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CORNHUSKER4PALIN

Articles Posted: 17  Links Seeded: 6435
Member Since: 7/2009  Last Seen: 5/16/2012

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Americans Make Up Half of World's Richest 1%, World Bank Economist

Seeded on Sun Jan 8, 2012 5:11 PM EST
Read Article
politics, occupy-wall-street, one-percent
Seeded by Cornhusker4Palin
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Occupy Wall Street Protesters need to occupy a mirror and look deep into its reflection before complaining of hardship, because by world standards, a good chunk of them probably are one percenters themselves, a World Bank economist concludes.

A person needs to take in $34,000 a year, after taxes, to be among the richest 1 percent in the world, and as of 2005 — the most recent data available — about half of them, or 29 million, lived in the United States, according to calculations by World Bank economist Branko Milanovic in his book "The Haves and the Have-Nots," CNNMoney reports.

Another four million live in Germany, and the rest are scattered across the globe.

Read more: Americans Make Up Half of World's Richest 1%, World Bank Economist
Important: Can you afford to Retire? Shocking Poll Results

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  • Public Discussion (5)
DUDE-875416

Class warfare is nothing but a smoke screen to get re-elected. Face it, if it was a real issue in the eyes of Obama and the Democrats, they would have done something about it back when they held the majority in the Senate. Instead, they passed a HCR bill that turned out to be filled with a lot of stuff nobody knew about and yet wouldn't go into effect until year 2014 (some emergency). They spent more in 2 years than the cost of the war in Iraq cost us for nearly 10 years! The value of our dollar is plummeting since the Democrats took office as well due to their belief that government spending will solve all of our problems.

  • 4 votes
Reply#1 - Mon Jan 9, 2012 9:47 AM EST
Socrates1

Dude...well said....it's a problem when you have the power and have to come up with some other excuse for not doing what you said you'd do. Ironically, the strategy seems to be to run against himself.....

  • 1 vote
#1.1 - Mon Jan 16, 2012 10:29 PM EST
Reply
Joe-4296906

Branko Milanovic, what exactly are you trying to insinuate, that Americans are well off or are in better shape then the rest of the world. Its comments like that which show the ignorance of those who have multiples of millions of dollars and try to insult the intelligence of the American people and other countries by making statements like this. Why would anyone believe that wealthy bankers who have been on the end of the money chain for decades now constantly collecting all the cash from the many countries of the world in turn forcing governments to print more money so people can survive by buying needed over priced products from the corporations that the banking industry controls most of the stock and taking that money from circulation so countries have to print even more money till money is worthless. And you want to criticize the protesters for standing up for the rights of all Americans. Branko, don't change the point by making a statement that exposes you and your conspirators dream of controlling not only the financial but the assets that produce the means to suck more cash from the world. This world is not yours or will it ever be the empire of the other people like you. By the way the way if your statement (Occupy Wall Street Protesters need to occupy a mirror and look deep into its reflection before complaining of hardship, because by world standards, a good chunk of them probably are one percenters themselves) is true, then even a smaller percentage of people are wealthy.

America don't let them make it look like it's the governments fault for all our financial problems, they want the government to fail so they can take control, if you think I sound extreme......Look at who are controlling our country.....Many laws don't protect the people anymore and the regulations that protected America from greed now support them. Don't let the greed lead it won't be a good road for most all Americans!!!!

    Reply#2 - Sun Jan 15, 2012 2:36 PM EST
    Cornhusker4Palin

    The 1% is relative. There's a difference between our 1% and the world's but it is a reminder how well off we are as Americans to know that half the global top 1% is here. As to our domestic issues, government is mostly to blame for them.

    • 2 votes
    #2.1 - Mon Jan 16, 2012 2:28 PM EST
    Reply
    JayTee-3231157

    And the point of the Article IS ? ?

    America is wealthy ?

    Class warfare was successful in Russia and China ?

    Oh, must be why EVERYONE wants to move/immigrate to America, no class warfare and the sky is the limit.

    • 1 vote
    Reply#3 - Mon Jan 16, 2012 8:32 PM EST
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