Who Owns America's Wealth?
 

D Peter Maus wrote:
Tex wrote:
The top 10% own 72% of the wealth.

The rest of the 90% own 28% of the wealth.

The top 1% owns 37% of the wealth.

1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).

Source: The Federal Reserve

Whens the last time a rich person did anything for you? Yeah me
neither.



The top 1% pay over a third, 34.27% of all income taxes. (Up from
2003: 33.71%)

The top 1% own 53% of the stock market.

Who Owns America's Wealth?
 

Dave wrote:
D Peter Maus wrote:
Tex wrote:
The top 10% own 72% of the wealth.

The rest of the 90% own 28% of the wealth.

The top 1% owns 37% of the wealth.

1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).

Source: The Federal Reserve

Whens the last time a rich person did anything for you? Yeah me
neither.



The top 1% pay over a third, 34.27% of all income taxes. (Up from
2003: 33.71%)

The top 1% own 53% of the stock market.


So, what? One person on my block owns 80% of all the real estate.

Ownership isn't a crime.

Do the work, you can own something, too.

Who Owns America's Wealth?
 

"Dave" wrote in message
...
D Peter Maus wrote:
Tex wrote:
The top 10% own 72% of the wealth.

The rest of the 90% own 28% of the wealth.

The top 1% owns 37% of the wealth.

1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).

Source: The Federal Reserve

Whens the last time a rich person did anything for you? Yeah me
neither.



The top 1% pay over a third, 34.27% of all income taxes. (Up from 2003:
33.71%)

The top 1% own 53% of the stock market.

No, that is patently untrue. I do not have the exact figure on hand, but
somewhere above half of the worth of all public shares is owned by mutual
funds, pension funds and insurance companies. In other words, anyone with a
401k or IRA, anyone with life insurance or fire or hazard insurance, anyone
with a union or company pension, indirectly owns those shares.

Who Owns America's Wealth?
 

On Jun 28, 6:57*am, D Peter Maus wrote:
Dave wrote:
D Peter Maus wrote:
Tex wrote:
The top 10% own 72% of the wealth.

The rest of the 90% own 28% of the wealth.

The top 1% owns 37% of the wealth.

1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).

Source: The Federal Reserve

Whens the last time a rich person did anything for you? Yeah me
neither.

* The top 1% pay over a third, 34.27% of all income taxes. (Up from
2003: 33.71%)

The top 1% own 53% of the stock market.

* *So, what? One person on my block owns 80% of all the real estate.

-* *Ownership isn't a crime.

The Left-Wing Liberals 'think' It Should Be
in The Name of the Common Good.

- * *Do the work,

The Left-Wing Liberals 'feel' You Are Being Mean Spirited
by Saying People Should Work for What They Get.

- you can own something, too.

The Left-Wing Liberals 'known' That What You Have
Rightfully Belongs To Others.

We Are The Liberals : Your Property Will Be Assimilated !

just for the fun of it ~ RHF

Who Owns America's Wealth?
 

On Jun 28, 7:56*am, "David Eduardo" wrote:
"Dave" wrote in message

...





D Peter Maus wrote:
Tex wrote:
The top 10% own 72% of the wealth.

The rest of the 90% own 28% of the wealth.

The top 1% owns 37% of the wealth.

1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).

Source: The Federal Reserve

Whens the last time a rich person did anything for you? Yeah me
neither.

* The top 1% pay over a third, 34.27% of all income taxes. (Up from 2003:
33.71%)

The top 1% own 53% of the stock market.

- No, that is patently untrue. I do not have the exact
- figure on hand, but somewhere above half of the worth
- of all public shares is owned by mutual funds, pension
- funds and insurance companies. In other words, anyone
- with a 401k or IRA, anyone with life insurance or fire
- or hazard insurance, anyone with a union or company
- pension, indirectly owns those shares.

That is sort of kind of 'true'
-but- Who Controls All Those Assets ?
- - - not John Q. Public
[ The Rich Elite Who Sit on the Boards ]

As A Matter Of Fact : WHO OWNS BIG OIL
A Whole Bunch of Public Pension Plans for one.

Who Owns America's Wealth?
 

D Peter Maus wrote:
Dave wrote:
D Peter Maus wrote:
Tex wrote:
The top 10% own 72% of the wealth.

The rest of the 90% own 28% of the wealth.

