General Discussion
In reply to the discussion: We're really swimming in it now. [View all]hfojvt
(37,573 posts)Total AGI in 2007 was 8.7985 trillion (according to IRS statistics).
The top .1% got 1.04 trillion of it.
The top 1% got 1.79 trillion of it.
Leaving about $7 trillion for the 99%. Estimating that there are 310 million of us. 99% of that is 307 million.
Thus, in 2007, the 99% had $22,801 for every man, woman, and child.
That seems like a pretty big scrap to me, although it is now less than I make. I even make more than my equal share of the whole pie, which would be $28,382. Whereas I make about $32,310.
Point is, that we fight over scraps not just because of the 1%.
The top 5% get 3.29 trillion, or 37% of the total
The top 10% get 4.23 trillion, or 48% of the total.
The top 50% get 7.72 trillion, or almost 88% of the total.
There is the scrap-fighting. The bottom 50% dividing up a mere 12% of the pie.
But it's not just the top 1%. The top 4%, the top 9% have good slices as well, and they mostly do not want to share with the bottom 95% or the bottom 90%. They only want to share with the top 1%.