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Forum Post: Ten Numbers the Rich Would Like Fudged

Posted 7 years ago on Nov. 19, 2012, 1:25 p.m. EST by agkaiser (2452) from Fredericksburg, TX
This content is user submitted and not an official statement

By Paul Buchheit

  • Only THREE PERCENT of the very rich are entrepreneurs.
  • Only FOUR OUT OF 150 countries have more wealth inequality than us.
  • An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.
  • Corporations stopped paying HALF OF THEIR TAXES after the recession.
  • Just TEN Americans made a total of FIFTY BILLION DOLLARS in one year.
  • Tax deductions for the rich could pay off 100 PERCENT of the deficit.
  • The average single black or Hispanic woman has about $100 IN NET WORTH.
  • Elderly and disabled food stamp recipients get $4.30 A DAY FOR FOOD.
  • Young adults have lost TWO-THIRDS OF THEIR NET WORTH since 1984.
  • The American public paid about FOUR TRILLION DOLLARS to bail out the banks.
  • Bonus for the super-rich: A QUADRILLION DOLLARS in securities trading nets ZERO sales tax revenue for the U.S.

This article was published at NationofChange at: http://www.nationofchange.org/ten-numbers-rich-would-fudged-1353335225 All rights are reserved.



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[-] 1 points by agkaiser (2452) from Fredericksburg, TX 7 years ago

Aren't they masterful?!

Read 'How Does That Work' at: https://www.createspace.com/3852916

[-] 0 points by freakyfriday (179) 7 years ago

Reading the tax policy write up under the bullet re: tax deductions for the rich could pay 100% of deficit.

2 things. 1) It appears to be based on total taxpayers as opposed to 'rich' 2) That is the annual Obama deficit, not to be confused with the national debt that he is adding too like no other president in history. As an aside, $1.1 trill does not cover fiscal 2012

[-] 0 points by TrevorMnemonic (5827) 7 years ago

great post!

[-] 0 points by richardkentgates (3269) 7 years ago

You need to remove the period from the end of the link or it results in a "page not found" error.

[-] 1 points by agkaiser (2452) from Fredericksburg, TX 7 years ago

OK. done