Quote from Scataphagos:
Did you see that stat published somewhere? Seems high. 1 out of 100 Americans make that kind of money??
Or maybe it's the "top 1% AVERAGE $350K"? That would seem to account for those who make $Millions/$Billions spread over the "1%".
Social Security only takes into account W-2 income (wages), while both census and IRS data show up much higher. E.g. look here: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.htmlQuote from Scataphagos:
According to 2009 Social Security Admn
no kidding, Karl Marx was one of the most influential economists of all time. Yet, if you read Das Kapital, there is all kinds of things about how to split wealth up after it has been created but there is very little about how to create wealth in the first place.Quote from seneca_roman:
Seems all these 1%'rs were born into money aka limousine liberals; we're not hearing from the parents/family who MADE the money.
Seneca
Quote from Mercor:
The question no one answers is: What is a fair share?
The top 1% earn 20% of all annual income. What percent of taxes should they pay? 20%, 25%, 30%, 35%, 40%....