I don't know where to begin with all the bogus assumptions and assertions in the video. The relative wealth of people is irrelevant. What counts is whether people can afford food, housing, gasoline, etc. And they can. The only telling stat in the whole video is that rich people figure out to save money and invest it, while "poor" people don't. Whose fault is that? Seriously, people in the middle three quintiles should be buying stocks and bonds with at least 10% of their income and living rather nicely on the rest. But they don't. I don't blame the rich.
but maybe someday, you can be the 1%! whats the problem, you arent dumb enough to fall for that? then here, take some of these pills! now watch the "news" and everything will start to make sense
The real issue is inflation, even at a very low level, means EVERYONE needs a cost of living increase every year (or constantly) to keep up the same standard of living. Fortunately, the price of many things has declined over time, in real and constant terms. Unfortunately, the really big things haven't - like cars and houses and educations and health care. http://www.mybudget360.com/us-media...3-household-income-american-household-income/ Some really good explanation and charts at the link. As far as anyone joining the 1%? The opportunity is there. Sam Walton did it. Jeff Bezos did it. Mark Zuckerberg did it. By definition, 1 out of every 100 people manage to make the top 1%
Seriously. The median income before Pelosi became speaker of the house was like $56K. A mortgage payment of 1/4 that is about $1200/month. Enough to pay for a house with a $250K mortgage on it. That buys a decent condo in Seattle, 5 homes in La Pine Oregon, 2 town houses in suburban Chicago, etc. The median income means fully 1/2 the work force makes at least that amount. There are a lot of people making $100K incomes who can afford at least a $500K mortgage. And so on.
couldnt have said it better myself their interests are a ridiculous minority, yet they hold massive political influence america is brutally and astoundingly brainwashed
It's not a static 1%. I can think of two guys off the top of my head who were top 1% who aren't now. Mike Tyson and Alan Iverson.
They were top 1% and aren't now. They likely don't hold massive political influence. Best government money can buy. Literally. And all meanings of "buy."
...haha, I posted this in the "Stupid & Random Thoughts" thread yesterday --> http://sportstwo.com/threads/124304-NSFW-Stupid-Random-Thoughts?p=2967652&viewfull=1#post2967652
The Dow Jones is at it's all time highest, but american family income is at it's lowest it 10 years. The US produces the most oil in the world, but gas prices are still at near record highs. the top 1% are just too greedy.
