Income per capita vs the number of billionaires

[amurorei78]

What's the use if a country has a very high income per capita but at the same time has a great many number of billionaires. That only means that the majority are still poor because the country's income per capita is mainly contributed by the billionaires.

[Manomanman]

There are $28000 in the M2 money supply for each person.

The median per-capita income is $17000, that's before it get taxed.

After taxes, that income is somewhere around $12000 a person.

The rich people are collectively worth 40% more than you. What do you plan to do about it?

[Curtis2011]

It's not like rich = evil.

Most wealthy people are wealthy because of hard work and dedication.

[Manomanman]

Originally Posted by Curtis2011

It's not like rich = evil.

Most wealthy people are wealthy because of hard work and dedication.

And because the public education system (owned by rich people) brainwashes the masses to be subservient drones who are incapable of financially supporting themselves.

[Curtis2011]

Originally Posted by Manomanman

And because the public education system (owned by rich people) brainwashes the masses to be subservient drones who are incapable of financially supporting themselves.

I think it is more that government in general is highly inefficient and pretty braindead itself, and it funds the public school system - which is then totally subservient to the whims of hundreds of politicians, all with their own agenda.

Not to mention the saying "those who can't do, teach" - which in my experience is pretty true. A lot of incompetent or "braindead" people end up becoming the teachers who then "indoctrinate" the next generation of students with sub-par levels of education.

I guess what I'm saying is it's not "rich people" per se that are oppressing poor people. It is simply that the system is a big jumble of positive people and negative people all at the mercy of one another.

[Manomanman]

Originally Posted by Curtis2011

I think it is more that government in general is highly inefficient and pretty braindead itself, and it funds the public school system - which is then totally subservient to the whims of hundreds of politicians, all with their own agenda.

Not to mention the saying "those who can't do, teach" - which in my experience is pretty true. A lot of incompetent or "braindead" people end up becoming the teachers who then "indoctrinate" the next generation of students with sub-par levels of education.

I guess what I'm saying is it's not "rich people" per se that are oppressing poor people. It is simply that the system is a big jumble of positive people and negative people all at the mercy of one another.

Interesting reply.

At this point, we've trying to peek past the curtain of disinformation. The problem is, most of us don't know anybody in the higher echelons of the DoE, the Federal Reserve, The Masons, or any other high-level government agency.

• Ask a conspiracy theorist, and they'll tell you that the Masonic forces running the government know exactly what they're doing.
  
• Ask "joe 6 pack" and he'll tell you nothing was wrong with his edumacation.
  
• Ask a Steve Pavlina forum-goer, and they'll probably come down somewhere in the middle.

I sort of bow out at this point and simply repeat this mantra: "I teach the things they aren't teaching you."

[SnerpGoodWord]

Originally Posted by Manomanman

The rich people are collectively worth 40% more than you. What do you plan to do about it?

Take the rest of it if I can get it

[newmark]

Originally Posted by Curtis2011

It's not like rich = evil.

Most wealthy people are wealthy because of hard work and dedication.

Apart from bankers, that is. And some politicians.

[pjhaggerty]

Originally Posted by Curtis2011

I think it is more that government in general is highly inefficient and pretty braindead itself, and it funds the public school system - which is then totally subservient to the whims of hundreds of politicians, all with their own agenda.

Not to mention the saying "those who can't do, teach" - which in my experience is pretty true. A lot of incompetent or "braindead" people end up becoming the teachers who then "indoctrinate" the next generation of students with sub-par levels of education.

I guess what I'm saying is it's not "rich people" per se that are oppressing poor people. It is simply that the system is a big jumble of positive people and negative people all at the mercy of one another.

unfortunately, society needs braindead people. in fact, there is a much greater need for brain dead people than creative people, which is why the education system is set up the way it is.

the good thing is that creative people can be much better rewarded by society. unfortunately, this is hard to get to. it is easier to be brain dead than successfully creative.

[amurorei78]

I definitely think if anybody who is in the top 5% would want it to remain that way, thus the education system. It just boils down to whether are you good enough to break the 95% barrier.

[Karanime]

Y'know, I keep reading about this crap in sociology. The top 20% richest people earn 80% of the wealth.

Well freaking duh. The 20% is based on the measure of money.

That's basically saying that the people who earn the most money earn most of the money.

No. Freaking. ****.

/<3

[Mounds]

I had a friend who would get MAD over the 80/20 stat. He would say it's absolutely outrageous that 80% of the wealth is in the possession of 20% of the population. He also despised capitalism.
I laughedwhen I heard these rants. This was a prime display of the fixed pie theory. Apparently, he figured that a country had a fixed amount of money and if one person had it, another person didn't.
So to me, this kind of a stat means nothing. In fact, I find it kind of funny