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by thesimpsons1022 4431 days ago
its not even the 1 percent. Its more like the .1 percent. according to forbes: An entry ticket to the 1% starts with an annual income of about $394,000 (says Berkeley’s Emmanuel Saez) or about $1.5 million in liquid assets (my zestimate). Post-tax and retirement savings, that’s about $220,000 a year while they are working. These are national norms. If they happen to live on the coasts or near a major urban center, as is more than likely, they might need twice as much money to crash into the 1% by local standards.
1 comments

Good point. It is definitely a smaller portion of the population that is really pulling the strings with money. I guess I could just say Wall Street? The banks? Regardless, I wouldn't say the lower 1% that makes this sort of middle class money that you are talking about are completely innocent. I'm sure many of them are government or government-funded private business employees, and I'm sure many of them aren't doing important work that is worth the fat wallets they are building thanks to the people who do control the money.

However, I'm also not denying that there are many highly influential, priceless, people getting paid these high salaries that are greatly beneficial to our society and have legitimately earned their fortunes. It's just unfortunate that everything is being done to support the continuation of rich getting richer and poor getting poorer. However, thanks to some people, the entire world can become richer.