The top 1% owns 37% of the wealth.

1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).

Source: The Federal Reserve

Whens the last time a rich person did anything for you? Yeah me
neither.



The top 1% pay over a third, 34.27% of all income taxes. (Up from
2003: 33.71%)

The top 1% own 53% of the stock market.


So, what? One person on my block owns 80% of all the real estate.

Ownership isn't a crime.

Do the work, you can own something, too.


The working stiff is getting from both ends. Buying power down,
exposure way up. Risk has been transferred from capital to labor. That
is perverse and marks a nation on the brink of disaster. Tax cuts for
the wealthy are actually loans that the middle class will have to repay.
We are in the middle of a class war that Ronald Reagan started. You my
friend are on the wrong side.

Who Owns America's Wealth?
 

RHF wrote:

We Are The Liberals : Your Property Will Be Assimilated !

just for the fun of it ~ RHF
.

You are such a tool. Those who benefit the most should give the most
back. Warren Buffet pays a lower tax rate than his secretary.

Who Owns America's Wealth?
 

D Peter Maus wrote:
Dave wrote:
D Peter Maus wrote:

Milton Friedman says that tax cuts are the only way to jump start an
economy.


Milton Friedman is Satan. Tax cuts for the rich benefit the rich.
Nothing trickles down. They create new jobs, only in China or Vietnam.

Worker productivity up, worker compensation down. That ain't how the
USA is supposed to work. We are being bled dry.

Who Owns America's Wealth?
 

D Peter Maus wrote:

Consider also, that Warren Buffett pays less tax on his income legally
because, among other things, he is a powerful and broad employer. He's
responsible hundreds of thousands of jobs. He runs businesses. Invests
his money.

He's earned his wealth.

To suggest that taxation is insufficient for the rest of us, as he has
repeatedly in the last 15 years, is an arrogance he has not earned.


"In the late 1800's and early 1900's there was a group of super
wealthy American capitalist known as the Robber Barons. Our elected
leaders realized that if they did not pass some major legislation the
Robber Barons would eventually own every inch of land in America and our
founding fathers vision of an egalitarian democratic republic would be
destroyed, and our Constitution would be worthless. So in 1913 they
passed the sixteenth amendment to the Constitution and a highly
progressive tax system.

This new highly progressive tax system also included an estate tax.
The highly progressive estate tax forced the Robber Barons to decide
between paying a large tax bill to the government at their death, or
giving a lot of their wealth away to charities, school, libraries,
foundations, hospitals, research institutes, and other organizations
that would benefit our society as a whole. And they ended up doing both
to the great benefit of American society.

Our current economic success and the growth of the middle class is
a direct consequence of these progressive tax legislative actions.
However, a new group of Robber Barons has emerged and they, like the
first Robber Barons, are threatening our democracy. These new Robber
Barons have successfully lobbied our political leaders, with campaign
contributions and political infiltrators, and they have gotten
legislation passed that has changed our progressive tax system into a
regressive tax system that is full of special interest provisions and
tax loopholes.

As a result of these regressive changes the average middle class
worker now pays a higher percentage of their income in taxes than does
the average millionaire, and the average billionaire pays an even
smaller percentage.

Adjusted gross income


Tax rate


Components of tax rate
$0 to $8,200

15.3%
15.3% payroll, 0% income tax
$8,201 to $15,500

25.3%
15.3% payroll, 10% income tax
$15,501 to $37,900

30.3%
15.3% payroll, 15% income tax
$37,901 to $80,150

40.3%
15.3% payroll, 25% income tax
$80,151 to $90,000

43.3%
15.3% payroll, 28% income tax
$90,000 to $158,350

30.9%
2.9% Medicare, 28% income tax
$158,351 to $334,650

35.9%
2.9% Medicare, 33% income tax
Over $334,650

37.9%
2.9% Medicare, 35% income tax

(The table was published in the Dallas Morning News on 5/18/2005
and it shows that a single self-employed individual who makes around
$80k per year is paying a higher percentage of their income in taxes
then someone making over $330k per year.)"

http://fixco1.com/bushtaxsystem.html

(OT) : D'Oh ! DaviD -proclaims- Ronald Reagan Stated a ClassWar
 

RHF wrote:


Dave - How Can Truth, Justice and The American Way
-be- The Wrong Side ? ~ RHF
.

How can I take you seriously if you spout cliche` from comic books?