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Are you in the top 9.9%?

 
burt
 
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burt
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23 May 2018 17:55
LadyJane
 
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LadyJane
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24 May 2018 07:28
 

Excellent article.  Lengthy but well worth the read.  Especially right now.  It manages to incorporate all the factors that contributed to the state of things by illustrating the historical legacy that created it to the present day landscape that perpetuates it.  The widening divide of income inequality and the social, political and economic structures that cultivate it still, as we watch the rippling effects of the fallout it its wake.  This presents some very uncomfortable truths about the situation–and ourselves–which we hesitate to admit and remain reluctant to acknowledge.  When we readily take this information in stride, without taking it personally, it states the facts so unabashedly it ultimately puts everyone in the same boat.  Analyzing it from that standpoint seems relatively harmless.  There has to be a reformation before there can be an anti-reformation.

“When reason becomes the enemy of the common man, the common man becomes the enemy of reason.”

 
 
hannahtoo
 
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hannahtoo
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24 May 2018 15:31
 

A 2015 study in Boston found that the wealth of the median white family there was $247,500, while the wealth of the median African American family was $8. That is not a typo.

Trying to understand this.  Does it mean that about 1/2 the African American families are living in debt that exceeds their assets?

 
mapadofu
 
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mapadofu
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24 May 2018 16:25
 

That’s the inference I’d draw, though the magnitude of the debt could be small, maybe it’s a lot of people sitting right at about $0 in assets (and thus one accident away fro the abyss…)

 
GAD
 
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GAD
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24 May 2018 18:05
 

More boring whining that someone has more then you and if they didn’t somehow that would make you rich and life great, you could have two Iphones, a 100in TV, a Ferrari, drink Starbucks 10 times a day and shit in a golden toilet just like the people who have more then you do.

 
 
hannahtoo
 
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hannahtoo
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24 May 2018 19:38
 

I think the author was mighty hard on the 9.9%.  Not all could care less about anyone but themselves.  And I would say few are actively trying to keep others down. 

The 9.9%ers I know do not live in gated neighborhoods, nor do they have nannies.  Besides working, they serve in volunteer organizations to help our town.  None I know hired expensive tutors to get their kids into Ivy League schools.  And a lot of their kids went into community-minded careers, like teaching, small business, and medical research.  Two friends have sons who are earning their education through serving in the military.

So yeah, there have always been some selfish, unscrupulous rich people who wield a scary amount of power.  And the 9.9% shouldn’t take their advantages for granted.  It’s important to recognize unfairness and the disadvantages suffered by others.  But it is not necessary (or helpful) to demonize the well-to-do in order to help secure good health care, education, and equal opportunities for the 90%.

 
EN
 
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EN
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24 May 2018 20:02
 

Really all you need is a fairer tax code.  Let people earn what they will and then tax them at an appropriate rate to use for the common good.  It’s justifiable to tax the wealthy at a higher rate because they would be NOTHING if they did not live in a free country like this one.

 
Antisocialdarwinist
 
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Antisocialdarwinist
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24 May 2018 21:40
 

As of 2016, it took $1.2 million in net worth to make it into the 9.9 percent; $2.4 million to reach the group’s median; and $10 million to get into the top 0.9 percent.

...

According to a Pew Research Center analysis, African Americans represent 1.9 percent of the top 10th of households in wealth; Hispanics, 2.4 percent; and all other minorities, including Asian and multiracial individuals, 8.8 percent—even though those groups together account for 35 percent of the total population.

 
 
Jb8989
 
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Jb8989
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25 May 2018 05:28
 
GAD - 24 May 2018 06:05 PM

More boring whining that someone has more then you and if they didn’t somehow that would make you rich and life great, you could have two Iphones, a 100in TV, a Ferrari, drink Starbucks 10 times a day and shit in a golden toilet just like the people who have more then you do.  [/quote

lol We should hang out some time

 
 
GAD
 
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GAD
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25 May 2018 07:48
 
Jb8989 - 25 May 2018 05:28 AM
GAD - 24 May 2018 06:05 PM

More boring whining that someone has more then you and if they didn’t somehow that would make you rich and life great, you could have two Iphones, a 100in TV, a Ferrari, drink Starbucks 10 times a day and shit in a golden toilet just like the people who have more then you do.

lol We should hang out some time

I might be too intimidated by your good looks so would probably need a lot of beer, but if you have a golden toilet to pee in that would be fun.

