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If US landmass was divided like US wealth. (Original Post) catbyte Sep 2020 OP
I always wish they would be more specific. fescuerescue Sep 2020 #1
.1% or .01% agree Drb2072 Sep 2020 #2
I would not say dozens a day. But I am sure that when you grocery shop Blue_true Sep 2020 #5
If you work in retail you certainly do fescuerescue Sep 2020 #27
In this map ... aggiesal Sep 2020 #9
yeah, when i was married, we were in the 1%. my ex had a good job. ihas2stinkyfeet Sep 2020 #24
Exactly. The 1% don't have any influence fescuerescue Sep 2020 #28
well, i confess that i contribute to candidates. ihas2stinkyfeet Sep 2020 #32
And how many of that 1% inherited those states? CaptYossarian Sep 2020 #3
The majority of the 1% did not inherit their wealth. oldsoftie Sep 2020 #6
So my contempt is against less people than I realized. CaptYossarian Sep 2020 #12
Warren Buffet knows how much a breakfast sandwich at McDonald's cost Massacure Sep 2020 #33
That's fantastic info. CaptYossarian Sep 2020 #34
More of the super rich are self made. Blue_true Sep 2020 #7
I didn't consider the cyber-boom beyond Bill Gates. CaptYossarian Sep 2020 #11
Cyber boom was a really excellent term. I believe that the Internet Blue_true Sep 2020 #13
Vulture capitalists like Bain didn't help either. CaptYossarian Sep 2020 #15
Yes. Companies like that immensely damaged the nation. nt Blue_true Sep 2020 #16
Absolutely. Mitt and Bain sold the assets and closed the plants. Good paying Jobs were lost. FU Mitt Evolve Dammit Sep 2020 #19
He also destroyed KayBee Toy stores and wanted to take Sesame Street (PBS) off the air. CaptYossarian Sep 2020 #25
Didn't know that about Seasame Street. Such a radical show. JFC. What happened with his dog?? Evolve Dammit Sep 2020 #30
The Mittster family went on vacation with a gargantuan SUV and the dog was in a cage on the roof. CaptYossarian Sep 2020 #31
Jeesus H. That is unbelievable. That alone should disqualify for him for public office. Evolve Dammit Sep 2020 #35
It only makes sense with the (R) after his name. CaptYossarian Sep 2020 #36
That's an awful long commute for the bottom 60% to go to work lunatica Sep 2020 #4
The top 10% isn't as far away as one would think. A person that makes Blue_true Sep 2020 #10
Thanks for the clarification lunatica Sep 2020 #17
No problem. A lot of people don't realize that being in the top 10% Blue_true Sep 2020 #18
Many of the Faculty in UC Berkeley where I worked lunatica Sep 2020 #21
It would be interesting to compare this to the 1980 map before Ray-gun took over ... aggiesal Sep 2020 #8
Reagan made things considerably worse, but we were losing industries in the late Blue_true Sep 2020 #20
I agree about losing industries ... aggiesal Sep 2020 #23
I hope everyone here is okay with this. warmfeet Sep 2020 #14
it is going to do nothing but get more unequal, and it will become a death spiral eventually Celerity Sep 2020 #22
Part of the problem is perception NewJeffCT Sep 2020 #26
So 17% of the population has the wrong ideal. fescuerescue Sep 2020 #29

fescuerescue

(4,448 posts)
1. I always wish they would be more specific.
Tue Sep 8, 2020, 05:03 PM
Sep 2020

It's the 0.1% that is the problem. Not the 1%.

1%'ers don't own jets and superyachts and vast tracts of land. It's the 0.1%

Most of us interact with dozens of 1%'ers everyday.

Drb2072

(16 posts)
2. .1% or .01% agree
Tue Sep 8, 2020, 06:30 PM
Sep 2020

To see the map broken up by the .01% or .1% Would be eye opening.

However, most of us, by the law of math, do not interact with “dozens” of 1%ers daily, unless we interact with dozens of hundreds of people daily. Fairly unlikely.

My favorite analogy is a millionaire is closer in wealth to a bum in the street who he just gave $10 to than he is to Jeff Bezos.

Blue_true

(31,261 posts)
5. I would not say dozens a day. But I am sure that when you grocery shop
Tue Sep 8, 2020, 06:58 PM
Sep 2020

you are rubbing elbows with lots of 10%ers and likely several 1%ers. A person making more than $80,000 per year as an individual is a member of the 10%ers. A 1%er is a person making $150,000 a year, and above, as an individual. Incomes are not rocket science, the vast majority of Americans make less than $70,000 per year as an individual, so it doesn’t take much for a person to reach the 1%, hell, a decently successful business owner is surely a 1%er, but I can promise you that person lays awake at night thinking about unanticipated setbacks.

