One winner joinned the 1% in Nortern Ca via the PowerBall game or tax.

[CK_John]

The new way to make it, all it cost is a dollar and a dream society.

[JimDandy]

1. Umm... $2. n/t

[Jesus Malverde]

2. Pretty sure the 1%ers are billionaires.

After taxes this person will be lucky to have 250 Million.

Hardly a 1%er. Their wealth is off the charts.

[brooklynite]

3. Sorry - your stereotype doesn't work...

Top 1% of household income nationally is $383,000.

[Jesus Malverde]

5. Thats silly.

Last edited Thu Feb 20, 2014, 12:42 PM - Edit history (1)

Hedge fund managers are making billions in one year.

The top percent of income earners are not the same 1% who control the bulk of the nations wealth.

In fact the real 1% don't have income... they have investments, trusts and capital gains.

Making $383,000 in one year does not make you a 1%er. The real 1% want to broaden the 1% class in peoples imagination as wide as possible. Their greed depends on this illusion.

The guy who won the lottery will pay about 50% in taxes.

The real 1% pay (15% rate) capital gains...if that.

Most multi-millionaires are not 1%ers. It's hard to believe but the disparity of wealth in this country is so broad and concentrated in so few.



http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/06/this-viral-video-is-right-we-need-to-worry-about-wealth-inequality/

[brooklynite]

6. That's not what you said...

...Certainly the 1% includes "billionaires", but it also includes "real" people who end up getting paid well for their work (like my wife). Many of them are Democrats and even liberals (like my wife). Just like not all poor people are Republicans.

[Jesus Malverde]

8. The 1% is not the 1% of income..

It's the 1% of wealth.

After taxes this person will be lucky to have 250 Million.

Hardly a 1%er. Their wealth is off the charts.

Stop kidding yourself your wife is not a 1%er...

There are 1%ers like Jaimie Diamon, LLoyd Blankfein, Mark Benioff, Getty, and others who identify with the Democratic Party.

Watch the video.

[hugo_from_TN]

9. Net worth of about $1.5M puts you in the top 1%

[Jesus Malverde]

11. Who are the 1 percent?

When you look at the disparity in net worth, things look even more skewed. Wealthier Americans have assets — in home equity, stocks and other investments — that generally outstrip their cash income. Average wealth of the top 1 percent was almost $14 million in 2009, according to a 2011 report from the Economic Policy Institute. That’s down from a peak of $19.2 million in 2007.

http://www.washingtonpost.com/blogs/wonkblog/post/who-are-the-1-percenters/2011/10/06/gIQAn4JDQL_blog.html

To me all these numbers are meaningless when you look at hedge fund earners.

Ray Dalio Earnings: $3 Billion
James Simons Earnings: $2.1 Billion
Carl Icahn Earnings: $2 billion
Steve Cohen Earnings: $600 million
David Shaw Earnings: $580 million

That these guys are measured in the same class as someone who makes 1.5 million or 14 million might the confusion.

[brooklynite]

10. Our current assets are in the 8 figures...

...Sorry to burst your bubble.

[Jesus Malverde]

12. Trust me unless your married to Oprah or Petra Ecclestone

Nothings been burst...

[Tommy_Carcetti]

4. Welcome new lottery winner Mitt Romney! nt

[Egalitarian Thug]

7. It takes more than money to join the ruling parasites, just look at all the sleazy wannabes

scurrying around Manhattan.

With very few exceptions, you are born into it.

[deutsey]

13. Right. It goes way beyond money...for them, it's a matter of class and family background

and whether you have a star down thar...