Skip to content




Where True Wealth Resides

Statistics are always fun for politicians because they can be manipulated to seemingly portray the message that they would like to relay to the broader public.  The message or prolific meme of the election cycle and “Occupy Wall Street” movement was the “The Top 1% are grossly overpaid and should share more the burden”.  Dig into the statistics a little bit and the message is quite different.

The income of the top 1% is stagnant in comparison to the top .1% and .01%:

Screen Shot 2014-03-29 at 9.23.25 PM

The share of wealth of the top 1% could even be called stagnant compared to the super rich:

houseofdebt_SaezZucman21

In the statistics, the averages of the 1% are skewed by the outlier readings of the .01%.  Buffett will continue to state that taxes on the top 1% should be raised, because they will not impact him because he doesn’t take a salary – he just rides his increase in wealth through increase share price of his stock ownership.  The only political fix to the quadrupling of wealth ownership of the top .01% is to place a small tax on total wealth (above a high hurdle) which would reduce the amount of tax evasion achieved by the top .01% by owning companies and lowering their amount of wealth treated as taxable “income”.

Article: Atlantic

Be Sociable, Share!

Posted in Economics, Politics.


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.



Get Adobe Flash player
Copyright © 2009-2013 SurlyTrader DISCLAIMER The commentary on this blog is not meant to be taken as an investment advice. The author is not a registered investment adviser. There is no substitute for your own due diligence. Please be aware that investing is inherently a risky business and if you chose to follow any of the advice on this site, then you are accepting the risks associated with that investment. The Author may have also taken positions in the stocks or investments that are being discussed and the author may change his position at any time without warning.

Yellow Pages for USA and Canada SurlyTrader - Blogged

ypblogs.com