What I would like to see in terms of tax policy is a truly progressive tax table implemented. No one should not pay some type of tax, tax revenue is what keeps society glued and running. But as things are now, lower wage earners face a much more onerous tax burden that high income individuals, we need to flatten that so that high earner pay taxes in proportion to the benefits that they get from society.

fescuerescue

(4,448 posts)
27. If you work in retail you certainly do
Wed Sep 9, 2020, 09:57 AM
Sep 2020

Even a walmart cashier. That's just one customer every hundred. (Ironically the only people I know that refuse to shop at Walmart are NOT 1%'ers, but I digress)

If you drive on the highway you pass or are passed by lots of 1%'ers. Basically every 100 cars. Granted I wouldn't call that rubbing elbows. But I take your point I probably overstated it.

I bet the most of that large 1% space is actually 0.1% space.

By and large, 1%'ers are not the ones setting tax policy or running large corporations or screwing up this country. It's the 0.1%

That's a great analogy.

aggiesal

(8,914 posts)
9. In this map ...
Tue Sep 8, 2020, 07:12 PM
Sep 2020

90% own the Dark Blue
9% own the Gray
1% own the largest chunk of land in RED.

0.1% is a big problem, but 1% is a huge problem.

 

ihas2stinkyfeet

(1,400 posts)
24. yeah, when i was married, we were in the 1%. my ex had a good job.
Wed Sep 9, 2020, 07:39 AM
Sep 2020

we werent rich. he made the kind of money where you dont have to worry about money. we invested wisely, and when i divorced him i got the kind of money where i made more money.
but i still have to work for my money. i got a rental property w no equity, and a tidy pile of cash. i bought another property that was a wreck and rehabbed it.
right now that 2 flat has 1 empty unit, since feb, and the other about to be. it is still work, and still risk. i lost my old crew due to the plague.

i work every day, tho i am in the 1% in my own right.
i have zero influence w anyone. i cant even get my mail these days after cussing out my maskless letter carrier.

it is the .1% that is behind much of the fuckery, and the .01% more so.

fescuerescue

(4,448 posts)
28. Exactly. The 1% don't have any influence
Wed Sep 9, 2020, 09:59 AM
Sep 2020

At least not anymore than the 99%.

It's the 0.01%.

But I suppose that's not as clever of a message.

 

ihas2stinkyfeet

(1,400 posts)
32. well, i confess that i contribute to candidates.
Wed Sep 9, 2020, 11:58 AM
Sep 2020

i got to shake obama's hand a few times, and i got his autograph.
other than that, my money got me nuthin w any politician.

CaptYossarian

(6,448 posts)
3. And how many of that 1% inherited those states?
Tue Sep 8, 2020, 06:40 PM
Sep 2020

At leastpeople like Gates, Oprah and Bloomberg did something to get there.

The others can only Google sweat, callouses and blisters. They can put the "green" in Soylent Green.

oldsoftie

(12,533 posts)
6. The majority of the 1% did not inherit their wealth.
Tue Sep 8, 2020, 07:04 PM
Sep 2020

Worldwide about 13% of billionaires inherited ALL of their wealth

Massacure

(7,521 posts)
33. Warren Buffet knows how much a breakfast sandwich at McDonald's cost
Wed Sep 9, 2020, 12:13 PM
Sep 2020

If you ask Warren Buffet how much a breakfast sandwich at McDonald's cost, he'll be able to tell you. He's mentioned that he orders one on his way to work each morning and pays with exact change. He also lives in the same house he bought in the 1950s for $30,000.

That's the sign of humbleness in a guy who is worth $80 billion.

CaptYossarian

(6,448 posts)
34. That's fantastic info.
Wed Sep 9, 2020, 01:15 PM
Sep 2020

A human-interest story about a real human.

I'll have to look up George Soros, who doesn't need a house. He lives inside the heads of millions of conservatives. (Seriously, that's all I know about him.)

Blue_true

(31,261 posts)
7. More of the super rich are self made.
Tue Sep 8, 2020, 07:07 PM
Sep 2020

Jeff Bezos is self made, though he launched Amazon after a successful venture capital career. Larry Page and Sergei Brin started Google in rented space of the garage of the family home of a woman they had worked with. The two people that started up Apple also started up in a rented garage, although both came from a previous Tech startup and had a small amount of money from that.

Bill Gates actually came from an upper middleclass or low rich household, though his parents could not imagine what he would go on to do after dropping out of Harvard.

Blue_true

(31,261 posts)
13. Cyber boom was a really excellent term. I believe that the Internet
Tue Sep 8, 2020, 07:20 PM
Sep 2020

and related cyber technology is at the root of income inequality in the USA and worldwide. Technology can mint billionaires, but it also is wiping out the jobs of working class people and consigning them to poverty. Implementing policies like income support would mitigate the damage, but at this point I don’t believe there is anything to reverse it.

CaptYossarian

(6,448 posts)
25. He also destroyed KayBee Toy stores and wanted to take Sesame Street (PBS) off the air.
Wed Sep 9, 2020, 09:10 AM
Sep 2020

Great family values there, Mitt. It must be why he gravitated toward Paul "Eddie Munster" Ryan.

