Could you live on $471,465 per year?

[Woodznutz]

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

Such a plan would increase the money supply from current $2.4 trillion to $160 trillion. The inflation rate would be incalculable.

 

[Independent thinker]

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

What socialisists like you fail to undestand is that the pie isn't static. The pie is always growing and, in America, that means most everyone has a chance to live the American dream and become rich. The 99% of today have it much better off and have a much better standard of living than the 99% of 50 years ago, 100 years ago, and 200 years ago. We all get richer all the time. You're just jealous because someone else has more than you do.

 

[IM2]

What socialisists like you fail to undestand is that the pie isn't static. The pie is always growing and, in America, that means most everyone has a chance to live the American dream and become rich. The 99% of today have it much better off and have a much better standard of living than the 99% of 50 years ago, 100 years ago, and 200 years ago. We all get richer all the time. You're just jealous because someone else has more than you do.

I understand economics better than you ever will.

 

[MarathonMike]

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 on top of being a raging Racist and Trump Hater you are also a Communist.

 

[LeftofLeft]

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

Show US a nation where this model is successful? You won’t be able to because no nation has this level of wealth. The US does have this level of wealth because of Capitalism.

So if we adopt your bullshit redistribution of wealth, overall wealth creation will decline as will incentives to take on economic risk for reward.

Redistribution of wealth does not close the wealth gap. If I want to close the wealth gap I have, there is plenty opportunity for me to do so. Class envy will not close the wealth gap.

 

[Independent thinker]

I understand economics better than you ever will.

It's not my fault you are poor as hell. That's on you.

 

[80zephyr]

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.

What puppeteers? I am immensely better off than my parents were. They ate lard sandwiches and had one set of clothes. Most people today are much better off than any king who lived in the 1800's.

We are getting there. Relax.

 

[Orangecat]

I understand economics better than you ever will.

Trading in cans for a 40 of malt liquor isn’t an understanding of economics, kid.

 

[MarathonMike]

What puppeteers? I am immensely better off than my parents were. They ate lard sandwiches and had one set of clothes. Most people today are much better off than any king who lived in the 1800's.

We are getting there. Relax.

Leftist Democrats pretend that Americans like us are a fantasy. We grew up in poor households, parents with no net worth and became successful through hard work, good decisions and perseverance. We blow up their phony narratives so they just say "Oh bullshit, that didn't happen. YOU DIDN'T BUILD THAT."

 

[Dirk the Daring]

Wrong, it has increased since 1980 due to trickle-down economics.

Which btw, there's no such thing as.

 

[Dirk the Daring]

What socialisists like you fail to undestand is that the pie isn't static. The pie is always growing and, in America, that means most everyone has a chance to live the American dream and become rich. The 99% of today have it much better off and have a much better standard of living than the 99% of 50 years ago, 100 years ago, and 200 years ago. We all get richer all the time. You're just jealous because someone else has more than you do.

Liberals see ALL economics as 'zero sum,' where there's only SO much to be had. The 'growing pie' model is beyond their ability to comprehend, based on essentially every liberal on this board and most of if not all those I've encountered off of it.

 

[Meathead]

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.

First Year: 417K
2: 7K
3: Venezuela

 

[IM2]

Which btw, there's no such thing as.

Exactly. But that's what the right has been peddling for nearly 50 years. Tax cuts for the rich and they create jobs for others. That has been the theory

 

[IM2]

Liberals see ALL economics as 'zero sum,' where there's only SO much to be had. The 'growing pie' model is beyond their ability to comprehend, based on essentially every liberal on this board and most of if not all those I've encountered off of it.

Wrong.

 

[theHawk]

Leftist Democrats pretend that Americans like us are a fantasy. We grew up in poor households, parents with no net worth and became successful through hard work, good decisions and perseverance. We blow up their phony narratives so they just say "Oh bullshit, that didn't happen. YOU DIDN'T BUILD THAT."

Exactly.
My parents had nothing, my dad in the military enlisted. But both my parents worked hard, educated themselves, got better jobs, and ended up living very well.

 

[IM2]

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.

You live in a socialist country, Canadian. You haven't moved here yet.

In my experience of starting a business and watching it grow, wealth is created by people working together and producing products and services that people want or need. It isn't made by a single rich person. That single rich person could have the greatest product of all time, but if he or she cannot produce enough of it to meet the demand promptly, that rich person uses their money. That single rich person then needs workers, and without those workers there is nothing. Therefore, everybody SHOULD be paid the same. Now STFU.

 

[IM2]

Exactly.
My parents had nothing, my dad in the military enlisted. But both my parents worked hard, educated themselves, got better jobs, and ended up living very well.

Your parents were white during Jim Crow. They got help from the government..

 

[theHawk]

Your parents were white during Jim Crow. They got help from the government..

No help from the government at all.

 

[OODA_Loop]

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.

Its not "distributed" - its earned.

Its not a "zero sum" game like a pie

 

[candycorn]

Could you live on $471,465 per year?​

no