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In reply to the discussion: Forget the 1% [View all]

hfojvt

(37,573 posts)
25. argh, to me this is just going in the wrong direction
Sat Nov 8, 2014, 05:33 PM
Nov 2014

Why don't we just talk about Bill Gates then?

Everybody else is near-poor or something.

To me, even the talk of the 1% is too NARROW, but some people want to narrow it even further.

Because, doncha know, 11.2% of the wealth is far, far more important than a mere 85% of the wealth.

Sure, sure, I wrote about the "Fab 400" http://journals.democraticunderground.com/hfojvt/123

but I quickly widened it

"The cummulative loss since 1995, including 4% interest, totalled $88.7 billion in 2007. Again, a mere drop in the deficit bucket, but the fab 400 are also just the tip of the wealthy iceberg.

Their share of income was just 1.59% of all income. That is way up from the .49% it was in 1995, but still a fairly small slice. In 2005, those with incomes over $10 million (and there were 13,776 such families, including the fab 400) got 5.1% of all income...."

Forget the 1% [View all] Octafish Nov 2014 OP
The big fish eat the smaller fish. That's capitalism. Now we are starting to see the bigger fish rhett o rick Nov 2014 #1
''What would Goldman think?'' Octafish Nov 2014 #2
I got this right from the horses mouth. H. Clinton-Sachs will choose Goldman-Sachs as her running rhett o rick Nov 2014 #6
I am looking for the post that quoted Sen Sanders talking about the dangers of rhett o rick Nov 2014 #7
Bernie Sanders: “If I were to run for president, do you know how much money the Kochs would spend? Octafish Nov 2014 #10
Thank you so much. I didn't have it bookmarked. This is one of if not the most important rhett o rick Nov 2014 #12
"H. Clinton isn't afraid of the Powers To Be..." scarletwoman Nov 2014 #21
I am willing to give her brave. What I said was, being brave isn't why she isn't afraid of the PTB. rhett o rick Nov 2014 #22
Sorry, I was being sarcastic. scarletwoman Nov 2014 #24
Well I did a bad job of being sarcastic back. I got your post, but wasn't sure you got mine. rhett o rick Nov 2014 #26
LOL! scarletwoman Nov 2014 #27
One more thing that I need straightening out. If I were to look at your turning rhett o rick Nov 2014 #28
No. Only if you are the one who sets it in motion. scarletwoman Nov 2014 #30
You generally don't have to be very brave hifiguy Nov 2014 #44
If you walk with the biggest bully, you don't need to fear. If you challenge the bully, you'd rhett o rick Nov 2014 #45
Eventually there is only one fish left, and that fish then calls himself Emperor. Odin2005 Nov 2014 #17
It brings to mind this article from The Onion. smokey nj Nov 2014 #31
Thanks for posting. nm rhett o rick Nov 2014 #32
Damn skippy. HRC is a wholly owned subsidiary of Goldman. hifiguy Nov 2014 #42
No wonder they can set in motion wars, "lone nuts" & whatever else they need to protect that wealth villager Nov 2014 #3
It's why they hate Castro n Free Cuba. Octafish Nov 2014 #11
Recently...Water Cannons, Tear Gas Unleashed on 100,000 Anti-Austerity Marchers in Brussels adirondacker Nov 2014 #4
Iceland Jailed Banksters Octafish Nov 2014 #39
I remember in college, my political science teacher telling us he believed the U.S. was run... C Moon Nov 2014 #5
My American Government class was taught with a text that rhett o rick Nov 2014 #9
K&R. Overseas Nov 2014 #8
Thanks for this Octafish malaise Nov 2014 #13
That is who I am always talking about, the .01%. People here don't fully realize what we are talking Rex Nov 2014 #14
K&R Can we spell OLIGARCHY? woo me with science Nov 2014 #15
The Bourgeoisie. The Capitalist Class, the Owning Class. The Investor Class. Odin2005 Nov 2014 #16
Debs... L0oniX Nov 2014 #19
One of my political heroes. Odin2005 Nov 2014 #20
Nothing pisses me off more than to hear these people talk about how hard they worked SomethingFishy Nov 2014 #23
Behind every great fortune is a great crime. Odin2005 Nov 2014 #29
When people tell me they got rich through 'hard work,' I always ask them "Whose?" - nt KingCharlemagne Nov 2014 #41
This should be one of the most rec'd ops ever on DU. L0oniX Nov 2014 #18
argh, to me this is just going in the wrong direction hfojvt Nov 2014 #25
I think the narrower 0.1% ctaylors6 Nov 2014 #34
+1 woo me with science Nov 2014 #35
I forgot-- what were we talking about? johnnyreb Nov 2014 #33
The jaw-dropping inequality of wealth in the U.S., in charts Octafish Nov 2014 #38
I really wonder if that "business plot" from the 1930s actually succeeded. Initech Nov 2014 #36
Same group as the people who tried to overthrow FDR in 1933 had kids. Octafish Nov 2014 #37
K&R for the original post and subsequent informative posts and links. JEB Nov 2014 #40
K&R This is very important reading. hifiguy Nov 2014 #43
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