Forum Post: Lies, damned lies, and statistics
Posted 13 years ago on Oct. 27, 2011, 10:36 a.m. EST by GypsyKing
(8708)
This content is user submitted and not an official statement
I just saw a figure quoted in the mainstream media describing the top 1% as people having an income of over $350,000 a year. What a damned lie! As if income was the sole measure of wealth in this country! What about net-worth? What about income from investments? What do they mean by "income?" That is just a small example of how "facts" are used to mislead people in the press! The obvious aim behind this statistic is to make people who work for a living feel as if the movement is targeting them. All this really does is make you realize how much worse the dispairity of wealth is in America than we even thought it was!
Don't watch the mainstream media unless you want to be bamboozled. There is another world, which is more correct for mainstream media. It's called corporate media. Why watch their propaganda in the first place. CNN, FOX, NBC, ABC, CBS; all of these networks are owned by corporations. So I personally don't expect them to tell the truth. Come on people, Wake up
Dude, cool out. If only 1% of Americans make $350,000 or more a year, that is a actually a bad thing. This means that the American Dream is dying fast (if not already dead) since the rest of the nation really has no chance at working their way up to that level. Those whose wealth is far greater who do not have an income are usually figured into the top 1% statistics, besides, their individual numbers are too small to through off the sampling.
And what wealth do those few have! Literally, most of this countries wealth is in the hands of 1% of the 1%!
I know it man. There are no more opportunities left with nearly all of the wealth held (not invested, not put to use, held) at the top. Add to that all of the regulations and laws making starting a new business difficult and the fact that the government will only help you when you are big enough to bankroll their campaigns and you have a recipe for failure of a nation.
That is exactly where we stand right now!