Bitcoin Forum
March 29, 2024, 10:45:45 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: 400 americans......  (Read 3246 times)
bitcon (OP)
Legendary
*
Offline Offline

Activity: 2212
Merit: 1008


View Profile
June 29, 2011, 11:23:03 PM
 #1

The 400 Richest Americans Are Now Richer Than the Bottom 50 Percent Combined. During the Economic Crisis Wealth of 400 Richest Americans Increased by $30 Billion.  ....they must have been the "early adopters"...




http://www.good.is/post/the-400-richest-americans-are-now-richer-than-the-bottom-50-percent-combined/
1711752345
Hero Member
*
Offline Offline

Posts: 1711752345

View Profile Personal Message (Offline)

Ignore
1711752345
Reply with quote  #2

1711752345
Report to moderator
1711752345
Hero Member
*
Offline Offline

Posts: 1711752345

View Profile Personal Message (Offline)

Ignore
1711752345
Reply with quote  #2

1711752345
Report to moderator
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711752345
Hero Member
*
Offline Offline

Posts: 1711752345

View Profile Personal Message (Offline)

Ignore
1711752345
Reply with quote  #2

1711752345
Report to moderator
1711752345
Hero Member
*
Offline Offline

Posts: 1711752345

View Profile Personal Message (Offline)

Ignore
1711752345
Reply with quote  #2

1711752345
Report to moderator
1711752345
Hero Member
*
Offline Offline

Posts: 1711752345

View Profile Personal Message (Offline)

Ignore
1711752345
Reply with quote  #2

1711752345
Report to moderator
Anonymous
Guest

June 29, 2011, 11:32:05 PM
 #2

It's not the inequality that's the problem. It's merely a symptom of a quite larger one, mainly huge government-enabled corporatism.
realnowhereman
Hero Member
*****
Offline Offline

Activity: 504
Merit: 502



View Profile
June 29, 2011, 11:34:12 PM
 #3

The poorest 10% of today are richer than the richest 10% from 1965.

Inequality is bunk.

Update:

Got my figures wrong, but the sentiment right.

"In fact, it turns out that in real terms the bottom 25% are now considerable richer than were the top 25% in 1961"

http://burningourmoney.blogspot.com/2010/05/how-poor-got-richer.html

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
nemo
Sr. Member
****
Offline Offline

Activity: 500
Merit: 253


View Profile
June 29, 2011, 11:38:43 PM
 #4

I'm an American with 37 cents in my bank account and zero debt. That makes me richer than at least 10s of  millions of other Americans.
Explodicle
Hero Member
*****
Offline Offline

Activity: 950
Merit: 1001


View Profile
June 29, 2011, 11:39:26 PM
 #5

The poorest 10% of today are richer than the richest 10% from 1965.

Inequality is bunk.

Measured how?
realnowhereman
Hero Member
*****
Offline Offline

Activity: 504
Merit: 502



View Profile
June 29, 2011, 11:40:33 PM
 #6

The poorest 10% of today are richer than the richest 10% from 1965.

Inequality is bunk.

Measured how?

In money.

http://burningourmoney.blogspot.com/2010/05/how-poor-got-richer.html

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
saqwe
Sr. Member
****
Offline Offline

Activity: 700
Merit: 250



View Profile
June 29, 2011, 11:41:17 PM
 #7

bonkers
bitcon (OP)
Legendary
*
Offline Offline

Activity: 2212
Merit: 1008


View Profile
June 30, 2011, 12:03:36 AM
 #8



"In fact, it turns out that in real terms the bottom 25% are now considerable richer than were the top 25% in 1961"

http://burningourmoney.blogspot.com/2010/05/how-poor-got-richer.html

 you could also buy a coke for 2 cents in 1961.
myrkul
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
June 30, 2011, 12:09:58 AM
 #9

The figures were adjusted for inflation, in case you missed that.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
AyeYo
Full Member
***
Offline Offline

Activity: 154
Merit: 103


View Profile
June 30, 2011, 12:18:25 AM
 #10

The poorest 10% of today are richer than the richest 10% from 1965.

Inequality is bunk.

You need to qualify that statement with: IN THE FIRST-WORLD or IN THE US.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
benjamindees
Legendary
*
Offline Offline

Activity: 1330
Merit: 1000


View Profile
June 30, 2011, 02:38:27 AM
 #11

I'm an American with 37 cents in my bank account and zero debt. That makes me richer than at least 10s of  millions of other Americans.

Not really, since they got real stuff in exchange for their debt and when they don't pay it off you will get to help bail them out.

Civil Liberty Through Complex Mathematics
Jaime Frontero
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
June 30, 2011, 04:31:40 AM
 #12

The figures were adjusted for inflation, in case you missed that.

that's nice.

were the numbers also adjusted for today's bottom 25% being almost twice as populous?  (in 1961 there were 180M of us - today there are over 310M.)

and for the top 25% in 1961 including less of a now-mostly-vanished middle class?  (the top 25% today would have to include the entire upper middle class - and most of the lower middle class as well.  what's left of them.)

and for the disparity in CEO vs. worker wages in 1961 coming out to around 20:1 - whereas today it's something like 800:1?

and...

and...

