It's probably right, but nearly half this country has ZERO net worth. I'm -- BocaHoo91 01/29/2019 6:23PM Check that... it's 20% that is negative or zero. $100K of net worth -- BocaHoo91 01/29/2019 6:27PMInsert a Link
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T or F: The top 0.1% of all American's net worth almost equals the bottom -- Lazarus 01/29/2019 3:04PM It's probably right, but nearly half this country has ZERO net worth. I'm -- BocaHoo91 01/29/2019 6:23PM Check that... it's 20% that is negative or zero. $100K of net worth -- BocaHoo91 01/29/2019 6:27PM According to this article, true -- Eusebia 01/29/2019 6:15PM That doesn't sound right to me. ** -- HokieDelNorte 01/29/2019 5:30PM Schulz running as an independent to splinter Dem votes is looking better -- ryno hoo 01/29/2019 5:18PM Unlikely that's how it would go -- wahoo138 01/29/2019 6:43PM Well something like 30 billionaires combined have more money than 3.8 -- ftwuva 01/29/2019 4:48PM Who is the better steward of their dollars....GOVCO or the individuals who -- Tuckahokie 01/29/2019 5:13PM That question doesnt really make sense. if you are talking investment, how -- ftwuva 01/29/2019 5:25PM It seems that the method du jour to ending wealth disparity is to apply -- Tuckahokie 01/29/2019 5:30PM Through taxes as i understand it. i assume the money would be distributed -- ftwuva 01/29/2019 5:42PM Regarding your last paragraph, and at the risk of sounding like a broken -- BocaHoo91 01/30/2019 07:15AM I would agree. i think Sanders and Warren are pure socialists and that dog -- ftwuva 01/30/2019 12:05PM A wealth tax is a moronic nonsensical populist plan. True. -- Hoodafan 01/29/2019 4:12PM "It will likely never affect me" doesn't enter into my thinking -- Fuzzy Dunlop 01/29/2019 4:51PM I just don't like the idea of government making these types of judgements -- CharlestonSC 01/29/2019 6:48PM I’m glad that your fine paying more taxes and enabling a dysfunctional govt -- TomKazanski 01/29/2019 5:43PM As a guy that ideally would like a tiered flat tax with no deductions for -- Hoodafan 01/29/2019 5:27PM Man, if only you were this opposed to populist nationalism. -- hoolstoptheheels 01/29/2019 6:42PM The new standard deduction is going to eliminate most from using the -- THECZAR 01/29/2019 5:22PM Your property tax on your house is a wealth tax ** -- BonsackHoo 01/29/2019 4:18PM Arguably yes, but not really the same thing at all. That impacts everyone -- Hoodafan 01/29/2019 4:27PM It's a tax on an asset based on a perceived value of that asset. It's -- 111Balz 01/29/2019 4:42PM So are car and boat property taxes** -- 111Balz 01/29/2019 4:21PM Beyond healthy limits? What does that mean? -- Hokieesith 01/29/2019 3:40PM I'm pretty sure you'll never have to worry about it personally. ** -- Seattle .Hoo 01/29/2019 4:16PM You can't answer that question can you? LOL. -- Hokieesith 01/29/2019 6:06PM This board cracks me up... ** -- Tuckahokie 01/29/2019 5:03PM Because class warfare! ** -- ResistHoo 01/29/2019 3:54PM 10 million a year seems to be the healthy limit...that is when the big tax -- Tuckahokie 01/29/2019 3:49PM Spoiler alert author inside -- Lazarus 01/29/2019 3:43PM They also pay for your offsprings health care -- TomKazanski 01/29/2019 3:36PM More proof that you don't understand how health care works ** -- 111Balz 01/29/2019 4:15PM Tommy's post is in response to Laz spiking the football years ago wrt obama -- Folly Beach Hokie 01/29/2019 4:35PM I think it was temporary. -- Shenhoo 01/29/2019 5:00PM Oh, I have heard references to that but I missed that conversation -- 111Balz 01/29/2019 4:45PM Well that’s not a surprise but continue commenting ** -- TomKazanski 01/29/2019 5:33PM In your case, we can all thank goodness birth control is 100% self-funded. -- WahooRQ 01/29/2019 3:56PM They do? Does that mean Donald & his pals will be cutting me and -- Guy LeDouche 01/29/2019 3:39PM The bottom 30% or so has no net wealth right? So every one of us has more -- JohnHoo2 01/29/2019 3:24PM But that is just part of the problem. Wealth is HIGHLY concentrated -- 111Balz 01/29/2019 3:52PM 45% of American workers invest in mutual funds...I don't think all of those -- Tuckahokie 01/29/2019 4:10PM Missing your point ** -- 111Balz 01/29/2019 4:14PM You stated that wealth grows from investment income...doesn't a sizeable -- Tuckahokie 01/29/2019 5:07PM Yes, they just don't earn as much return on their investments ** -- 111Balz 01/29/2019 5:13PM Why don't they earn as much return on their investments? -- BocaHoo91 01/29/2019 6:16PM The wealthier you are the more options you have to invest. -- 111Balz 01/29/2019 7:53PM Everyone has the ability to taking more risk for higher returns. -- BocaHoo91 01/29/2019 7:57PM The wealthy have FAR more opportunities and can do so in a balanced manner -- 111Balz 01/30/2019 09:18AM The wealthier are not gettting -- BocaHoo91 01/30/2019 09:40AM Boca, all due respect but you don't seem to be -- 111Balz 01/30/2019 09:46AM In the context of a wealth disparity -- BocaHoo91 01/30/2019 09:54AM That seems like a silly question and statement. I have no idea why you -- 111Balz 01/30/2019 10:26AM Um... your words -- BocaHoo91 01/30/2019 10:31AM Yes. I said those words. Just not what you said i said ** -- 111Balz 01/30/2019 10:54AM It's impossible to have an intelligible discussion with you. -- BocaHoo91 01/30/2019 10:58AM I'm really not sure what is wrong with you today but I have been -- 111Balz 01/30/2019 11:03AM We are borrowing $1T a year for whom? The discussion we need to have -- Shenhoo 01/29/2019 6:50PM I actually don't mind that argument. I hate the argument -- BocaHoo91 01/29/2019 7:42PM Wealth disparity has historically been unhealthy at extreme levels -- 111Balz 01/29/2019 7:55PM That's because historically wealth has been in land ownership -- BocaHoo91 01/29/2019 8:08PM The topic is whether expanding wealth gap is -- 111Balz 01/29/2019 9:54PM Of course the expansion of the gap is because some at the top end have been -- BocaHoo91 01/29/2019 10:05PM Well, I would question the assertion that the vast majority of the richest -- 111Balz 01/30/2019 08:14AM Here’s Forbes summary of the richest -- BocaHoo91 01/30/2019 08:20AM That point is valid. Still, I remember none other than Alan Greenspan on -- Shenhoo 01/29/2019 9:33PM I agree with you that if Americans are living in squalor there will be -- BocaHoo91 01/29/2019 9:52PM 20 percent have zero net worth, right? ** -- Shenhoo 01/29/2019 9:54PM Zero net worth = squalor? -- BocaHoo91 01/29/2019 10:01PM Awesome anecdote, Bro. -- Shenhoo 01/29/2019 10:13PM I never said that poverty wasn't a problem. And it's not really an -- BocaHoo91 01/29/2019 10:26PM My point was Mr. Greespan's. -- Shenhoo 01/29/2019 10:38PM Yeah, I didn't put a goodwill entry on my personal balance sheet for -- BocaHoo91 01/29/2019 10:55PM If you make $34K you are in the 1% Globally ** -- HokieDan95 01/29/2019 3:22PM And of course $34,000 buys the exact same life in every country ** -- 111Balz 01/29/2019 3:53PM No, it buys a much better life here than in the rest of the developing -- BocaHoo91 01/29/2019 6:31PM Not sure where you are speaking of. everywhere is developing ** -- 111Balz 01/29/2019 9:56PM "3rd world".... although that term is not used as much anymore -- BocaHoo91 01/30/2019 07:05AM I know a retired couple in Puerto Vallarta who disagree rather strenuously ** -- southdenverhoo 01/29/2019 8:14PM There are some retirement / vacation -- BocaHoo91 01/29/2019 8:40PM Well duh😜 ** -- 111Balz 01/29/2019 7:57PM Of course not ** -- HokieDan95 01/29/2019 5:12PM So a global number really is not relevant except for the usual -- 111Balz 01/29/2019 5:16PM