wealth and class. The peasants are fighting each other, who wins?

[Warren Stupidity]

Income and wealth distribution are skewed to levels not seen in this country since the late 1800s, and the division of american society into completely false categories of lower, middle, and upper 'class' is a deliberate confusion used to keep the peasants fighting against each other as the kleptocracy raids the treasury and uses our republic as their safe haven.

Here, take a look at 'the L curve' for a clue about who is in the real 'upper class' and who is a peasant:

The US population is represented along the length of the football field, arranged in order of income.

Median US family income (the family at the 50 yard line) is ~$40,000 (a stack of $100 bills 1.6 inches high.)

--The family on the 95 yard line earns about $100,000 per year, a stack of $100 bills about 4 inches high.

--At the 99 yard line the income is about $300,000, a stack of $100 bills about a foot high.

--The curve reaches $1 million (a 40 inch high stack of $100 bills) one foot from the goal line.

--From there it keeps going up...it goes up 50 km (~30 miles) on this scale!



http://www.lcurve.org/

First the basic chart:



The same chart zoomed out so that the real upper classes relative position to the rest of us can be seen:



Now stop it with this idiocy of 97,000 is 'upper class'. The members of the real upper class are laughing their asses off at us as we squabble over who has more crumbs.

[Extend a Hand]

1. exactly

!

[AX10]

2. Warren Stupidity gets the prize*!

You got the answer right and some snazzy graphs to boot. $97,000 is NOT rich by any means in today's world.

*Prize is subject to the highest marginal rate under the AMT rules. Sorry.

[havocmom]

3. What was the thread yesterday? Wall family has more than the bottom 40%

combined?

Yep. Class warfare. All the wedge 'issues' are just circus for the rich as we peons duke it out over things that won't matter once we all starve.

[sjdnb]

4. Actually, this should motivate us

to strive for a more equitable country and world - with our votes, consumer spending, protests, letters, and other forms of advocay, etc. Fortunately, for the wealthy, we have been to date, as they expected, too unorganized, uncaring, unintelligent, lazy, fearful and/or gullible, to either get it or be willing to do anything about it.

The world’s 500 richest people have an income
of more than $100 billion, not taking
into account asset wealth. That exceeds the
combined incomes of the poorest 416 million.
Wealth accumulation at the top of the
global income distribution has been more
impressive than poverty reduction at the
bottom. The 2004 World Wealth Report
prepared by Merrill Lynch projects that the
financial asset wealth of 7.7 million “high
net worth individuals” reached $28 trillion
in 2003, with projected growth to $41 trillion
by 2008. UN 2006 Human Development Report

[spag68]

5. To be fair

we should do away with that nasty death tax,

[TahitiNut]

6. buClOlUsGhHit!

:puke:

[vssmith]

7. Yes, but only if we had a truly fair progressive income tax

If we taxed the living fairly we wouldn't have to tax them after they were dead.

[bvar22]

8. The "Inheritance Tax" is the MOST fair tax of all.

Especially if you believe in a Merit Based Society, or believe in a Hard Work based society.

If you are a big fan of Aristocracies or entrenched Class Divided societies, then you would oppose an Inheritance Tax.

[Warren Stupidity]

9. I think that tahitinut omitted the obligatory :sarcasm:

At least that is how I took it. 'Death tax' is bullshit media system reframing nonsense.