Show of HandsShow of Hands

tractorman June 8th, 2018 2:54pm

The top 1% of American families numbering about 160,000, now hold 22% of America’s wealth. This is up from just 10% in 1963. Still think the game isn’t rigged?

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RussianThunder Russia and USA
06/08/18 2:08 pm

No, I’m not “shitting you”.

You think Bill Gates, Jeff Bezos, George Soros, Larry Ellison, Larry Paige, Sergei Brinn, Leonardo Del Vecchio, Richard Branson, John Paul DeJoria, Sheldon Adelson, Daymond John, Steve Jobs. Roman Abramovich, Oprah Winfrey, JK Rowling, Chris Gardner, Guy Laliberté, Kenny Troutt, Do Won Chang, Ken Langone, Shahid Khan, Jan Koum....to name just a few, were born with silver spoons in their mouths? No, they worked hard, had ideas, persevered. They took a gamble. They could have lost everything or struck gold. These guys struck gold.
Most Americans want to live comfortably and take no risks. That is their right but if no risks are taken, no rewards may be found. Yes, you could lose it all but again, it’s a risk. Some of these guys taught themselves business, others programming, some had to learn English on top of it.

Don’t seek what you didn’t work for.

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RussianThunder Russia and USA
06/08/18 12:17 pm

Yet, many of those are self made people. Gates, Zuckerberg, Paige, Brinn, Bezos....they all had an idea. They all worked hard. They made something out of nothing.
Anyone can do that but instead, they want a part of the profits for something they had nothing to do with.
The Rockefellers, Walton’s, Kochs’s, Trumps yes, they inherited money but they still had to manage it and invest it wisely.

In addition, nearly all of these people or families are highly philanthropic, even though they don’t have to be.

The system isn’t rigged. You just have to have an idea, commit to hard work and market it.

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suppressedID IMEACH BIDEN
06/09/18 8:46 am

That’s the lie: the opportunity isn’t the same.

Not even remotely.

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STONEYTJONES Indiana
06/08/18 7:17 pm

How about instead of whining about others having more than you, you just try harder.

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commonman1 Peace
06/08/18 8:22 am

Middle class is shrinking. Good news upper middle class if growing.

Why are people jealous of successful people? Why do the want successful people to pay their way?

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commonsense America isnt racist
06/11/18 8:34 am

Do you have any evidence that it’s rigged other than some people are rich and some are not.

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AnarchoCowboy Back 4 Now
06/08/18 8:08 am

Ever heard it takes money to make money? It's true

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tractorman Oklahoma
06/09/18 6:48 am

Anarcho... so no reply to the comment they built their wealth on the backs of slaves, children, overseas slave wages, migrant workers, etc.?

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lj74
06/08/18 8:12 am

Equal opportunity tractor. They just made more of it then you have as shown by the increase

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RussianThunder Russia and USA
06/09/18 6:57 am

You don’t need a union if your wages are higher, insurance plans better and offer incentives. You just need to do it without union negotiations.

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commonsense America isnt racist
06/11/18 10:46 am

You can think that way sure. But you can also think this way: it’s perception. Poor parents raise poor children. It can be hard for poor kids to think they can succeed like bill gates or Oprah. 99% of the opportunity to become wealthy or comfortable are there for every single person. It’s up to that person to want it badly and work for it.

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tractorman Oklahoma
06/08/18 1:15 pm

“Anyone can do this”? Really? Are you shittin’ me. These people were extremely lucky and gifted but there are millions and millions who don’t have the OPPORTUNITY available. Why can’t these families pay their fair share for those who have had NO opportunity. How much money and power does 1% of out population need?

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STONEYTJONES Indiana
06/09/18 7:22 am

Everyone does have that opportunity they just have to seize it for themselves instead of whining about others having more.

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PhxLibertarian Republic of Dave
06/08/18 1:20 pm

How is the game rigged? It isn't like these are the same people. The turnover in the top 1% is huge. This is because the game isn't fixed and new people move into the top 1% forcing others out all the time.

