Guess what a member of the 1% club did?

[bodecea]

The Clinton's are millionaires. That places them in the top 1%..
Tough shit ED....Facts kick the shit out of liberal spin....AGAIN!

Being a millionaire does not make one in the top 1%...what a Fail you are.

Yes it does. Case closed. You fail.

No it does not.

Millionaire - Wikipedia, the free encyclopedia

Fail again, spoonie.

 

[Lakhota]

Can anyone provide a "definitive" source for what income level constitutes the 1%? I'm serious. I've seen different sources ranging from around $350k to $11 million - per year.

 

[thereisnospoon]

Prove your claim with facts

You got to be joking you think they would have hired her without her daddy?

Chelsea Clinton, daughter of former President Bill Clinton and current Secretary of State Hillary Clinton, has accepted a position with NBC News. Chelsea will appear on "NBC Nightly News" with Brian Williams reporting on air for their "Making A Difference" segment.

Chelsea Clinton To Sign On With 'NBC Nightly News'

Hell even in the news report they had to mention her mother father so that people would know who they were talking about.

Stop stalking Chelsea Clinton. You people are fucking sick.

Umm She's 31 fully achieved adulthood and the daughter of a former president and current Sec'y of State. She has elected to enter the world of electronic media.
All three issues make her fair game.
If you don't like it, write her a letter telling her that you think she's being stalked.
Otherwise, this is the real world. Tough shit.

 

[edthecynic]

Can anyone provide a "definitive" source for what income level constitutes the 1%? I'm serious. I've seen difference sources ranging from around $350k to $11 million - per year.

Who belongs to the ruling class is not based on income.

Full text of "Americas 60 Families"

[ame]http://www.amazon.com/Rich-Super-Rich-Study-Power-Money/dp/0818400692[/ame]
The Rich and the Super-Rich: A Study in the Power of Money Today



Book Description

Publication Date: June 1968
Thirty years ago, a bombshell of a book appeared which told the story of the lords of wealth and their glittering clans. It was called America's Sixty Families. It rocked the nation and became a classic. Lundberg showed how America was ruled by a plutocracy of inherited wealth, even under the New Deal. At the time he could only provide a sampling of the economic and political patterns of those families, which, for one reason or another, had come under public scrutiny. In addition to the Sixty Families he dealt with in depth he was able to outline the probable holdings of a few hundred other families. Where are they today - those Sixty Families? What ravages of time, death and taxes worked on the mighty fortunes of yesteryear? Is the "Welfare State" robbing them of the opulence they knew in the good old days?... Lundberg shows that there are 200,000 very wealthy individuals in the United states. Most of them are of some 500 super-millionaire families. Examples are 250 Du Ponts, 73 Rockefellers. Some 61% of the 200,000 inherited their wealth. These families are far wealthier than ever before.... These families have all the old levers of power and pelf plus a whole host of new ones created for them during the intervening decades by the politicians, lawyers and judges who serve them.

 

[bodecea]

Can anyone provide a "definitive" source for what income level constitutes the 1%? I'm serious. I've seen different sources ranging from around $350k to $11 million - per year.

Well, despite what one poster insists....it's not 1 million....7% of American households are millionaire households.

Last I checked....7% is not 1%

 

[Lakhota]

Can anyone provide a "definitive" source for what income level constitutes the 1%? I'm serious. I've seen difference sources ranging from around $350k to $11 million - per year.

Who belongs to the ruling class is not based on income.

Full text of "Americas 60 Families"

Yeah, like I'm going to read all that.

 

[Lakhota]

So, can we clarify this: Is top 1% based on yearly income or wealth? When Congress/Obama talk about the top 1%, what income level are they referring to? Or, are there TWO categories of 1%: One for income and another for wealth? I guess I would prefer to be in the top 1% of wealth as opposed to income if I had to make a choice.

 

[edthecynic]

Can anyone provide a "definitive" source for what income level constitutes the 1%? I'm serious. I've seen difference sources ranging from around $350k to $11 million - per year.

Who belongs to the ruling class is not based on income.

Full text of "Americas 60 Families"

Yeah, like I'm going to read all that.

You are, of course, free to remain ignorant if you so choose, but the info is there in those two landmark books if you want it. The ruling class are counting on your continued ignorance.

 

[Jebril]

If she wasn't Bill Clinton's daughter the probability she was going to get hired would've drastically went down, even if she was rich or some other crap. Cuz the media also likes notable people or 'attractive' people.

She's not at all attractive. Fuck TV, that's all I gotta say anyway, it's a big family run industry to me, where poor people get to watch rich people play make believe with rich people telling poor people to buy their crap every 10 to 15 minutes.

