I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
- Start date
Thebrownblob
Well-Known Member
Like most things, Ricky does not understand how to read statistics. He gets some of them right, and twists the other ones. he left out an important part, they are richer than the bottom 50%.
The 3 Richest Americans Hold More Wealth Than Bottom 50% Of The Country, Study Finds
Collectively, the billionaires on the Forbes 400 hold more wealth than the bottom 64% of America, "more people than the populations of Mexico and Canada combined."
www.forbes.com
Thebrownblob
Well-Known Member
Read the article I posted @rickyb
So if you have no debt and a five dollar bill in your pocket, you have more wealth than the bottom 20% of the country combined.Like most things, Ricky does not understand how to read statistics. He gets some of them right, and twists the other ones. he left out an important part, they are richer than the bottom 50%.
The 3 Richest Americans Hold More Wealth Than Bottom 50% Of The Country, Study Finds
Collectively, the billionaires on the Forbes 400 hold more wealth than the bottom 64% of America, "more people than the populations of Mexico and Canada combined."
Maybe this country has a borrowing problem, and not a rich person problem.
You said three have 50% of the wealth. Not so. As Brownblob pointed out, they have more wealth than 64% of the American population. That's not the same as 50% of ALL wealth. Get back to us when your understanding improves.
Thebrownblob
Well-Known Member
You are correct, and If they wouldn’t borrow so much, they wouldn’t be many of these rich people.
it has a debt problem.
over 5000 years debts expand faster than an economy's ability to repay.
more than the poorest 50% of america. so half of 330 million.
That doesn't mean they have half of ALL wealth. There are still a lot of billionaires and millionaires and people with money in their 401k's and equity in their homes. And even in that lowest 64% people have jobs, homes, cars, cellphones. They aren't starving. They may have more credit card debt than money in a savings account. Not everyone is impoverished. You just want to attack capitalism because everyone doesn't have equal outcomes.
Ricky do you know what the difference between the median and the mean is?
yes consumerism is anti christian. so is greed.
you admitted on another thread theres alot of people living paycheck to paycheck.
If I go to Wal-Mart and buy a shirt am I a consumerist? What if I buy a car? And what if I did? Who are you to tell people how to spend their money?
sanders says you have the worst inequality in american history.
yea i think median income is a better measure than average income bc 1 rich
can throw off the reality in the case of averages.
You confused the two. It’s fine.sanders says you have the worst inequality in american history.
yea i think median income is a better measure than average income bc 1 rich
But they are not the same thing.
And that doesn't change what I just said. There are people living paycheck to paycheck on $100k annual salaries. We are all adults making choices. Our choices determine our outcomes. As well as the choices others make that affect us. You need to get over this idea that you can have everything equal. Won't happen. Never has, never will.
i think when bernie mentioned 60% he was referring to near poverty and below.
you keep talking about everything being equal not me.
Similar threads
- Locked