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tractorman Oklahoma
06/11/18 5:49 pm

I believe that all of my American brothers and sisters deserve the same breaks you and I got. You think all of them do, I think a great many of them do not. I’d guess you are in Regan’s “me” generation and are comfortable with your prejudices against people unlike you. Sad 😞

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RussianThunder Russia and USA
06/08/18 2:38 pm

You sit in the couch and pout and whine about how hard life is.....waiting for a handout. Good luck getting anywhere in life.

My parents grew up poor in the Soviet Union. Hard work and risks. Capitalism carried a lot further than communism or socialism ever did.

So, yes. I guess they drank the kook-aid and decided to try and succeeded.

What do you do for a living?

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tractorman Oklahoma
06/09/18 5:31 am

Allowing a union allows me to find and retain good employees, pay living wages, have great morale and productivity, and make a modest profit for the company. Isn’t that what it’s all about? Or is it paying the least you can, screwing employees, and making huge profits for the short term? You tell me....

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tractorman Oklahoma
06/11/18 12:22 pm

Well said like a true privileged bully boy who spewed hate and venom on anyone not like him. Sad😞

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tractorman Oklahoma
06/08/18 8:40 pm

Not whining, that’s your job. I’m just looking for some living up to our belief that we all in America have equal chances to succeed. I already am comfortable but I realize that I was very privileged and lucky. Just think everyone should have that opportunity.

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STONEYTJONES Indiana
06/11/18 3:21 pm

You’re the only one spewing hate. You hate successful people or anyone that does better than you. I grew up fairly poor. But I was taught to have a good work ethic and not to be a victim. And I’ve done pretty well for myself. I never had hand outs and didn’t blame everyone else when I was living paycheck to paycheck. I wanted more so I kept working towards getting more.
So again, stop whining about everyone else and what others have and worry about yourself and your own family.

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STONEYTJONES Indiana
06/09/18 9:30 am

Ok. I will play. How so?

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tractorman Oklahoma
06/08/18 8:42 pm

How about slavery, child labor in America for a century and continuing now overseas, breaking unions to pay unlivable wages, etc.

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STONEYTJONES Indiana
06/09/18 3:32 pm

“inadequate prenatal care, up through poor nutrition, on to bad day care, into horrible schools”

None of that is anyone’s fault but their own.

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RussianThunder Russia and USA
06/09/18 2:49 am

You are the CEO of a small company yet you are pro-union. It must be a very small company.
Do you offer goods or services?

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PhxLibertarian Republic of Dave
06/14/18 9:55 am

Tractor, the measure is income, not wages. People with incredible wealth make incredible earnings from that wealth, but still there is tremendous movement in the top 1% earners. It isn't the case that a small number of people making Hugh money from investments simply stay in the top 1%.

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STONEYTJONES Indiana
06/11/18 10:07 am

It’s all about their parents. If you raise your child to be a victim guess what they’re going to be? Kids are a parents responsibility not the governments.

What political party has controlled nearly all of those shitholes you named? Democrats. Which political party wants to keep people poor and dependent on government? Democrats. So why are you pretending you care about those people?

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AnarchoCowboy Back 4 Now
06/08/18 8:53 pm

It's this simple, if the wage ain't good enough, don't take the job. Employer-employee relationships are mutually beneficial, that's why they exist.

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STONEYTJONES Indiana
06/10/18 5:01 pm

Not the child, their parents.

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RussianThunder Russia and USA
06/08/18 2:09 pm

Nearly everyone who is a billionaire or multimillionaire is highly philanthropic. What do you want, a check made out to you personally?

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STONEYTJONES Indiana
06/10/18 9:17 pm

Imagine that, how liberal of you.

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suppressedID IMEACH BIDEN
06/09/18 8:45 am

Prepare to be “disappeared”.

Been great knowing you.

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RussianThunder Russia and USA
06/09/18 6:56 am

Do you assume you are the only ethical CEO out there? How many employees and again, do you offer good or services?

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STONEYTJONES Indiana
06/10/18 5:15 pm

Being born to shitty parents doesn’t mean “the game is rigged” and it certainly doesn’t mean that people that have succeeded in life are bad. That’s just stupid.
How can you honestly say they don’t get help?

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AnarchoCowboy Back 4 Now
06/08/18 1:05 pm

Amen Ruso, this is the mindset that leads to success, contrary to the popular "the world owes me" belief.