He doesn't just abuse the family dog (on the roof).

CaptYossarian

(6,448 posts)
31. The Mittster family went on vacation with a gargantuan SUV and the dog was in a cage on the roof.
Wed Sep 9, 2020, 11:32 AM
Sep 2020

Imagine what that dog was thinking at highway speeds and big rigs passing by.

It wasn't an open pen kind of cage. It was like a pet carrier for a larger dog. Otherwise, the dog would have been pinned to the back wall, like one of those carnival rides that spin around and you can't move your arms.

Mitt was publicly ripped for animal cruelty on that one. He would've lost anyway just for being Mitt (and having a douche for a running mate--Paul Ryan).

Blue_true

(31,261 posts)
10. The top 10% isn't as far away as one would think. A person that makes
Tue Sep 8, 2020, 07:13 PM
Sep 2020

more than $120,000 per year is in the top 10%. My guess is every time you go grocery shopping, you are rubbing elbows with a number of top 10% people. BTW, the vast majority of them are employees themselves, precious few own or co-own businesses.

lunatica

(53,410 posts)
17. Thanks for the clarification
Tue Sep 8, 2020, 07:43 PM
Sep 2020

My intent was to continue the original thought of placing the economic demographic on a make believe map and add to the humor. It was not based on any facts.

Blue_true

(31,261 posts)
18. No problem. A lot of people don't realize that being in the top 10%
Tue Sep 8, 2020, 07:48 PM
Sep 2020

doesn’t mean much in terms of economic security, because most 10% people work for companies. They tend to be people that have options like telecommuting, and work from home but they still are wage class people.

lunatica

(53,410 posts)
21. Many of the Faculty in UC Berkeley where I worked
Tue Sep 8, 2020, 07:54 PM
Sep 2020

have salaries that high and higher.

UC has salaries like that for Faculty because they compete with the highest ranking private universities. They usually rank in the top American Universities.

I worked in Administration. The pay was pretty miserly for us though. But the benefits were great. I live on social security and my UC pension.

aggiesal

(8,914 posts)
8. It would be interesting to compare this to the 1980 map before Ray-gun took over ...
Tue Sep 8, 2020, 07:09 PM
Sep 2020

The shift in wealth should be pretty dramatic.

Blue_true

(31,261 posts)
20. Reagan made things considerably worse, but we were losing industries in the late
Tue Sep 8, 2020, 07:53 PM
Sep 2020

60s. Reagan put things on steroids and made it ok for executives to stuff their pockets instead of invest money in people and manufacturing plants.

aggiesal

(8,914 posts)
23. I agree about losing industries ...
Tue Sep 8, 2020, 08:34 PM
Sep 2020

Reagan started the transfer of wealth with his tax deductions for the wealthy.

Celerity

(43,349 posts)
22. it is going to do nothing but get more unequal, and it will become a death spiral eventually
Tue Sep 8, 2020, 08:29 PM
Sep 2020

without MASSIVE systemic changes, changes which the gamed-out Constitutional form of US governance prevents by its very nature.

1. The Senate itself (70% of the seats soon controlled by 30% of the population, and that 30% being far more reactionary RW, racist, older, whiter, less-educated, more fundie religious than the 70%.)

2. The Electoral College (We must increase the size (it only takes an Act of Congress, not a Constitutional Amendment) of the House to 1001 at a minimum, hopefully 1401 or 1501 and then much more even distribute the EV's).

3. Non-proportional representation. (That will, never happen as we would have massively amend the Constitution)

4. Gerrymandering creating a massive artificial slide to the Right, with so so many purple, pink, reddish districts that generally produce feckless centre to centre right members of Congress who have to stand against the above-mentioned massive systemic changes for fear of being labelled (a pure lie btw) a fucking socialist/commie.

You can see this in action now on Twitter and other social media, where many of the spin-masters who claim to be on our side have been gradually changing their messaging from 'it's a centre-left nation', to then moving onto 'it's a centrist nation' to now 'it's a centre-right nation' (when they are bashing anything to left of Sinema/Coons/Warner/Manchin or (House) Stephanie Murphy/Costa/Lamb/Gottheimer/Bustos on giant issues like banking regulation/Wall Street oversight, energy/global warming, and healthcare).

FOAT (fear of another Trump) will be used to try and gain the whip-hand over any major attempts to slide substantively back in a leftward direction. That will dovetail with the need to pay off all these never Trumper Rethugs and to chase the elusive centre and centre right voters (plus hold those artificially-made centre right-friendly (and even some red ones) swing districts) who crossed over to vote Rump out. The underlying thought being that the actual left has nowhere else to go and even the ones who actually do leave can be made up for by gaining more votes on the centre right.

NewJeffCT

(56,828 posts)
26. Part of the problem is perception
Wed Sep 9, 2020, 09:18 AM
Sep 2020

I remember a poll during the Bush Jr years - 18% of Americans thought they were in the top 1%

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