Re: Americans very misinformed about who has money

2010-09-29 Thread Medic
/me leaves conversation On Wed, Sep 29, 2010 at 10:29 AM, Sam wrote: > > You mean the people that earn between $20k and $100k? > Most are still here. > > There are an extra 5 million that are unemployed putting them in the > poverty category. > > Unfortunately it will be two more years before w

Re: Americans very misinformed about who has money

2010-09-29 Thread Sam
You mean the people that earn between $20k and $100k? Most are still here. There are an extra 5 million that are unemployed putting them in the poverty category. Unfortunately it will be two more years before we can fix that. On Wed, Sep 29, 2010 at 10:24 AM, Medic wrote: > > You don't see a

Re: Americans very misinformed about who has money

2010-09-29 Thread Medic
You don't see a problem with the extinction of the middle class Sam? On Wed, Sep 29, 2010 at 10:12 AM, Sam wrote: > > Why does it matter what people think. I'm pretty sure most have no > idea and just took wild guesses. > > You do realize earning $100K a year puts you in the top 10%? > > Mayb

Re: Americans very misinformed about who has money

2010-09-29 Thread Sam
Why does it matter what people think. I'm pretty sure most have no idea and just took wild guesses. You do realize earning $100K a year puts you in the top 10%? Maybe the problem is people thing there are a lot more rich folks around them. On Wed, Sep 29, 2010 at 9:59 AM, Medic wrote: > > A

Re: Americans very misinformed about who has money

2010-09-29 Thread Medic
And actually further to that I would say it's not just American's that should be concerned that 85% of America's money is controlled by 20% of the American people. On Wed, Sep 29, 2010 at 9:58 AM, Medic wrote: > The same thing is happening in all western societies Sam. > > > On Wed, Sep 29, 201

Re: Americans very misinformed about who has money

2010-09-29 Thread Medic
The same thing is happening in all western societies Sam. On Wed, Sep 29, 2010 at 9:48 AM, Sam wrote: > > I thought you weren't American? > > > On Wed, Sep 29, 2010 at 8:47 AM, Medic wrote: > > > > That's actually rather frightening. > > We're on our way back to serfdom. > > > > ~~~

Re: Americans very misinformed about who has money

2010-09-29 Thread Sam
I thought you weren't American? On Wed, Sep 29, 2010 at 8:47 AM, Medic wrote: > > That's actually rather frightening. > We're on our way back to serfdom. > ~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Ado

Re: Americans very misinformed about who has money

2010-09-29 Thread Medic
No I haven't. On Wed, Sep 29, 2010 at 9:35 AM, Jerry Barnes wrote: > > "That's actually rather frightening. We're on our way back to serfdom." > > Have you read "The Road to Serfdom"? > > > J > > - > > The strongest reason for the people to retain the right to keep and bear > arms is, as a last

Re: Americans very misinformed about who has money

2010-09-29 Thread Ras Tafari
i cant even read that chart. makes zero sense to me. On Wed, Sep 29, 2010 at 9:35 AM, Jerry Barnes wrote: > > "That's actually rather frightening. We're on our way back to serfdom." > > Have you read "The Road to Serfdom"? > > > J > > - > > The strongest reason for the people to retain the right

Re: Americans very misinformed about who has money

2010-09-29 Thread Jerry Barnes
"That's actually rather frightening. We're on our way back to serfdom." Have you read "The Road to Serfdom"? J - The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government. - Thomas Jefferson ~~

Re: Americans very misinformed about who has money

2010-09-29 Thread Medic
That's actually rather frightening. We're on our way back to serfdom. On Tue, Sep 28, 2010 at 4:51 PM, Judah McAuley wrote: > > This is a great bit of data visualization. It tracks quintiles (top > 20%, next highest 20%, median 20%, next lowest 20% and lowest 20%) of > wealth accumulation and

Re: Americans very misinformed about who has money

2010-09-29 Thread Vivec
I'm not sure that this is true. AFAIK even in the Bush years there was supposedly billions if not trillions of taxes being lost that should be paid by the rich, but instead were in offshore tax havens created specifically to avoid paying taxes. This includes almost all the major US corporations.

Re: Americans very misinformed about who has money

2010-09-29 Thread Jerry Barnes
Maybe Americans in general have those misconceptions about wealth. I think most people on this list already had a great idea of what the breakdown is. What the article does not cover is that 50% of Americans do not pay income tax. So basically 50% of the country pays 100% of the income tax. Yo

Americans very misinformed about who has money

2010-09-28 Thread Judah McAuley
This is a great bit of data visualization. It tracks quintiles (top 20%, next highest 20%, median 20%, next lowest 20% and lowest 20%) of wealth accumulation and then compares it to what amounts people *think* those quintiles represent and what amount those quintiles would ideally represent. I thi