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| Topic: Who Are The 1%? | |
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Dude why you want to pick on people who make money. ? "As the economy continues to recover, it’s likely that the top 1% of income earners will likely pay an even higher percentage share of overall income taxes than 38%. If things were fair, they would only have to pay 20% of total income taxes since 20% is their share of total income. Alas, the rich pay almost double what they owe. On the flip side, the bottom 50% who earn 12.75% of total earnings only pays a paltry 2.7% in total taxes. Inequality is wrong and we should treat everybody equally. Discrimination is not OK, just because you aren’t being discriminated against. The government should try to fix the imbalance by increasing the breadth of working Americans who pay taxes to 100% so that everybody pitches in. If all working Americans in the bottom 50% paid taxes, the 10% gap in what they should be paying should narrow. It doesn’t makes sense if you are in the bottom 50% who isn’t paying their fair share of taxes to go after the top 50%, let alone the top 1% who are paying way more than their share of income. Trying to squeeze people even more when you’re not paying any taxes, or paying very little is a throwback to tyranny." http://www.financialsamurai.com/2011/04/12/how-much-money-do-the-top-income-earners-make-percent/ just siting my source You can choose to be misinformed thats your own choice. I would suggest you actually look at the real facts from the IRS as apposed to some propaganda video focusing on a minority. The top 10% of earners carry 70% of the tax burden while the bottom 50% carry 3% of the tax burden. Truth hurts doesn't it? As a single 27 year old in the top 25% I face a heavy tax burden and it will only increase as I get older while moving towards the 10% mark. http://www.heritage.org/budgetchartbook/top10-percent-income-earners These data suggest that wealth is concentrated in the hands of a small number of families. The wealthiest 1 percent of families owns roughly 34.3% of the nation's net worth, the top 10% of families owns over 71%, and the bottom 40% of the population owns way less than 1%. http://www.faculty.fairfield.edu/faculty/hodgson/Courses/so11/stratification/income&wealth.htm What exactly is the heritage anyhow? I take it then you have found work and are no longer unemployed? For one the source you listed makes up a chart that they say is "suggested" by this 1 source. That one source only pertains to changes in wealth not who controls wealth and only pertains to people who took part in the survey. Pretty sure that isn't very reliable where my source is the IRS and total taxes for the whole country. I am off for the weekend to Columbus to state wrestling tournement the boy made it now we have to see how far he can go. As I said we tax income and not wealth. Someone with less income than me can have more wealth than me. Age, inheritance, how well you are at managing money, etc all play into how much wealth one has. That is not a system of taxing. |
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Please specify meaning of 1%.
The 1% that stand to arms while the 99% play in the malls? How bout the 1% that pay taxes for the 50%? Or, The 1% that seem to allways end up in the House and Senate? (year after year, passed by generations) Perhaps the true 1% is YOU. my 1% of all One of US. (i.e. just my humble opinion)... Stop looking at the 99% (and what you think they did wrong) and look at the true 1% YOU. |
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Vid number two talks about Lloyd Blankfein CEO of Goldman Sachs net wealth 433 million. As you recall Goldman Sachs contributed to the financial crisis Goldman Sachs got 24 billion in the bailout and a staggering 814 billion in aid from the fed. There is a Global Financial Crisis and Goldman Sachs are Central to that. Goldman Sachs were involved in trying to destabilize The Euro also IMO. Question....Who Benefits from Goldman Sachs actions? Hedge funds are betting huge sums against the euro.. Including Soros.. I guess you recall his bet in 92 against the pound. |
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