Democratic Primaries
In reply to the discussion: Ocasio-Cortez, progressives trash 'antisemitic' Politico illustration of Bernie Sanders [View all]Celerity
(43,080 posts)examples (and there are thousands)
Incredible photos give a totally unexpected perspective into how the 1% lives
https://www.businessinsider.com/a-look-into-how-the-1-lives-2016-5?r=US&IR=T
Richest 1% will own more than all the rest by 2016
https://www.oxfam.org/en/pressroom/pressreleases/2015-01-19/richest-1-will-own-more-all-rest-2016?cid=aff_affwd_donate_id78888&awc=5991_1558844697_d8a8d5a4291c0bbb09bb32944a1dbd3e
Many times the ultra rich report no income, but they are still ultra rich.
The very sentence itself is:
The wealthiest 1% in the nation.
Look at how Bernie himself critiques people.... 'millionaires and billionaires'. You can EASILY be a paper 'millionaire' and never get close to making a 1% level per annum income. Ask millions of Californians, NYC-dwellers, and Londoners who own houses and flats that have exploded in value since they bought them for pennies on the pound/dollar.
A person can have a couple big years of income and then it stops. Unless they are very good at leveraging it and extending it, they certainly will not be a 1% (let alone the 0.1%, which is were I like to draw the line) in terms of being a member of the 'ownership' class.
Look at the history of so many pro athletes. A few years making huge salaries and a signing bonus, the boom. It all ends.
It is crazy how many end up bankrupt.
primary today, I would vote for: Joe Biden