flacaltenn
Diamond Member
I tried to verify this class war factoid pie chart showing that the bottom 50% controls only 2.5% of the wealth in America. Spent a couple hours tracing back to dead-ends about
1) HOW was the data derived?
2) Are these 50% of individuals, families, taxfilers?
3) Does it count wealth sent back to families abroad? Money stashed abroad?
4) WHERE can one FIND this data? Who is the source?
5) What exactly did it measure? Did it count household goods, collections, heirlooms, ect?
6) Where did the DEBT figures come from? Since Wealth = Assets - Liabilities?
7) Where did they get access to individual holdings in pension funds, stocks, equities, and real estate?
8) I own 65% of my house, which people own the other 35%?
9) Can anyone find ONE major newspaper or journal that has reviewed this factoid and the analysis of where the data came from?
The ONLY place I ever disclosed to ANYONE my net worth is on the Federal Application for Student Aid (FAFSA) form.. THIS sample of the population would be extremely biased since the reporting comes predominantly from the UPPER 50%! Even my broker only has a VERBAL estimate of my "wealth".
Aren't those leftists peddling this point the least bit interested in WHERE the source of the data came from? (NO!!)
I traced the "source" back to approx here..
Wealth holdings remain unequal in good and bad times | State of Working America
NOTE ---> the SOURCE is an "UNPUBLISHED analysis of the Survey of Consumer Finances". If that passes for the smell test for you --- you MUST be a class warrior, Daily Kos dwelling leftist.
1) HOW was the data derived?
2) Are these 50% of individuals, families, taxfilers?
3) Does it count wealth sent back to families abroad? Money stashed abroad?
4) WHERE can one FIND this data? Who is the source?
5) What exactly did it measure? Did it count household goods, collections, heirlooms, ect?
6) Where did the DEBT figures come from? Since Wealth = Assets - Liabilities?
7) Where did they get access to individual holdings in pension funds, stocks, equities, and real estate?
8) I own 65% of my house, which people own the other 35%?
9) Can anyone find ONE major newspaper or journal that has reviewed this factoid and the analysis of where the data came from?
The ONLY place I ever disclosed to ANYONE my net worth is on the Federal Application for Student Aid (FAFSA) form.. THIS sample of the population would be extremely biased since the reporting comes predominantly from the UPPER 50%! Even my broker only has a VERBAL estimate of my "wealth".
Aren't those leftists peddling this point the least bit interested in WHERE the source of the data came from? (NO!!)
I traced the "source" back to approx here..
Wealth holdings remain unequal in good and bad times | State of Working America
Wolff, Edward. 2010. Unpublished analysis of the Survey of Consumer Finances (2007) & Federal Reserve Flow of Funds (2009) data prepared in 2010 for the Economic Policy Institute.
NOTE ---> the SOURCE is an "UNPUBLISHED analysis of the Survey of Consumer Finances". If that passes for the smell test for you --- you MUST be a class warrior, Daily Kos dwelling leftist.