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TreasonousBastard

(43,049 posts)

4. Would you believe 40%...

Thu Dec 26, 2013, 07:39 PM

Dec 2013

http://www.census.gov/compendia/statab/2012/tables/12s0718.pdf

But that doesn't mean much the way trusts are set up. And it's not everyone.

There are a lot of talking points on all sides that should be tossed, but who is to decide...

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You know the statement "Women own 60% of US wealth" is just MRA idiocy, right? [View all] Squinch Dec 2013 OP

Yes, it is. The trash is precisely where it belongs. PDJane Dec 2013 #1

How much wealth does Alice Walton have? hobbit709 Dec 2013 #2

A statistically atypical amount, one may hazard... LanternWaste Dec 2013 #7

Tis the Exception that makes the Rule. Tuesday Afternoon Dec 2013 #9

I don't know. How much does she have? Squinch Dec 2013 #10

The Walton family heirs have more wealth than the bottom 40% of the country. hobbit709 Dec 2013 #11

OK, then. Squinch Dec 2013 #12

She has an enormous amount, so do Bill Gates, Warren Buffet and the Koch Brothers Bjorn Against Dec 2013 #16

Don't confuse wealth and income. hobbit709 Dec 2013 #17

That is simply not true. n/t demmiblue Dec 2013 #20

Where did I confuse wealth and income? Bjorn Against Dec 2013 #22

Your assertion is disingenuous, chervilant Dec 2013 #110

About the same as her 3 brothers. jeff47 Dec 2013 #52

As of last year 14th richest in the world - TBF Dec 2013 #117

And only a few men control most of the wealth. hobbit709 Dec 2013 #118

Agree 100%. nt TBF Dec 2013 #119

And where I have been seeing the statement, it usually refers to the US. Squinch Dec 2013 #132

Christy (the wife) and Alice (the daughter) of Sam Walton TBF Dec 2013 #137

i saw today the 60% claim. here on du. nt seabeyond Dec 2013 #3

I see it here all the time! Squinch Dec 2013 #5

Would you believe 40%... TreasonousBastard Dec 2013 #4

From that link, I would believe that in 2004, 40% the group of Americans who Squinch Dec 2013 #8

True, but it doesn't mean they don't... TreasonousBastard Dec 2013 #13

The 77 cents figure is not a useless talking point to express outrage. It is from the US Census Squinch Dec 2013 #18

You weren't. But that happens all the time on DU kcr Dec 2013 #23

I guess I could try shrieking if it makes it more fun for people. But my throat is a little Squinch Dec 2013 #24

Shrieking harpy feminists. Curmudgeoness Dec 2013 #29

??? kcr Dec 2013 #32

I've seen that group. Curmudgeoness Dec 2013 #34

But I do think that the post you responded to was supporting the OP Squinch Dec 2013 #125

It does seem that way now. Curmudgeoness Dec 2013 #173

I think you are right. Squinch Dec 2013 #60

Your post was alerted on (2 - 4 to leave it). DLevine Dec 2013 #112

OK, but we're back to the solution... TreasonousBastard Dec 2013 #25

I believe that we were talking about the fallacy of the statement that 60% of American Squinch Dec 2013 #26

Lily Ledbetter does not mandate equal pay boston bean Dec 2013 #42

The equal pay act of 1963 is inadequate? lumberjack_jeff Dec 2013 #69

Obviously it is inadequate. boston bean Dec 2013 #113

0% Jeff- really? I know you used to float this 60% of wealth bullshit, so I'm bettyellen Dec 2013 #172

Your questions jogged my memory to an article from earlier this month NoOneMan Dec 2013 #63

Stop I insulting us by saying we make less seattledo Dec 2013 #38

This doesn't make much sense to me. Would you clarify? Squinch Dec 2013 #39

Yep, right into the trash treestar Dec 2013 #6

it's hilarious after I posted my reply about QEII, I saw your post above with graphic Pretzel_Warrior Dec 2013 #15

and then if you take The Queen of England out of the equation.... Pretzel_Warrior Dec 2013 #14

. Squinch Dec 2013 #19

Or perhaps if you take the Sultan of Brunei out of the equation intaglio Dec 2013 #106

This message was self-deleted by its author Squinch Dec 2013 #123

easy there hfojvt Dec 2013 #143

Lol. Pretzel_Warrior Dec 2013 #167

Yes. K&R Egalitarian Thug Dec 2013 #21

Yeah, the claim is bullshit. ancianita Dec 2013 #27

That second link shows that Squinch Dec 2013 #28

And that's in rich USA. Worldwide, the UN claims that women have only 5% of cash, 1% of property ancianita Dec 2013 #40

