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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (293394)	7/10/2006 3:06:25 AM
From: tejek	Read Replies (2) \| Respond to of 1574751

They were for the rich elite in this country who are roughly ten percent of the population 10%? If you're talking based on salary, I don't think you are "rich elite" if you're only in the 10% range. What would that be, $90k per year? If you are talking liquid net worth, 10% still isn't that high. I read some recent research that the US has something like 8 million millionaires. That's less than 3% of the population. Once you get down to 10% it probably means you have $600k liquid net worth. At 5% interest, that's enough to make $30k per year pre-tax without working, doesn't sounds too much like "elite cruising on a yacht rich" if you ask me. You probably are right......I have never figured where exactly ten percent is in terms of salaries. I think you want to focus your discussion on the top 1/2 of 1% if you want to talk about the very rich. Whether its ten percent or 1 percent more and more of the nation's resources and wealth is accruing to them: nytimes.com