Could you live on $471,465 per year?

[IM2]

People talk badly about socialism and Marxism. Most don't even know what they are. But here is a question for you:

Could you live on $471,465 per year?

If Wealth Was Evenly Distributed Across the US, How Much Money Would Every Person Have?​

According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s assets minus their liabilities.

To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.

Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.

According to Google’s Data Commons project, the U.S. is home to roughly 340.11 million people.

If they divvied up the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

MSN

 

[SassyIrishLass]

Just get a job

 

[CrusaderFrank]

People talk badly about socialism and Marxism. Most don't even know what they are. But here is a question for you:

Could you live on $471,465 per year?

If Wealth Was Evenly Distributed Across the US, How Much Money Would Every Person Have?​

According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s assets minus their liabilities.

To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.

Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.

According to Google’s Data Commons project, the U.S. is home to roughly 340.11 million people.

If they divvied up the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

MSN

So thats why Communist nations are the worlds happiest and wealthiest!

 

[SassyIrishLass]

So thats why Communist nations are the worlds happiest and wealthiest!

It's worked so well in Venezuela

 

[CrusaderFrank]

It's worked so well in Venezuela

Cuba and North Korea too!

 

[Orangecat]

If wealth was “evenly distributed” it would destroy any future wealth creation. F’n stupid, shortsighted idea by the jealous losers in society.

 

[SassyIrishLass]

If wealth was “evenly distributed” it would destroy any future wealth creation. F’n stupid, shortsighted idea by the jealous losers in society.

/Thread

 

[Darkwind]

People talk badly about socialism and Marxism. Most don't even know what they are. But here is a question for you:

Could you live on $471,465 per year?

If Wealth Was Evenly Distributed Across the US, How Much Money Would Every Person Have?​

According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s assets minus their liabilities.

To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.

Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.

According to Google’s Data Commons project, the U.S. is home to roughly 340.11 million people.

If they divvied up the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

MSN

Since wealth can only be redistributed once, your figure of 471,465 dollars is a sum total, not a yearly amount.

Two years after such an illegal and unconstitutional redistribution, those who were wealthy before the redistribution will be once again, and those who were poor will once again be poor.

However, let's talk about your debilitating envy. You clearly want others to take care of you and you don't want to do jack shit for yourself.

 

[SassyIrishLass]

Since wealth can only be redistributed once, your figure of 41,465 dollars is a sum total, not a yearly amount.

Two years after such an illegal and unconstitutional redistribution, those who were wealthy before the redistribution will be once again, and those who were poor will once again be poor.

However, let's talk about your debilitating envy. You clearly want others to take care of you and you don't want to do jack shit for yourself.

Well that reparation crap fizzed out lol

 

[22lcidw]

People talk badly about socialism and Marxism. Most don't even know what they are. But here is a question for you:

Could you live on $471,465 per year?

If Wealth Was Evenly Distributed Across the US, How Much Money Would Every Person Have?​

According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s assets minus their liabilities.

To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.

Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.

According to Google’s Data Commons project, the U.S. is home to roughly 340.11 million people.

If they divvied up the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

MSN

Progressives push this narrative. And yet most if not all of the Progressives keep what they have.

 

[Darkwind]

Well that reparation crap fizzed out lol

Thankfully.

 

[Scoutster]

Since wealth can only be redistributed once, your figure of 471,465 dollars is a sum total, not a yearly amount.

Two years after such an illegal and unconstitutional redistribution, those who were wealthy before the redistribution will be once again, and those who were poor will once again be poor.

However, let's talk about your debilitating envy. You clearly want others to take care of you and you don't want to do jack shit for yourself.

 

[IM2]

Well that reparation crap fizzed out lol

It hasn't, but this thread is not about reparations.

 

[shockedcanadian]

People talk badly about socialism and Marxism. Most don't even know what they are. But here is a question for you:

Could you live on $471,465 per year?

If Wealth Was Evenly Distributed Across the US, How Much Money Would Every Person Have?​

According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s assets minus their liabilities.

To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.

Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.

According to Google’s Data Commons project, the U.S. is home to roughly 340.11 million people.

If they divvied up the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

MSN

This is all a fallacy. Why do you think the wealth was created to begin with? The incentive and ambition of free men to create, innovate and produce profits.

If you were evenly distributing wealth they never would have built their wealth to begin with.

Furthermore, if everyone had such wealth each year, what do you think the cost of living would be? It would skyrocket immensely.

 

[hadit]

People talk badly about socialism and Marxism. Most don't even know what they are. But here is a question for you:

Could you live on $471,465 per year?

If Wealth Was Evenly Distributed Across the US, How Much Money Would Every Person Have?​

According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s assets minus their liabilities.

To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.

Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.

According to Google’s Data Commons project, the U.S. is home to roughly 340.11 million people.

If they divvied up the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

MSN

Okay, there's a major, MAJOR flaw in your reasoning. I know that everyone sees it, but because you likely don't, I'll explain what it is.

Do you not understand the difference between wealth and income? We do, but you are conflating the two. Income means how much you make over a certain time period, and that is what YOU are complaining about. Wealth, however, is what you already hold, and that is what the ARTICLE is talking about. They are two different things, and you should really be more careful to be accurate when you launch one of your screeds.

To be more accurate, you should be asking, "Can you live on $471,465 in assets?", which quite frankly, a lot of people who own a house and a few cars have.

 

[leftwinger]

U.S. households hold $160.35 trillion in combined wealth,

I will assume this value includes unrealized assets like Home Value, 401K, equities etc.

If all sold or auctioned off to "share" value would drop to nearly zero?

Get off the boards with your kumBya campfire fairy tale you dumb OX. I dont think it is possible. Who stays in $10M mansion 5000sqft and who remains in trailers?

 

[citygator]

There is definitely room between what we have today and communism. The wealthy have characterized anything the drives fairness as socialism. Unions? SOCIALISM! Worker protections? SOCIALISM!! Time off for maternity? SOCIALISM!! Minimum wages at a working wage level? SOCIALISM!! Having the wealthy pay more than their fair share to offset their more than fair wealth? SOCIALISM!!!

You knuckleheads will never free yourselves from your puppeteers.

 

[SassyIrishLass]

Okay, there's a major, MAJOR flaw in your reasoning. I know that everyone sees it, but because you likely don't, I'll explain what it is.

Do you not understand the difference between wealth and income? We do, but you are conflating the two. Income means how much you make over a certain time period, and that is what YOU are complaining about. Wealth, however, is what you already hold, and that is what the ARTICLE is talking about. They are two different things, and you should really be more careful to be accurate when you launch one of your screeds.

To be more accurate, you should be asking, "Can you live on $471,465 in assets", which quite frankly, a lot of people who own a house and a few cars have.

I'mnothin is getting an economic lesson

 

[IM2]

Since wealth can only be redistributed once, your figure of 471,465 dollars is a sum total, not a yearly amount.

Two years after such an illegal and unconstitutional redistribution, those who were wealthy before the redistribution will be once again, and those who were poor will once again be poor.

However, let's talk about your debilitating envy. You clearly want others to take care of you and you don't want to do jack shit for yourself.

No, it's a yearly amount and you apparently don't know what wealth redistribution is. Nothing you say would happen after 2 years. Stay on topic and stop making assumptions. We have taken care of whites for 249 years now, so you really need to stop.

 

[IM2]

I'mnothin is getting an economic lesson

Wrong again.