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hfojvt

(37,573 posts)
23. that's kind of what I mean though
Mon Nov 10, 2014, 08:53 PM
Nov 2014

90% does not even come close to having zero

Here's the distribution by household from the 2011 census of wealth

9.05% - less than ($8,610)
9.05% - $8,610 to zero
4.55% - zero to $1,679
4.55% - $1,679 to $4,999
2.4% - $5,000 to $7,113
2.4% - $7,113 to $9,999
3.3% - $10,000 to $16,039
3.3% - $16,039 to $24,999
3.45% - $25,000 to $35,624
3.45% - $35,624 to $49,999
5.2% - $50,000 to $71,982
5.2% - $71,982 to $99,999
8.95% - $100,000 to $159,226
8.95% - $159,226 to $249,999
6.3% - $250,000 to $341,848
6.3% - $341,848 to $499,999
6.75% - $500,000 to $836,033
6.75% - $836,033 and over


As you can see, 35% of households have over $159,226 in wealth. 71% of them are in the bottom 90%. 19.8% of households have over $341,848 in wealth. Half of them are in the bottom 90% as well.

Those people are a long way from being dirt poor.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Woooooooooooooooow. Rex Nov 2014 #1
This probly would never have happened, had Dems and Repubs not colluded in the 40s KingCharlemagne Nov 2014 #10
You are so right, we reap what we sow. Rex Nov 2014 #18
Greed has never been and never will be self-limiting. hifiguy Nov 2014 #20
True the scope of greed in the past pails in comparison to what can be owned now. Rex Nov 2014 #24
k&R nt Live and Learn Nov 2014 #2
The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us cantbeserious Nov 2014 #3
Progressive Taxes were meant to be harsh on the Rich to make wealth distribution more equal AZ Progressive Nov 2014 #4
It's meant to make money hoarders pay their fair share. If you look at it like grahamhgreen Nov 2014 #9
It actually disincentivizes them from hoarding initially. Sirveri Nov 2014 #25
Well said:) grahamhgreen Nov 2014 #31
I agree, but this is history. Too many people have never been exposed to it, and the oligarchs jtuck004 Nov 2014 #5
The solution is to tax them, make them pay their fair share, grahamhgreen Nov 2014 #8
Sounds a little like the workers on the plantation are just waiting for the Master to make it better jtuck004 Nov 2014 #11
Would you like to see us raise taxes on wealth, again? I assure you, grahamhgreen Nov 2014 #15
I would, absolutely. High time and all that. Don't think anything but a token gesture is ever gonna jtuck004 Nov 2014 #19
The Great Recession almost did, lancer78 Nov 2014 #27
Savvy! blkmusclmachine Nov 2014 #6
K&R woo me with science Nov 2014 #7
Hooray! progressoid Nov 2014 #12
Harder. Longer. Faster. Go slave labor! sis boom bah. lonestarnot Nov 2014 #13
The billionaires' extreme greed is about to sink us into a global great depression. Initech Nov 2014 #14
.....but not for them:( grahamhgreen Nov 2014 #16
Two weeks of a mass general strike/boycott would help balance that out real fast. nt Zorra Nov 2014 #17
one trouble with that statistic hfojvt Nov 2014 #21
Should be better when we get to 90% with zero! grahamhgreen Nov 2014 #22
that's kind of what I mean though hfojvt Nov 2014 #23
And until they start to suffer, lancer78 Nov 2014 #28
striking graphic drray23 Nov 2014 #26
Their selfishness will be legend. grahamhgreen Nov 2014 #30
K&R liberal_at_heart Nov 2014 #29
kick lonestarnot Dec 2014 #32
Why doesn't this kick? lonestarnot Dec 2014 #33
Lord i don't know! grahamhgreen Dec 2014 #34
Hmmm. lonestarnot Dec 2014 #35
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