Oh, my God! That is stunning! Squinch Dec 2013 #41

The UN keeps the most sweeping data on how women lose the war men wage against them. ancianita Dec 2013 #46

Which doesn't really pertain to who controls what percent of wealth NoOneMan Dec 2013 #62

Yes, but really, that's what matters. kcr Dec 2013 #101

No, Im talking about everyone. All ordinary people. NoOneMan Dec 2013 #102

Okay. Then why does it matter if women "control 60% of the wealth" kcr Dec 2013 #103

I don't know. Do you think it matters? NoOneMan Dec 2013 #107

No, I don't really think it matters very much. kcr Dec 2013 #109

And I am seeing a few here that actually agree Squinch Dec 2013 #133

If the women marry men who make more than them, why do you assume that the Squinch Dec 2013 #126

I assume they both do equally because they do by law NoOneMan Dec 2013 #141

Exactly. They both do equally, so they cancel each other out. Squinch Dec 2013 #144

wealth <> income lumberjack_jeff Dec 2013 #72

Excellent post, Squinch. Curmudgeoness Dec 2013 #30

Thank you! Squinch Dec 2013 #31

I think THIS is the first time I have seen it. hfojvt Dec 2013 #33

excess single women paulkienitz Dec 2013 #36

that was my thought too hfojvt Dec 2013 #54

Can you provide the source for this? I don't understand the Squinch Dec 2013 #37

I added a link for the 2011 census of wealth hfojvt Dec 2013 #44

So we'll have to use your 2002 numbers so we are both talking about the same thing. Squinch Dec 2013 #53

not sure what you mean by categories hfojvt Dec 2013 #65

By categories, I mean the breakdowns into for example "below zero and above 500000" Squinch Dec 2013 #124

probably these questions would be resolved hfojvt Dec 2013 #142

As you say, for a discussion I think we would both need access to the source. Squinch Dec 2013 #146

well the link to 2011 has the same categories hfojvt Dec 2013 #152

OK, looking at the fourth link you referred me to, if we assume, as has been posited in this thread Squinch Dec 2013 #156

the medians are in table 1 hfojvt Dec 2013 #158

But it also shows that 19% of men over 65 are own more than 500,000, compared to 11% Squinch Dec 2013 #163

I see your update, but before I go and look at those numbers, let me Squinch Dec 2013 #47

"Cancel each other out???" lumberjack_jeff Dec 2013 #71

+100 n/t lumberjack_jeff Dec 2013 #70

I think this deserves its own post: you misread the data in coming up with your 55.6% number. Squinch Dec 2013 #175

funny thing... I heard similar claims even back in the eighties! paulkienitz Dec 2013 #35

I found it as far back as 2002 on the net. In the MRA thread Squinch Dec 2013 #134

That's a bingo! nt MrScorpio Dec 2013 #43

Most Women outlive their Hubbies....... nt Cryptoad Dec 2013 #45

Women do live longer on average. Is there more that you wanted to say about that? Squinch Dec 2013 #48

No not really,,,, just one of the facts that skews the data ,,,nt Cryptoad Dec 2013 #50

In what way? And what data are we talking about? The point Squinch Dec 2013 #55

Data on wealth of any kind is hard to come by Cryptoad Dec 2013 #58

So are you saying that wealth controlled by widows doesn't count? lumberjack_jeff Dec 2013 #67

Where is the backup to support your claim that wealth of widows is large enough to make kcr Dec 2013 #74

Posts 33 and 59 for starters. lumberjack_jeff Dec 2013 #75

Okay, what am I missing? kcr Dec 2013 #76

Post 33 uses wealth data from the census... lumberjack_jeff Dec 2013 #77

In other words, it doesn't back up your claim n/t kcr Dec 2013 #78

See post labeled "OP"? See the name next to it? lumberjack_jeff Dec 2013 #79

The earth is round. Gravity exists. The sun rises because the earth rotates. kcr Dec 2013 #80

The OP made a simple claim. lumberjack_jeff Dec 2013 #82

She made a claim that is correct kcr Dec 2013 #86

I've posted lots of *evidence*. lumberjack_jeff Dec 2013 #87

Nothing you've posted backs it up kcr Dec 2013 #90

One of my favorite links on the topic lumberjack_jeff Dec 2013 #93

Hmm. Donna Rasile, wealth manager kcr Dec 2013 #97

And if you read hfojvt's post you will see he makes a large number of unsuported assumptions intaglio Dec 2013 #108

If so, conversely, there's no data backing up your counterclaim. lumberjack_jeff Dec 2013 #66

And if they have sons, when they die 5 -10 years later at the age of 70-80 it goes to sons... boston bean Dec 2013 #114

they didn't earn it themselves treestar Dec 2013 #84

yeah, when speaking of earning potential, we don't usually include inheritances. boston bean Dec 2013 #115

