60 million people own assets totaling 50 trillion dollars...
How much does each have person have on average?

50,000,000,000,000 / 60,000,000
= 2,083,333

So 2 million on average. But obviously it's more complicated than that, because 1% of the 1% probably own half of all the assets owned by the 1%. It would look like an exponential curve if graphed. I would like to know what the top 0.1% are worth.



posted on Oct, 12 2011 @ 02:19 AM
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reply to post by ChaoticOrder
 


My math was based on the population and income levels of people in the US.

Compared to world populations the income gap is vastly different and far more pronounced. But I believe it is far more complicated than who owns the wealth compared to who is in control of the governments of these nations whose people are so desperately poor.

Good post.
edit on 12-10-2011 by projectvxn because: (no reason given)



posted on Oct, 12 2011 @ 02:21 AM
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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.



posted on Oct, 12 2011 @ 02:23 AM
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reply to post by projectvxn
 


Well if I still got about 2 million dollars even when taking into consideration the billions of poor people living in 3rd world countries, that seems to prove your math must be off a little bit. I have a feeling the top 1% of the US population have much more than 2 million on average.



posted on Oct, 12 2011 @ 02:28 AM
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reply to post by projectvxn
 


The movement is about fairness and being on an equal footing as this nation was once founded upon, Yes most of the Continental Congress may've been wealthy but they saw the paper boy or a mill worker as an equal to one with wealth. Today's wealthy have moved so far away from that it's not even funny.

There are a considerably more amount of tax loopholes and laws that benefit the rich that it's really sad.



posted on Oct, 12 2011 @ 02:30 AM
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the thread fails to factor the wealth of the top dogs like Rothschild and Rockefellers.These guys are the trillionaires and resp for most of the world's problems.



posted on Oct, 12 2011 @ 02:36 AM
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reply to post by ChaoticOrder
 


Hey, take it up with the IRS and the CBO. I used their data.



posted on Oct, 12 2011 @ 02:36 AM
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reply to post by ludwigvonmises003
 


Read the last few posts will ya.



posted on Oct, 12 2011 @ 02:43 AM
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reply to post by projectvxn
 


yes,and do you enjoy fighting for the Rockefeller -Rothschild-Windsor corporate empire?
Who's side are you on ? the common man like you and others ,or the uber rich like Rockefeller who subvert and destroy free market and rig the markets in their favor.

check the derivatives game particularly the interest rate swaps .Thats how the money has been stolen.Not by small businesses and working class. The same Rothschild bribed Gorbachev to surrender the Soviet Empire and his minions Rockefeller and Bush destroyed USA.



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