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Forum Post: Only 8,274 people make over 10 million

Posted 12 years ago on Jan. 26, 2012, 8:27 p.m. EST by inthe1percent (2)
This content is user submitted and not an official statement

You guys want to take from the rich right? Well only 8,274 people in the US make over 10 million for a combined income of 240 billion dollars. Lets take all their money and divide it evenly between everyone, that's only $800 per person.

Better yet lets give that money to the government. They only spend $10,460,000,000 per day. So that 240 billion taken from the rich would only pay for govt spending for about 23 days.

After it's all confiscated and taken from the rich, what then? They will have no more money and what would their incentive be to go out and create it again?

No matter what there will always be a top 1% of income earners in this country. Punishing them because some people who made bad decisions in life and wont earn enough on their own is wrong, and will only deter future innovations.



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[-] 3 points by gestopomillyy (1695) 12 years ago

we would not have to take from the rich if america stops foreign aid. here is a billion dollars a year that could be used to pay off american debt but is being wasted .

if you dont want the rich to pay.. then stop them from giving all our money away!


[-] 0 points by inthe1percent (2) 12 years ago

I agree stop foreign aid. A lot of stuff needs to be stopped or eliminated such as Obamacare, medicare, Medicaid, social security, DOE, EPA, BLM, food stamps, Freddie mac, Fannie may, Sallie may, federal reserve, cut the military and defense budget, and all subsidies.

The federal government should only be paying for national defense, and nothing else. The rest should be left to the states.

Then we could look at the 50 states to see what works and what doesn't.

[-] 1 points by GypsyKing (8708) 12 years ago

How many ways are there to hide money and manipulate figures to support a selfish outlook? About as many ways as there are grains of sand. Mark Twain called them "lies, damned lies, and statistics."

I hate these damned liars. I hate them.

[-] 1 points by PandoraK (1678) 12 years ago

I'll never understand where some people get the concept that a division of wealth is sought. I have yet to read such a statement.

I have read that those enjoying larger rewards need to pay larger shares to the means of receiving those rewards (taxes), I have read that rewarding the labor for their efforts in generating those rewards should have higher compensation in many instances.

Where does this all or nothing idea come from, certainly not from the 'masses', who have not put forth this idea. Could it be a concept from the so called 1% or the elite? That all or nothing is all there is, win or loose?

There is a method for everyone to benefit, if everyone would simply actually listen and hear what is being said.

[-] 1 points by Underdog (2971) from Clermont, FL 12 years ago

I don't think the issue is to take income from the 8,274, divide it up, and redistribute it. I think the issue is reforming the system so that the Standard of Living is restored as it was in the 60s-70s. At the beginning of 1980 the annual US income share of the top 1% was 10%. It rose sharply from that to 23.5% in 2007. All during this time, the middle-class eroded away and has not recovered.

That is the issue.

[-] 1 points by IslandActivist (191) from Keaau, HI 12 years ago

Banks make money out of thin air. Money is nothing. No one cares about money. The influence around the money is what everyone wants. You give a realtor money and they bow down and give you a house. People want houses, jobs, healthcare, food, college education, etc. Not money.

[-] 1 points by Ninetyninenot (-57) 12 years ago

If money is nothing, send me yours. This is the simplest way I know how to call bullshit on a money isn't real loon.

[-] 1 points by IslandActivist (191) from Keaau, HI 12 years ago

That is quite the accusation. I would have to say it is the opposite. If you truly believe you can survive with money instead of air, water, and food, then I think you should seek help. If you really want to go around begging for money on forums, then I pity you. How much money do you want? You could spend all of that money but you'll end up right where you started. No matter what happens, you will always be in debt. I would much rather send someone in need food than money.

[-] -1 points by inthe1percent (2) 12 years ago

Houses, jobs, healthcare, food, college, etc all take money.

[-] -1 points by IslandActivist (191) from Keaau, HI 12 years ago

If you gave someone ten million dollars, they would have nothing to do with it besides make paper airplanes. If you gave someone a house, they would have shelter they could live in. You are under the impression that money feeds you. Money does not feed you. Food feeds you.

[-] 1 points by Mooks (1985) 12 years ago

And if you grow/slaughter your own food you won't need any money. But if you want someone to do those things for you, you will have to trade them something that they want. For most people, that something is money because they can in turn use that money for something they want.

[-] 1 points by IslandActivist (191) from Keaau, HI 12 years ago

I am sorry, but I am about done with stating the obvious. This is how our society works. People work, they may get paid, and whatever they were doing is distributed to people for a price. Yes, I am very well aware of that. I am very well aware that I have to give WalMart money in exchange for their goods as well.

I simple don't see a point in your post.