 

[edthecynic]

So, can we clarify this: Is top 1% based on yearly income or wealth? When Congress/Obama talk about the top 1%, what income level are they referring to? Or, are there TWO categories of 1%: One for income and another for wealth? I guess I would prefer to be in the top 1% of wealth as opposed to income if I had to make a choice.

It is more than just wealth, it is the POWER that the wealthy have over the politicians, the media and the industries of this country.

 

[Lakhota]

So, can we clarify this: Is top 1% based on yearly income or wealth? When Congress/Obama talk about the top 1%, what income level are they referring to? Or, are there TWO categories of 1%: One for income and another for wealth? I guess I would prefer to be in the top 1% of wealth as opposed to income if I had to make a choice.

It is more than just wealth, it is the POWER that the wealthy have over the politicians, the media and the industries of this country.

Okay, fine, but what criteria are used by Congress and Obama to define the top 1%? As in DOLLARS...

 

[edthecynic]

So, can we clarify this: Is top 1% based on yearly income or wealth? When Congress/Obama talk about the top 1%, what income level are they referring to? Or, are there TWO categories of 1%: One for income and another for wealth? I guess I would prefer to be in the top 1% of wealth as opposed to income if I had to make a choice.

It is more than just wealth, it is the POWER that the wealthy have over the politicians, the media and the industries of this country.

Okay, fine, but what criteria are used by Congress and Obama to define the top 1%? As in DOLLARS...

The 1% is an arbitrary number that simply signifies a small group that holds the reins of power, it is not an exact number. If you want a magic number to hang your hat on it would be the 60 families.

 

[Care4all]

$344k is the beginning of the top 1%, 50% of the top 1% make less than 999,000 a year....

the median worker in this country in 2008 made 33k gross a year, about 19k a year adjusted income. it would take the median average american 10.9 years to make the 344k of the entering level of the top 1%.

But most all earners making less than a million, are workers like you and me.....they have to work.

The figure that should be used when describing the wealthiest, should be the top 1/10 of the 1%.....people making the $250 million to a billion a year who only pay 18% on average in income taxes while the guy making 350k averages 24% in fed income taxes!

 

[Lakhota]

It is more than just wealth, it is the POWER that the wealthy have over the politicians, the media and the industries of this country.

Okay, fine, but what criteria are used by Congress and Obama to define the top 1%? As in DOLLARS...

The 1% is an arbitrary number that simply signifies a small group that holds the reins of power, it is not an exact number. If you want a magic number to hang your hat on it would be the 60 families.

That makes no sense to me. Therefore, I must logically conclude that when Congress and Obama are discussing the top 1% of income earners for revenue purposes, they are talking about a defined dollar amount of taxable income - which would vary by individual based on their specific adjusted gross income. This is quantifiable - wealth and ruling class are qualitative.

 

[edthecynic]

Okay, fine, but what criteria are used by Congress and Obama to define the top 1%? As in DOLLARS...

The 1% is an arbitrary number that simply signifies a small group that holds the reins of power, it is not an exact number. If you want a magic number to hang your hat on it would be the 60 families.

That makes no sense to me. Therefore, I must logically conclude that when Congress and Obama are discussing the top 1% of income earners for revenue purposes, they are talking about a defined dollar amount of taxable income - which would vary by individual based on their specific adjusted gross income. This is quantifiable - wealth and ruling class are qualitative.

What Congress talks about for revenue purposes and what OWS talks about regarding power are two different things.

 

[Lakhota]

The 1% is an arbitrary number that simply signifies a small group that holds the reins of power, it is not an exact number. If you want a magic number to hang your hat on it would be the 60 families.

That makes no sense to me. Therefore, I must logically conclude that when Congress and Obama are discussing the top 1% of income earners for revenue purposes, they are talking about a defined dollar amount of taxable income - which would vary by individual based on their specific adjusted gross income. This is quantifiable - wealth and ruling class are qualitative.

What Congress talks about for revenue purposes and what OWS talks about regarding power are two different things.

Fine, just tell us what Congress is talking about for tax revenue purposes.

 

[Lakhota]

Top 1 Percent: How Much Do They Earn? | Bankrate.com

 

[Lakhota]

Who Rules America: Wealth, Income, and Power

 

[Wicked Jester]

Can anyone provide a "definitive" source for what income level constitutes the 1%? I'm serious. I've seen different sources ranging from around $350k to $11 million - per year.

Well, despite what one poster insists....it's not 1 million....7% of American households are millionaire households.

Last I checked....7% is not 1%

The top 1% AVERAGE a positive adjusted gross income of around 1.3 to 1.4 million per year, as of 2009

William Jethro and Ham Hips are members of the 1%

The IRS gives ya' all the info you need.....It's not my job to educate ya'...Do it for yourself, Clyde.

The problem with you people, is that you you confuse the top 1% with the top 0.1%.

Dumbasses.

 

[Lakhota]

0.1% is 10% of 1%. That ain't difficult...