 
 
nonverbal
 
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nonverbal
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25 May 2018 07:58
 
GAD - 25 May 2018 07:48 AM
Jb8989 - 25 May 2018 05:28 AM
GAD - 24 May 2018 06:05 PM

More boring whining that someone has more then you and if they didn’t somehow that would make you rich and life great, you could have two Iphones, a 100in TV, a Ferrari, drink Starbucks 10 times a day and shit in a golden toilet just like the people who have more then you do.

lol We should hang out some time

I might be too intimidated by your good looks so would probably need a lot of beer, but if you have a golden toilet to pee in that would be fun.

He might have a golden shower, too.

 
GAD
 
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GAD
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25 May 2018 08:05
 
nonverbal - 25 May 2018 07:58 AM
GAD - 25 May 2018 07:48 AM
Jb8989 - 25 May 2018 05:28 AM
GAD - 24 May 2018 06:05 PM

More boring whining that someone has more then you and if they didn’t somehow that would make you rich and life great, you could have two Iphones, a 100in TV, a Ferrari, drink Starbucks 10 times a day and shit in a golden toilet just like the people who have more then you do.

lol We should hang out some time

I might be too intimidated by your good looks so would probably need a lot of beer, but if you have a golden toilet to pee in that would be fun.

He might have a golden shower, too.

I’d need a lot more beer.

 
 
Jb8989
 
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Jb8989
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26 May 2018 08:02
 
GAD - 25 May 2018 08:05 AM
nonverbal - 25 May 2018 07:58 AM
GAD - 25 May 2018 07:48 AM
Jb8989 - 25 May 2018 05:28 AM
GAD - 24 May 2018 06:05 PM

More boring whining that someone has more then you and if they didn’t somehow that would make you rich and life great, you could have two Iphones, a 100in TV, a Ferrari, drink Starbucks 10 times a day and shit in a golden toilet just like the people who have more then you do.

lol We should hang out some time

I might be too intimidated by your good looks so would probably need a lot of beer, but if you have a golden toilet to pee in that would be fun.

He might have a golden shower, too.

I’d need a lot more beer.

It’s a golden bidet that doubles back as a luxurious shower and a high quality espresso machine.

 
 
GAD
 
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GAD
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26 May 2018 11:22
 
Jb8989 - 26 May 2018 08:02 AM
GAD - 25 May 2018 08:05 AM
nonverbal - 25 May 2018 07:58 AM
GAD - 25 May 2018 07:48 AM
Jb8989 - 25 May 2018 05:28 AM
GAD - 24 May 2018 06:05 PM

More boring whining that someone has more then you and if they didn’t somehow that would make you rich and life great, you could have two Iphones, a 100in TV, a Ferrari, drink Starbucks 10 times a day and shit in a golden toilet just like the people who have more then you do.

lol We should hang out some time

I might be too intimidated by your good looks so would probably need a lot of beer, but if you have a golden toilet to pee in that would be fun.

He might have a golden shower, too.

I’d need a lot more beer.

It’s a golden bidet that doubles back as a luxurious shower and a high quality espresso machine.

What a life!

 
 
nonverbal
 
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nonverbal
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26 May 2018 11:32
 

I have feeling I’ll never order espresso again anywhere, just in case!

 
GAD
 
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GAD
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26 May 2018 11:37
 
nonverbal - 26 May 2018 11:32 AM

I have feeling I’ll never order espresso again anywhere, just in case!

Don’t worry, only the elite have such luxuries, the rest of us have to pay $5 at Starbucks for a cheap imitation to feel rich.

 
 
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