http://blogs.wsj.com/economics/2011/10/ ... t-are-you/
That 1% is looking pretty damned elusive!


I look at them more as the crabs that pull the other crabs, that are trying to climb out of the basket, back into the basket. In a lot of cases they wasted a lot of money on college degrees with no practical application in the world other than academia. Exactly how many jobs are there for people with English or Literature degrees? Yet it seems every month VDOT is advertising for civil engineers. Where we have gone wrong in educating these idiots is the mantra of every kid needs to go to college. This country will always need people capable of doing manual labor, driving trucks, farmers, machinists and so many more jobs. I know here in Virginia there are plenty of warehouse/distribution jobs and they pay pretty decent wages. Then again that would require work and possibly even sweating.dorminWS wrote:I'm not in the top 1%. If I was, I wouldn't apologize for (1) being there, or (2) wanting to keep what was mine. Natural tendencies of us highly-evolved monkeys. At least we (most of us, at least) have evolved past throwing monkeycrap at the monkeys below us who are trying to climb - - well, except for our tax system and the OWS folks (and the OWS folks throw monkeycrap both up and down the tree - - and a mile in every direction), that is. We are what we are. Can't help it. Don't want to.
Spot onSHMIV wrote:I'm at the bottom 17%. That said, I own my car out right. I own my shelter outright. I have 3 monthly bills: phone, lot rent, and car insurance.
Some would look at my lifestyle and say that I am poverty stricken. Myself, I say that I am blessed. All of my basic needs are met, and I include gun and ammo in the list of basic needs.
I can even afford some luxuries. My car is a luxury. My cigarettes are a luxury. A couple times a month, I enjoy a good cigar. The other day, I enjoyed a couple of martinis. Phones are a luxury. This computer and the internet are a luxury.
I used to make a lot more money. I made a series of poor decisions, and lost everything. That is not the fault of Wall Street. As much as I loathe Obama, I cannot blame him, either. I am the only one to blame. Further, it is my fault that I dropped out of high school and failed to go to college.
I look at my more successful sister. She also keeps her bills to a minimum. She has actually managed to save money. She goes to school (and she's 30). She even takes silly classes. She goes socializing, much more than I do.
Here's my point: Your lot in life is a direct result of your decisions. I, and my sisters, grew up dirt poor. I remember living in a house with no insulation and holes in the exterior walls, when I was 3. I made some good decisions that took me far from that, and I made some bad ones that brought me closer to that point.
This is the land of opportunity. You may not become a millionaire, but if you learn to live within your means, and be content with what you have, you can certainly be comfortable and even enjoy some luxuries.

Part of the problem is it only takes into account income. Since I grew up poor, I didnt inherit anything and had to borrow a lot for school, etc. Income really is only half the story when it comes to "the rich".dorminWS wrote:I'm actually surprised to be as high as that calculator places me. Because even though I'm in a higher percentile than I expected my income to be, I certainly don't consider myself to be rich by any means. Haven't got a single hundred-dollar bill I could bring myself to burn for tinder. And I certainly can't spare any of my hard-earned income to go for higher taxes. With the possible exception of those in the TOP ONE-HALF OF ONE PERCENT, (income of 1 million dollars a year and up) I doubt anyone feels differently. Higher incomes usually mean bigger committments to meet because you incurred them to earn more income. It sure has for me. In other words, the dumb@sses in DC are going to have to quit wasteing money and forget about raising any MORE money through taxes.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Skeptic wrote: Spot on
I grew up poor, some due to bad luck my parents had, and a lot due to a series of bad choices they made after that.
I was active in protests and in liberal politics, because I was raised to be quite liberal and see things in terms of class struggle, especially by my honors teachers.
But that just simply ignores the facts. It took a while for me to "get it". We truly live in a world of miracles.
The Occupiers in Richmond say that our society has had hundreds of years to get our act together, so they need to "have a conversation" to "decide the new systems to replace this failed one".
It is sad, they see what we have gained in the past 200 years and deem it a failure. We have health measures from sanitation to thousands of wonder drugs that even most of the poor in our nation can afford. We have expanded our food production (not always for the best) and our ability to share, communicate, and to travel. Electricity. Simple things like running water , hot water on demand! I thank God for those simple things every morning.
Look at the wealth of the average American turn of the 20th century and compare it to today. We have telephones, TVs, radios, computers, mp3 players, good shoes that don't fall apart, we have refrigerators and freezers in almost every household. People have more than one or two sets of clothing Many if not most have washing machines and cars, etc. Starvation is so rare it makes the news, obesity is the biggest health problem for the poor (perhaps second after smoking)
How did this wealth spread? Was it through redistribution? Did we storm the mansions of the rich and cast down the walls of the nobility and shoot the idle elite in their county manors and take their stuff?
No, it was through INDUSTRY. We made MORE stuff. and BETTER stuff. and NEW stuff.
As I said, it is sad, they live in a world of miracles and they see it as a failure. Somehow all these riches are not enough because someone else has more.
Is this world perfect? No. Does it suck that others might have so much more than they cold ever spent. Perhaps. But I grew up poor, and now I am well into the top 20%, income wise. Where else in the world has that kind of mobility from economic classes?
The answer isn't having the government or the mob knock down the rich. It is to get the government out of the business of picking winners and losers. If they don't have the power to make and break, then they aren't worth buying.
This is also exactly the peasant mentality. It's why the communists were able to take over in Russia so easily, because of this instilled tendency of people who think like peasants. They see the economy as a fixed size pie, surely anyone with more is stealing, in their viewpoint.grumpyMSG wrote: I look at them more as the crabs that pull the other crabs, that are trying to climb out of the basket, back into the basket. .