[-] 0 points by inthe1percent (2) 12 years ago

Yes money feeds you buy buying the food and it shelters you buy buying or renting the house over your head.

Giving people food is not helping them and giving someone a house doesn't help them. Making them go out and work and earn the money to feed and house themselves is helping them.

[-] 2 points by gestopomillyy (1695) 12 years ago

stop foreign aid.. you talk like that to americans but you dont send that message to foreign countries.. tell them to work and earn a living! tell that to congress..

here is a billion dollars that could be used to pay americans to work. and only a small portion of what we pay out.. stop bashing americans and start bashing the real problem!


[-] 1 points by IslandActivist (191) from Keaau, HI 12 years ago

*by I think you just solved all of the world's problems. Instead of feeding and giving water to people, let's shove money down their throats! Additionally as a bonus, let's make the dehydrated and starving citizens slaves! I am surprised that you are this ignorant.

[-] 0 points by inthe1percent (2) 12 years ago

Hey dip shit we're not taking about the worlds problems here. In the USA money buys food and houses. The best way to make money is work.

[-] 2 points by gestopomillyy (1695) 12 years ago

you cant work if there are no jobs!

[-] 0 points by IslandActivist (191) from Keaau, HI 12 years ago

How very un-gentleman of you. If you wanted to curse and rant an incoherent discussion, then go to tumblr. Do not come here if you want to avoid intellectual conversation. You can't even understand my insult! It would seem the one percent now worships money. I'll take a note of that. If I were you, I would wash the money you have before eating it. Good day to you, my dear good sir.

[-] 0 points by inthe1percent (2) 12 years ago

You are an idiot, you say you don't want money, but you want healthcare, food, college, and houses. Well I suppose you want the government to pay for all this right? Well guess what dumb ass that takes money. Oh and yes there are plenty of jobs hiring right now. If people would get up off their asses and go apply they might get one. But hell whats the incentive when our government is borrowing money from the Chinese to extend unemployment 99 weeks.

Our little town of 3,000 has had 4 hiring fairs so far this year trying to get people off their asses but they don't want to go off unemployment until there all out of their extensions.

I don't even know of anyone who has lost their house to foreclosure because of this economy. EVERY SINGLE PERSON I know that has lost their house, lost it due to their stupidity.

[-] 1 points by BradB (2693) from Washington, DC 12 years ago

inthe1percent, you are being stupid... you 1percent-ers (if you are even a 1percent-er, which I doubt) sold away America's industries.... and passed the blame and the cost onto the people.... now... we are trying to rebuild what we had... but that takes capital .... it takes capital to work.... dumb ass

[-] 1 points by IslandActivist (191) from Keaau, HI 12 years ago

Excellent job on showing your perspective. Because of course every single town in the US is exactly like your town. Every single person you have met, of course, compromises the entire USA population.

I have never even heard of hiring fairs and these fairs are not used everywhere in the country. I know an entire neighborhood that has been foreclosed. If you apply to a job around where I am at, you would see that are no openings in a 50 mile radius. In the rare event there is an opening, if you have had any type of college education or field expertise you are labeled 'overqualified' since the company would have to pay you more money for your expertise. Your best bet is to hide your education and take the low pay. But going around just on that, would be absolute stupidity. So I go around and notice hundreds of people -dare I say thousands- are going through what I am going through.

I can tell you are not sophisticated and question why you are on this forum if you are going to curse at every person that has a different view than you. I find it hilarious that you keep ranting that money buys you things. Of course money buys you things, didn't you read any of my comments? The fact is, you do not need money. You can survive without money. You cannot survive without food. If enough food was grown for everyone, then the food could be distributed evenly to everyone. I recall humans needing food and water to survive. You need to understand this simple fact of life. Money was created by man out of thin air. The world does not revolve around money. In fact, printing money uses up natural resources. A person decided to tell everyone that they can't have food unless they give them a shiny rock. Now you can either believe without question, or you can stand up and say everyone needs food. Shiny rocks do not benefit us. The government doesn't need to pay for anything. They choose whether or not give their citizens these essential benefits. Honestly, come on!

[-] 1 points by NOAMISRICH (28) 12 years ago

Even in socialist states, the gangsters and politicians still have massive wealth. You can't have equal outcomes. Even in very wealthy families, one sibling will grow the money and the other will end up living in a trailer somewhere. It happens. Cecil Fielder was a baseball player who made 60 million and lost it to gambling and bad investments.

[-] 0 points by inthe1percent (2) 12 years ago

Absolutely true. My family was poor because of my moms be decisions. out of 4 kids I'm the only one who grew up and made something of my self, my 3 siblings leach off government assistance as much as they can. Equal outcomes for all = Equal misery for all.