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Old 09-01-2005   #1 (permalink)
orion_squall
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Ugly FACT

Hi, all

FYI

In the US,

30% of people owns 90% of america's wealth

the rest 70% of people own the rest 10% of america's wealth

If you are anything from policeman, soldier, engineers, doctors, office worker etc etc you are in the 70% of people.

Discussting fact.
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Old 09-01-2005   #2 (permalink)
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thats capitalism at work. like it or not.
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Old 09-01-2005   #3 (permalink)
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why is that ugly. the pie isnt a pie. its more like a salad bar. the size of your plate can vary allowing some people to grab more cabbage at once vs. someone else. but the salad will always be there for who ever wants it. the 30% who control 90% worked harder, used contraception, went to college, and alot of them at some point took a huge risk where they went from making 40k a year to make 90k but theres a chance they could have lost it all. yes there are ppl who are just born into it.

We should aspire to be in the top 30% not get upset that its this way.
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Old 09-01-2005   #4 (permalink)
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Actyally, many soldiers are living under the poverty level. I know many military families who survive because of federal aid such as WIC and food stamps.
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Old 09-01-2005   #5 (permalink)
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I just find it ugly because as I said, professionals and people who had a degree and work hard are still in the 70% of people, even if you earn 90k a year you are still in the 70%. Not to mention the respectful soldiers, police officers and fireman...they would be in the mid-low end of the 70%.
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Old 09-01-2005   #6 (permalink)
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Quote:
Originally Posted by silverdevil
Actyally, many soldiers are living under the poverty level. I know many military families who survive because of federal aid such as WIC and food stamps.
THAT is ugly.
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Old 09-01-2005   #7 (permalink)
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so. you can survive with that. at 40k a year with a wife who makes 20-40k a year you can buy a 1700 square foot house which is more than enough and retire with funded i.r.a's and 401k's. the sad fact about this nation is the fact that people buy stupid stuff like tahoes at employee prices not realizing gas is at 3dollars a gallon so you neutralize the discount with your gas. they buy 4 room houses b4 they have kids not allowing them to have any money to save for rainy days due to their large un justified mortgage. the sad fact is that people dont go to financial planners once every 6months because they dont think they need to. well rich people dont need financial planners because generally they dont need to make ends meet. its the average to poor person who can truely benifit from financial planning. just go down to your bank and ask them if they offer it or would suggest someone.
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Old 09-01-2005   #8 (permalink)
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Ugly fact number 2 : 69% of all percents on the internet are made up.

discuss
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Old 09-01-2005   #9 (permalink)
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Quote:
Originally Posted by ledbelly
Ugly fact number 2 : 69% of all percents on the internet are made up.
discuss
Oh so very true.

In all reality, somewhere around the top 5% own roughly 90% of the wealth. The next top 30% own another 50% of the wealth.
From there, another 10% own 10% of the wealth,
and about 45% own about -20%.
The lowest 10% of people own somewhere around -30%.

Break this down, and these statistics are NOT FACT. Someone else needs to find the true ones because I don't care.

The richest people own a lot because they are not in debt, and in fact they loan out their money to the poor.
The 2nd richest people own a good amount, but aren't rich enough to loan out a ton of their money.
The 3rd group basically own themselves and not much more, but they aren't in debt.
4th group is in debt, probably owning a house which is the cause of their debt.
The last group is the poorest.

Incidentally, people that simply have their homes paid off are easily in the 2nd-3rd group, poor people or not. It's the middle class that's in the bottom 2 groups, with the credit cards and homes that are not paid off...
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Old 09-01-2005   #10 (permalink)
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If 5% owns 90% how much of that 5% does Bill Gates make up? lol
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Old 09-01-2005   #11 (permalink)
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Quote:
Originally Posted by silverdevil
Actyally, many soldiers are living under the poverty level. I know many military families who survive because of federal aid such as WIC and food stamps.
Most Enlisted members are paid sh|t! Now thats an "Ugly" fact for you right there, these people put their lives on the line every single day and the guy working the window at the local Taco Bell makes a better living asking if you would like Hot Sauce with your order...

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Old 09-01-2005   #12 (permalink)
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Quote:
Originally Posted by ledbelly
If 5% owns 90% how much of that 5% does Bill Gates make up? lol
You're talking about the 15 million richest people in america...

Bill Gates owns virtually none of that, percentage-wise. His 40 billion or whatever may be the highest, but there are so many other billionaires and millionaires, they trounce Bill's little "fortune". You're talking about the percentage of 40 billion out of 40 trillion or something. That's like .1 PERCENT. Nada...
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Old 09-01-2005   #13 (permalink)
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^uhm you ARE aware he is the richest man in the world...
anyway, heres an idea > forbes yearly list of american billionares. bill holds a mighty position, while the worth of these people amounts to over 1 trillion, he holds the biggest piece
http://www.forbes.com/400richest/
and
http://www.forbes.com/2005/03/09/bill05land.html
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Old 09-01-2005   #14 (permalink)
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can someone explain to me why this is ugly. i understand soldiers pay is ugly. but i dont understand why being wealthy is a negative. so please explain why this is ugly.
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Old 09-01-2005   #15 (permalink)
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Quote:
Originally Posted by modoman
^uhm you ARE aware he is the richest man in the world...
anyway, heres an idea > forbes yearly list of american billionares. bill holds a mighty position, while the worth of these people amounts to over 1 trillion, he holds the biggest piece
http://www.forbes.com/400richest/
and
http://www.forbes.com/2005/03/09/bill05land.html
Yes, he IS the richest man in the world, however if you get the 15 MILLION richest americans, they completely trounce him. His 40-50 billion he's worth is not even a fraction of the worth that 15 million richest americans make. You look at the top 3 after him, and they are worth more than him....

Gimme a break.
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