Occupy Wall Street Rant (Ron Paul Supporter)

3RA1N1AC · Oct 30, 2011

The Sebastian Express · Oct 30, 2011

If that is a real cow then the occupy movement is about to get PETA on their ass.

huevonkiller · Nov 3, 2011

Denny Crane said: ↑

If you don't like how america works, you can always leave for greener pastures. If you can find any.

http://www.fool.com/investing/gener...protestors-youre-probably-part-of-the-1-.aspx

Attention, Protestors: You're Probably Part of the 1%

About a year ago, The Wall Street Journal ran an article describing the plight of Americans struggling to rebuild after bankruptcy. The article highlighted Linda Frakes, who filed for bankruptcy after accumulating more than $300,000 in credit card debt.

"Ms. Frakes is now unemployed, living on $330 a week of unemployment benefits and odd jobs," the Journal wrote. Frakes "struggled to rent a home and buy a car after bankruptcy. A used-car dealer ultimately gave her financing on a Jaguar."

No one's hardship should be belittled. Becoming unemployed or losing a home aren't just financial problems. They're social and emotional problems that strike at people's sense of being.

But things always need to be kept in perspective. Only in America, I thought to myself after reading the article, can someone be driving a Jaguar and portrayed as living in an impoverished underclass. Context is crucial with these issues.

The recent Occupy Wall Street protests have aimed their message at the income disparity between the 1% richest Americans and the rest of the country. But what happens when you expand that and look at the 1% richest of the entire world? Some really interesting numbers emerge. If there were a global Occupy Wall Street protest, people as well off as Linda Frakes might actually be the target.

In America, the top 1% earn more than $380,000 per year. We are, however, among the richest nations on Earth. How much do you need to earn to be among the top 1% of the world?

$34,000.

That was the finding World Bank economist Branko Milanovic presented in his 2010 book The Haves and the Have-Nots. Going down the distribution ladder may be just as surprising. To be in the top half of the globe, you need to earn just $1,225 a year. For the top 20%, it's $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000.
Click to expand...

Just like I thought. I said a few weeks ago that 30 K a year was good money.

Also most of those European Countries that barfo cited are very fucked economically.

Fez Hammersticks · Nov 4, 2011

[video=youtube;O-253uBJap8]http://www.youtube.com/watch?v=O-253uBJap8[/video]

Log in or Sign up

Occupy Wall Street Rant (Ron Paul Supporter)

3RA1N1AC 00110110 00111001

The Sebastian Express Snarflepumpkin

huevonkiller Change (Deftones)

Fez Hammersticks スーパーバッド Zero Cool

Share This Page

Log in or Sign up

Occupy Wall Street Rant (Ron Paul Supporter)

Moderators

3RA1N1AC 00110110 00111001

The Sebastian Express Snarflepumpkin

huevonkiller Change (Deftones)

Fez Hammersticks スーパーバッド Zero Cool

Share This Page

Useful Searches