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AnarchoCowboy Back 4 Now
06/09/18 10:30 am

Cop out? That's what this all comes down to in its most basic form. It was a mutually beneficial relationship in all those scenarios except slavery, which thankfully we no longer have to worry about.

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tractorman Oklahoma
06/08/18 8:22 am

Enlighten us O statistics guru...

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mark4
06/14/18 3:20 am

Every one of the rich people I’ve ever known started out really poor but were determined to do better. I’m not rich, but very comfortable and I began as one of the hungry poor, doing so much better now that I feel rich. I still know a number of the very poor and it is their mindset that keeps them that way, breeding new generations who think the same, envious rather than productive, resentful rather than ambitious.

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AnarchoCowboy Back 4 Now
06/08/18 3:50 pm

Labor exploitation? Do you have a specific example or did you just pull that outta your ass?

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mark4
06/14/18 3:22 am

Every one of the rich people I’ve ever known started out really poor but were determined to do better. I’m not rich, but very comfortable and I began as one of the hungry poor, doing so much better now that I feel rich. I still know a number of the very poor and it is their mindset that keeps them that way, breeding new generations who think the same, envious rather than productive, resentful rather than ambitious.

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mark4
06/14/18 3:24 am

Every one of the rich people I’ve ever known started out really poor but were determined to do better. I’m not rich, but very comfortable and I began as one of the hungry poor, doing so much better now that I feel rich. I still know a number of the very poor and it is their mindset that keeps them that way, breeding new generations who think the same, envious rather than productive, resentful rather than ambitious.

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PhxLibertarian Republic of Dave
06/09/18 8:59 pm

Tractor, this is pretty common knowledge. I just put in the first source in Google because I expected you to balk at the truth. Google it yourself or present conflicting sources.

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PhxLibertarian Republic of Dave
06/09/18 4:46 pm

Tractor. That is completely false. While there are a couple families like the Waltons who habe stayed there the bulk of the top changes regularly as companies like Google make new people wealthy, before that it was yahoo and earlier AOL, uhaul, etc. It is a misconception that there isn't significant turnover. A quick Google search results in www.cato.org/blog/high-turnover-among-americas-rich. And while this represents earnings rather than wealth, here are some interesting excerpts:

Over 50% of Americans will be in the top 10% of earners for at least one year of their working lives.

Over 11% will be part of the top 1%.

94% of those who make the top 1% will only enjoy it for a single year.

Approximately 99% will lose their top 1% status within a decade.

There is more. It is worth a read.

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STONEYTJONES Indiana
06/11/18 8:46 pm

I didn’t get any breaks, I worked my ass off to get where I am.

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mark4
06/14/18 3:34 am

People do not take low wages because someone forces them to. They do so because it’s better than the alternatives. I did, beginning work at age 7 for 25 cents per hour, working 8 to 10 hour days in filthy conditions, and so I repeat.

Every one of the rich people I’ve ever known started out really poor but were determined to do better. I’m not rich, but very comfortable and I began as one of the hungry poor, doing so much better now that I feel rich. I still know a number of the very poor and it is their mindset that keeps them that way, breeding new generations who think the same, envious rather than productive, resentful rather than ambitious.

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STONEYTJONES Indiana
06/11/18 8:47 pm

Why is it you white liberals think minorities are to dumb to make it on their own without your help?

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tractorman Oklahoma
06/09/18 1:39 pm

Anarcho...yeah, tell me about the 10 year olds working in the mills, the migrant workers, the Nike kids in Indonesia working for .10 cents an hour, etc, etc. Really? A mutually agreed contract...educate yourself about labors abuse at the hands of large and small corporations 🧐🧐🤓🤓

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tractorman Oklahoma
06/10/18 2:29 pm

Your statistics are skewed because you use income rather than wealth. Your 11% who make $450,000 in a calendar year are truly movers in and out in salary but the “old money” owned in stocks, bonds, real estate, etc. is pretty much a static group because income and wealth aren’t the same. Those families get 19% of their yearly income from salary, 81% from holdings. We are doing apples and oranges..

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AnarchoCowboy Back 4 Now
06/09/18 10:40 am

No that's 4 tractor

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tractorman Oklahoma
06/08/18 9:44 am

Not pay others way, just their fair share to the society that enabled them to make this $$$ so that others can have an opportunity...

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