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RE: There's this big thing

73.242.169.18

In Reply to: RE: There's this big thing posted by E-Stat on November 20, 2023 at 10:04:23

"The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP)."
And who owns those assets?
"In the second quarter of 2023, 69 percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth."
So who's gonna have to pay that money back? That would be the folks who hate paying their taxes so much that they now plan on defunding the IRS so the government can NEVER get at their money.

First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass

Edits: 11/20/23

Follow Ups:

Source? nt - Inmate51 12:04:44 11/20/23 (1)
*********

We are inclusive and diverse, but dissent will not be tolerated.
- RE: Source? nt - Ivan303 12:51:31 11/20/23 (0)
  .
  
  First they came for the dumb-asses
  And I did not speak out
  Because I was not a dumb-ass
  - Google is your friend (Open in New Window)
"Defending"? "Defunding"? (nt) - Steve O 10:38:25 11/20/23 (1)
- Of course 'defending', because the rich want to pay... - Ivan303 10:58:29 11/20/23 (0)
  their fair share!
  
  OK, maybe not.
  
  De-funding it is.
  
  First they came for the dumb-asses
  And I did not speak out
  Because I was not a dumb-ass
RE: There's this big thing - E-Stat 10:32:06 11/20/23 (7)
And who owns those assets?

That would be all 332 million citizens. Got any more questions I can answer for you?
- Only if we are a communist country... - Ivan303 11:07:06 11/20/23 (6)
  which you like to say we are at risk of becoming.
  
  But no.
  
  We DO share the liabilities though.
  
  Or maybe not. Maybe the folks with the money are more at risk than those without?
  
  First they came for the dumb-asses
  And I did not speak out
  Because I was not a dumb-ass
  - Share of Total Net Worth Held by the Top 1% (Open in New Window)
  - Don't know about you, but - E-Stat 12:03:10 11/20/23 (5)
    I think a prudent approach would be to find the revenue first - before spending enormous sums of money you don't have plus interest of course!
    - Ivan just told how at least three times - Uncle Mike 14:06:33 11/20/23 (4)
      Tax the frigging weathy and anyone with a Honda or Porsche. Triple for any household with both
      
      Edits: 11/20/23
      - I have often asked a question - E-Stat 15:49:55 11/20/23 (3)
        
        In Reply to: RE: Ivan just told how at least three times posted by Uncle Mike on November 20, 2023 at 14:06:33
        
        and never gotten a reasonable answer when unrealistic whining is set aside.
        According to the IRS, the top 10% ($152k+ earnings which is not really that high) pay about 74% of Federal taxes while the bottom 50% pay 2%. What do you think those figures should be? Note the average tax rate by groups. And compare the overall accumulated wealth figures presented by Ivan to how much each group contributes to the puppet show.
        
        Edits: 11/20/23 11/20/23
        
        RE: I have often asked a question - Uncle Mike 04:29:52 11/21/23 (2)
        
        In Reply to: RE: I have often asked a question posted by E-Stat on November 20, 2023 at 15:49:55
        
        You don't pay attention, I think your taxes should triple! Inmate51's should go up by a factor of 6.
        
        Edits: 11/21/23
        
        You're consistent with the rest! ;) - E-Stat 06:16:01 11/21/23 (1)
        
        In Reply to: RE: I have often asked a question posted by Uncle Mike on November 21, 2023 at 04:29:52
        
        Poor folks like Ivan whine about the rich without the ability to put one half of an equation to the other.
        
        Using his link, the share of total net worth by the top 1% varies from 30% to 32%. Ok. They pay 42% of federal taxes each year!
        
        Another stat he quotes is 69% of wealth is owned by the top 10%. Ok. They pay 74% of federal taxes each year!
        
        How unfair it is they are only paying more than their share! LOL!
        
        RE: You're consistent with the rest! ;) - Uncle Mike 07:34:01 11/21/23 (0)
        
        In Reply to: RE: You're consistent with the rest! ;) posted by E-Stat on November 21, 2023 at 06:16:01
        
        White privilege is great especially when you go flaunt it in everyone's face.

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