?

LastBattle
Member
**
Offline Offline

Activity: 84
Merit: 10



View Profile
June 30, 2011, 06:30:06 AM
 #13

The poorest 10% of today are richer than the richest 10% from 1965.

Inequality is bunk.

You need to qualify that statement with: IN THE FIRST-WORLD or IN THE US.

Anywhere in the world, depending on how you look at it.

In 1965, the richest man in the world couldn't have a cellphone, but the poorest Somalian has the potential to get cellphone service. Same thing for basic computers, etc

You're standing on a flagstone running with blood, alone and so very lonely because you can't choose but you had to

I take tips to: 14sF7NNGJzXvoBcfbLR6N4Exy8umCAqdBd
AyeYo
Full Member
***
Offline Offline

Activity: 154
Merit: 103


View Profile
June 30, 2011, 07:43:32 PM
 #14

The poorest 10% of today are richer than the richest 10% from 1965.

Inequality is bunk.

You need to qualify that statement with: IN THE FIRST-WORLD or IN THE US.

Anywhere in the world, depending on how you look at it.

In 1965, the richest man in the world couldn't have a cellphone, but the poorest Somalian has the potential to get cellphone service. Same thing for basic computers, etc

No, not even close.

Poorest 10% today:





(Ethiopia)

Richest 10% in 1965:



(Jean Paul Getty)



Yea, so much progress on a world-wide scale.  How's that fantasy world you're living in?

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
myrkul
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
June 30, 2011, 07:52:33 PM
 #15

You make a fine point, But I think you may be looking at the 99th and 1th (1st?) percentiles, there.

You may want to compare the second picture to say, upper class suburbia. Still different, but not as drastic.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
AyeYo
Full Member
***
Offline Offline

Activity: 154
Merit: 103


View Profile
June 30, 2011, 08:05:58 PM
 #16

You make a fine point, But I think you may be looking at the 99th and 1th (1st?) percentiles, there.

You may want to compare the second picture to say, upper class suburbia. Still different, but not as drastic.

You're so beyond stupid that I'm beginning to get the feeling you must be 12 years old.  No adult with access to the internet could possibly have such a limited worldview.

Educate yourself you moron.  The poorest 40% world-wide aren't even as well off as the top 10% of the 1960's.

http://en.wikipedia.org/wiki/International_inequality

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
myrkul
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
June 30, 2011, 08:20:25 PM
 #17

You make a fine point, But I think you may be looking at the 99th and 1th (1st?) percentiles, there.

You may want to compare the second picture to say, upper class suburbia. Still different, but not as drastic.
You're so beyond stupid that I'm beginning to get the feeling you must be 12 years old.  No adult with access to the internet could possibly have such a limited worldview.

Coming from you, I view that as the highest compliment. Yes, I know that outside of the first world, life is shit. But look at the kids in the second picture. Aside from the street, those three could be any three kids from '60s suburbia.

I should point out, though, that the article actually used the 25% mark. All this stuff about 10% is way off base. That said, You are right, it should be limited to the First World.

What I was saying is that the starving kids in Ethiopia and the mansion are not representative of the 10% mark, putz.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
AyeYo
Full Member
***
Offline Offline

Activity: 154
Merit: 103


View Profile
June 30, 2011, 08:27:55 PM
 #18

You make a fine point, But I think you may be looking at the 99th and 1th (1st?) percentiles, there.

You may want to compare the second picture to say, upper class suburbia. Still different, but not as drastic.
You're so beyond stupid that I'm beginning to get the feeling you must be 12 years old.  No adult with access to the internet could possibly have such a limited worldview.

Coming from you, I view that as the highest compliment. Yes, I know that outside of the first world, life is shit. But look at the kids in the second picture. Aside from the street, those three could be any three kids from '60s suburbia.

I should point out, though, that the article actually used the 25% mark. All this stuff about 10% is way off base. That said, You are right, it should be limited to the First World.

What I was saying is that the starving kids in Ethiopia and the mansion are not representative of the 10% mark, putz.


Then you don't really know what you're saying and you're just trying to save face.


Yea, aside from the street full of garbage that's 1960's suburbia.  Aside from the fact that my Honda isn't a Ferrari, my Honda is a Ferrari.  Roll Eyes


You're right, they aren't representative of the 10% mark.  The starving kids in Ethiopia are more representative of the ~40% mark, which really blows your argument to pieces.

And of course it should be limited to first world like I said in the first place.  Because the rising tide DOES NOT raise all boats.  The top ~20% of the world progressed and the bottom 50% were thrown into oblivion, because the progression of the first-world was done AT THEIR EXPENSE.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
myrkul
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
June 30, 2011, 08:33:42 PM
 #19

All of which makes you no less a putz.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
AyeYo
Full Member
***
Offline Offline

Activity: 154
Merit: 103


View Profile
June 30, 2011, 08:35:08 PM
 #20

All of which makes you no less a putz.

I'm lol'ing at you right now.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!