But I think the point holds even when you include those women who Squinch Dec 2013 #129

If they inherit, they are still in control of it I suppose treestar Dec 2013 #139

That is a valid point madville Dec 2013 #127

Most of the sources that seemed to be thinking about actual wealth, though, and not Squinch Dec 2013 #136

EVERYTHING the mra's say is idiocy. niyad Dec 2013 #49

+1 redqueen Dec 2013 #68

And 73.6% of all statistics are made up on the spot. alp227 Dec 2013 #51

No, seriously? Squinch Dec 2013 #56

"MRA idiocy" is redundant. LeftyMom Dec 2013 #57

A) Then Ann Romney is penniless? B) The power of money is in spending it, not earning it. lumberjack_jeff Dec 2013 #59

If they inherited it from husbands, it should not count treestar Dec 2013 #83

So Christy Walton doesn't control any wealth? lumberjack_jeff Dec 2013 #85

What percent of wealth do women actually own? NoOneMan Dec 2013 #61

Whoa... are you saying you've seen MRA talking points on DU?! redqueen Dec 2013 #64

... and math too!!!! lumberjack_jeff Dec 2013 #73

Unbelievably, I have! Squinch Dec 2013 #138

You're right. Vashta Nerada Dec 2013 #81

Those poor wives. lumberjack_jeff Dec 2013 #88

What is the point of your post? Vashta Nerada Dec 2013 #89

Truly? lumberjack_jeff Dec 2013 #92

I'm pretty sure Liz Koch isn't listed with her husband for a reason. Vashta Nerada Dec 2013 #157

Recognizing this list of men as sole controllers just panders to the patriarchial norm NoOneMan Dec 2013 #96

It seems only one person in this thread is saying that. kcr Dec 2013 #99

Yep. And even if you keep scrolling down the list, the overwhelming majority are men n/t kcr Dec 2013 #91

I think Feminism is just too difficult for the average person to understand. Notafraidtoo Dec 2013 #94

It goes back to a Virginia Tech study back in 2011 according to this... davidn3600 Dec 2013 #95

I wonder if that's where yahoo.answers got it n/t kcr Dec 2013 #98

That doesn't look like an MRA talking point NoOneMan Dec 2013 #100

It is confusing. kcr Dec 2013 #104

I think the Dept. of Education is the source for only the first bullet point. Nine Dec 2013 #116

Okay, that makes sense kcr Dec 2013 #120

Very well said. Squinch Dec 2013 #166

It wasn't really VATech saying it. It was the marketing company "MarketingZeus" Squinch Dec 2013 #122

This message was self-deleted by its author kcr Dec 2013 #104

VA Tech didn't create this. MarketingZeus did, and used that wording in Squinch Dec 2013 #121

Excellent post cinnabonbon Dec 2013 #111

"...they're (women) earning less working the exact same jobs." etherealtruth Dec 2013 #128

+1 Squinch Dec 2013 #130

I was at a job for three years and accidentally found out that a single, just out of college male boston bean Dec 2013 #131

I had that experience, as well etherealtruth Dec 2013 #135

Same thing happened to me except xulamaude Dec 2013 #159

Guess I'm frequenting all the right corners of the intertubes TroglodyteScholar Dec 2013 #140

If most women do not control the wealth and more men than women do, boston bean Dec 2013 #145

But I haven't found anything to support that Squinch Dec 2013 #147

I agree, I was just trying to show how they try to make it seem valid. boston bean Dec 2013 #149

Yes, that is an interesting addition: Squinch Dec 2013 #150

Yes, and it is done to confuse the issue and make it seem like there is no disparity. boston bean Dec 2013 #154

By design etherealtruth Dec 2013 #148

Though I still don't see any sources Squinch Dec 2013 #151

I haven't either etherealtruth Dec 2013 #153

They get away with saying that because anti-women bigotry is normalized here on DU. Starry Messenger Dec 2013 #155

won't get any disagreement from me on that point! boston bean Dec 2013 #162

Nice to see you too, BB! Starry Messenger Dec 2013 #164

Even if it was true... Iggo Dec 2013 #160

This is very true. Squinch Dec 2013 #161

What is an "MRA"? snot Dec 2013 #165

Acronym for a group called Men's Rights Activists. GeorgeGist Dec 2013 #170

Who buys the politicians? GeorgeGist Dec 2013 #168

Supporting links here: Egalitarian Thug Dec 2013 #169

Thank you! Good find by Cerridwen. Squinch Dec 2013 #171

Forbes says it comes from US News and World report data Major Nikon Dec 2013 #174