America's richest take home 21.1 per cent of ALL income

[snagglepuss]

Incomes for the bottom 99 per cent of American rose 3.3 per cent last year

Incomes for the richest of the rich - the top 1 per cent of earners - rose as well from 20.1 to 21.2 per cent of all income







Read more: http://www.dailymail.co.uk/news/article-3145070/Americans-earning-inequality-1-cent-rest-country-persists-richest-rich-taking-home-21-1-cent-income.html#ixzz3ewPMXk8u
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[Wella]

1. Are those rich "earners" or trust fund babies?

The top 1% includes both people who earn an income and, at the tippy top, the trust fund babies who neither toil nor spin.

"Income" implies a salary, but my guess is that the biggest money hogs are the 0.01% (1/100 of a percent) whose "income" is from interest and investments and who don't actually work. They are the people who need to be brought down.

[azmom]

2. I have heard it say that you are not

Truly wealthy if you work for a living.

[Wella]

3. Me too.

That top 1% includes people like college presidents who are making 400K, but who can lose their jobs in a heartbeat if they don't bring enough money in or if, (Penn State), some coach molests kids on your watch. The tippy top are the billionaires with their own personal fortunes.

The bottom 2/3 of the top 1% have more in common with you and me than they do with the billionaires and trust fund babies.