dorminWS wrote:Trouble is, the minute the gov't subsidizes something, it draws all the drones and free riders and builds in disincentives to the type of productivity and industry that you applied to make your life productive. You'd probably have figured out some way to do it anyway. I'm not saying there shouldn't be aid for education in the "hard sciences" and other fields where graduates are actually in demand; just that we oughtn't let the US Department of Education be in charge of it because they'll screw it up and minimize the benefit from it just as sure as God made little green apples.
And you shouldn't give the government credit for all you've accomplished. They just helped you get educated. It was then up to you not to sit on your kiester and collect welfare for the next 50 years. You "done good", and it is you who deserves the credit for it; not the government.
dorminWS wrote:Trouble is, the minute the gov't subsidizes something, it draws all the drones and free riders and builds in disincentives to the type of productivity and industry that you applied to make your life productive. You'd probably have figured out some way to do it anyway. I'm not saying there shouldn't be aid for education in the "hard sciences" and other fields where graduates are actually in demand; just that we oughtn't let the US Department of Education be in charge of it because they'll screw it up and minimize the benefit from it just as sure as God made little green apples.
And you shouldn't give the government credit for all you've accomplished. They just helped you get educated. It was then up to you not to sit on your kiester and collect welfare for the next 50 years. You "done good", and it is you who deserves the credit for it; not the government.
That is where you are different from the clowns in Occupy Wallstreet, you traded your services for a paycheck and benefits. Some of them wracked up student loan debt (some of which I am sure payed for partying) and now want those of us who pay taxes to either pay their loans or roll it into the ever growing national debt. Where we have lost it is the everybody can go to college mentality. There are only so many executive positions in corporations that need the services of young college grads and there are even fewer positions for people with Literature, Human Studies and various other worthless degrees. Where the money can be made these days is in manual labor/production jobs, because so many people just aren't willing to get dirty.Kreutz wrote:I scored 89%, I'm shocked since I make less than I used to, but the 89% is cool because I also grew up poor (until my father started to clean up his act when I was 8 he frequently drank the grocery money) and had to join the Army to get out as I couldn't afford college or a car to get to a job (Long Island has abysmal public transportation), so off I went.
Thing is I have to chuckle when I see on here people keep saying "government doesn't create wealth"...well, it did in my case. I would have never been able to afford college myself (I have a serious aversion to debt).
My cousin studied auto engineering as an undergraduate, he basically lived and breathed engineering for four years.grumpyMSG wrote:That is where you are different from the clowns in Occupy Wallstreet, you traded your services for a paycheck and benefits. Some of them wracked up student loan debt (some of which I am sure payed for partying) and now want those of us who pay taxes to either pay their loans or roll it into the ever growing national debt.
Well, I'm not an exec of anything save my own 1.5 person company, but truth be told when computers replace me in 8-10 years I look FORWARD to learning a trade and working with my hands. Desk jobs are cushy but my back and neck give me chronic pain as I work seven days a week to keep the clients happy. They pay good and on time, so, I toil for 'em.Where we have lost it is the everybody can go to college mentality. There are only so many executive positions in corporations that need the services of young college grads and there are even fewer positions for people with Literature, Human Studies and various other worthless degrees. Where the money can be made these days is in manual labor/production jobs, because so many people just aren't willing to get dirty.

