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Politics : Formerly About Advanced Micro Devices
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To: average joe who wrote (586295)9/18/2010 10:31:06 PM
From: combjelly1 Recommendation  Read Replies (1) of 1576159
 
"If you took all of the income and confiscated all the possessions of the nation's top 5% income earners it would not pay the interest on the national debt for 5 hours."

Nonsense. Total net worth of Americans was about $59 trillion in 2007.

mjperry.blogspot.com

The top 1% controlled a bit over 34% in 2007.

sociology.ucsc.edu

So the top 1% alone controlled about $20 trillion. Which is a bit more than 5 hours worth of interest.

If you are going to make stuff up, try to make it somewhat believable.
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