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Sanddancer

(52 posts)
Thu Aug 30, 2012, 03:16 PM Aug 2012

19% of Americans think they are in the top 1% of earners.

Read this in The Economist a few years back and will try and find it. And it's been posted here before but it's worth mentioning again.

Should such ignorance bother us? Yes, very much so, because it is these deluded numbskulls that vote and think that when we talk about the "1%" we are talking about them. They may also be the same folks living middle class lives, living in normal value properties who believe they are in danger of being caught by inheritance tax.

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treestar

(82,383 posts)
2. If they are middle class ordinary people, then they are really stupid
Thu Aug 30, 2012, 03:24 PM
Aug 2012

If they are close, then that may not be so dumb.

 

Yavin4

(37,182 posts)
3. Not Too Suprising. Most Americans Don't Live Near The Uber Wealthy
Thu Aug 30, 2012, 03:41 PM
Aug 2012

For example, say you live in Mobile, Ala, and you make $80,000 a year. For Mobile, you're in the top 10% of earners. There are no billionaires near you, so your perspective is askew.

ThoughtCriminal

(14,721 posts)
5. A "few years back" was 1999
Thu Aug 30, 2012, 04:15 PM
Aug 2012

When people were doing a lot better and could be very optimistic.

But more significantly, it has been long established that people do not answer survery questions like that honestly. They exaggerate wealth, how healthy they eat, how much they exercise, how much they volunteer, give to charity, etc. Even in anonymous surveys.


 

SheilaT

(23,156 posts)
7. This matters very much, and it's NOT that these people are just
Thu Aug 30, 2012, 04:22 PM
Aug 2012

deluded numbskulls. They're probably not. But the top 19% are doing quite well. They may be making six figures, and if they've lived within their means they have savings and a reasonably nice life. These may also be people who don't particularly fear for their jobs. Maybe they're older retired people with a pension, social security, a home that's paid for and so on. What they don't get is how far from the top 1% they really are. They probably don't understand how very well the top had done in recent years.

What I'm saying is that mathematical ignorance is the real problem here. Be honest now, how many of you who graduated from high school at least five years ago remember anything of the math you took? Let's see a show of hands. You, in the back, I know you, and I know you had to take algebra twice to pass. I know you don't remember anything.

We here an DU, even those of us who don't have amazing math skills, tend to have a decent grasp of just how very far above us the 1% really are. And how huge the spread is at the top end as you move up the income gradient. Hopefully, there will be some political advertizing this season that helps inform people, but I'm not holding my breath.

JI7

(93,615 posts)
8. i read that one also, and it told more about Why people vote for certain candidates
Thu Aug 30, 2012, 07:04 PM
Aug 2012

than polls asking directly which candidates they support.

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