*************************************************************************************************************************************************************************************************Skeptic wrote:Spot onSHMIV wrote:I'm at the bottom 17%. That said, I own my car out right. I own my shelter outright. I have 3 monthly bills: phone, lot rent, and car insurance.
Some would look at my lifestyle and say that I am poverty stricken. Myself, I say that I am blessed. All of my basic needs are met, and I include gun and ammo in the list of basic needs.
I can even afford some luxuries. My car is a luxury. My cigarettes are a luxury. A couple times a month, I enjoy a good cigar. The other day, I enjoyed a couple of martinis. Phones are a luxury. This computer and the internet are a luxury.
I used to make a lot more money. I made a series of poor decisions, and lost everything. That is not the fault of Wall Street. As much as I loathe Obama, I cannot blame him, either. I am the only one to blame. Further, it is my fault that I dropped out of high school and failed to go to college.
I look at my more successful sister. She also keeps her bills to a minimum. She has actually managed to save money. She goes to school (and she's 30). She even takes silly classes. She goes socializing, much more than I do.
Here's my point: Your lot in life is a direct result of your decisions. I, and my sisters, grew up dirt poor. I remember living in a house with no insulation and holes in the exterior walls, when I was 3. I made some good decisions that took me far from that, and I made some bad ones that brought me closer to that point.
This is the land of opportunity. You may not become a millionaire, but if you learn to live within your means, and be content with what you have, you can certainly be comfortable and even enjoy some luxuries.
I grew up poor, some due to bad luck my parents had, and a lot due to a series of bad choices they made after that.
I was active in protests and in liberal politics, because I was raised to be quite liberal and see things in terms of class struggle, especially by my honors teachers.
But that just simply ignores the facts. It took a while for me to "get it". We truly live in a world of miracles.
The Occupiers in Richmond say that our society has had hundreds of years to get our act together, so they need to "have a conversation" to "decide the new systems to replace this failed one".
It is sad, they see what we have gained in the past 200 years and deem it a failure. We have health measures from sanitation to thousands of wonder drugs that even most of the poor in our nation can afford. We have expanded our food production (not always for the best) and our ability to share, communicate, and to travel. Electricity. Simple things like running water , hot water on demand! I thank God for those simple things every morning.
Look at the wealth of the average American turn of the 20th century and compare it to today. We have telephones, TVs, radios, computers, mp3 players, good shoes that don't fall apart, we have refrigerators and freezers in almost every household. People have more than one or two sets of clothing Many if not most have washing machines and cars, etc. Starvation is so rare it makes the news, obesity is the biggest health problem for the poor (perhaps second after smoking)
How did this wealth spread? Was it through redistribution? Did we storm the mansions of the rich and cast down the walls of the nobility and shoot the idle elite in their county manors and take their stuff?
No, it was through INDUSTRY. We made MORE stuff. and BETTER stuff. and NEW stuff.
As I said, it is sad, they live in a world of miracles and they see it as a failure. Somehow all these riches are not enough because someone else has more.
Is this world perfect? No. Does it suck that others might have so much more than they cold ever spent. Perhaps. But I grew up poor, and now I am well into the top 20%, income wise. Where else in the world has that kind of mobility from economic classes?
The answer isn't having the government or the mob knock down the rich. It is to get the government out of the business of picking winners and losers. If they don't have the power to make and break, then they aren't worth buying.

I believe that to be a large portion of the problem. Sure, it's possible that I could work really hard, and apply myself, and be the CEO of the most profitable company in the world. It's also possible that I could get invited on the next shuttle flight to the moon when I go to church tomorrow. But, while these things are possible, are they probable? Nope. They are not. But, that distinction was never made.gatlingun6 wrote:
Then there is that other America. The one where we tell every kid, If you work hard enough and apply yourself, you can be whatever you want.