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


To: bentway who wrote (862316)6/4/2015 1:19:28 AM
From: i-node  Read Replies (2) | Respond to of 1577920
 
>> Not if you look at it as a percentage of their total income,

Well, you have to understand something. YOU have been in the 1% and YOU didn't pay any.

And in fact that is how most people get in the 1% -- they sell their homes in NYC or California and for one year they're in the 1%. And they don't pay taxes.

If you're really talking about the 0.001% the near billionaires, that's a different thing. When you start getting into the 0.01% or 0.1%, you're dealing with working people.

So, define the demographic and we can talk about it; the difference between the 1% (which includes crain operators at the Port of Long Beach) and the 0.001% is far more radical than the difference between the 1% and the 99%.

Over half of American families will, at some point in their lives, be in the 1%. But most are in-and-out over a year or maybe two.