Moo Pig Wisdom is a brilliant combination of Antiquity and Prequel Modern Flea Market. We respectfully ask you to mind your children while here.

Wednesday, November 13, 2013

MooPig Trend Spotter :: "Who has all the Money?"

Watch and Think
youtube capture by Pat Darnell | Nov 13, 2013 | Bryan TX






TRANSCRIPT
0:00there's a chart SR recently that I can't get out of my head
0:03Harvard Business professor and economist ass more than 5,000 Americans
0:08how they thought well was distributed in the United States
0:12this is what they said they thought it was dividing the country into five rough
0:15group at the top bottom
0:17and middle 3 20 percent group they asked people
0:21how they thought the wealth in this country was divided NES them
0:25what they thought was the ideal distribution and ninety-two percent
0:29that at least nine outta 10 a.m. said it should be more like this
0:33in other words more equitable than they think it is
0:37now that fact is telling admittedly the notion that most Americans know that the
0:41system is
0:42already skewed unfairly to what's most interesting to me
0:46is the reality compared to our perception the ideal
0:50is as far removed from our perception is reality
0:54as the actual distribution is from what we think
0:57exists in this country so ignore the ideal for a moment
1:01here's what we think it is again and here
1:04is the actual distributional shockingly skewed
1:08not only to the bottom 20 percent and the next 20 percent
1:12the bottom forty percent of Americans barely have
1:16any the wealth I mean it's hard even see them on the chart
1:20but the top one percent has more of the country's wealth
1:24then nine out of 10 Americans believe the entire top 20 percent should have
1:29mind-blowing but let's look at it another way because
1:33I find this chart kinda difficult to wrap my head around instead let's reduce
1:37the 311 million Americans to
1:40just a representative 100 people make it simple
1:44here they are teachers coaches firefighters construction workers
1:49engineers doctors lawyers some investment bankers the CEO
1:53may be a celebrity culture now let's line him up according to their wealth
1:57poorest people on the left wealthiest on the right just a steady row folks based
2:02on their net worth
2:03color coding like we did before based on which 20 percent quintile they volunteer
2:09now let's reduce the total wealth the United States
2:12which was roughly fifty four trillion dollars in 2009
2:16to this symbolic pi love cash and let's distributed
2:21among our 100 Americans well appear socialism
2:25all the wealth of the country distributed equally we all know that
2:28will work
2:29we need to encourage people to work can work hard to achieve that goal American
2:33Dream and keep our country moving forward
2:36so hears that night deal
2:39we asked everyone about something like this occur
2:42this isn't to bed we've got some incentive as the wealthiest folks are
2:46now about
2:4710 to 20 times better off in the poorest Americans
2:51but hey even the poor folks aren't actually poor
2:54since the poverty line is stated almost entirely off the chart
2:58we have a super healthy middle-class with a smooth transition into wealth
3:03and yes Republicans and Democrats alike chose this curve nine out of 10 people
3:09ninety-two percent said this was a nice ideal distribution of America's wealth
3:14the let's move on this is what people think
3:18America's wealth distribution actually looks like not as equitable clearly
3:23but for me even this still looks pretty great
3:26yes the poorest 20 to 30 percent are starting to suffer quite a lot compared
3:31to the ideal
3:33in the middle class is certainly struggling more than they were
3:36while the rich in wealthier making roughly a hundred times that of the
3:40poorest Americans
3:41in about ten times that if the still healthy middle-class
3:44sadly this isn't even close to the reality
3:48here is the actual distribution of wealth in America
3:52the poorest Americans don't even register
3:56they're down to pocket change and the middle class
4:00is barely distinguishable from the poor in fact
4:03even the rich between the top 10 in 20 percentile
4:07are worse off only the top 10 percent or better off
4:10and how much better off so much better off the top
4:14to 25 percent were actually of the chart
4:17at this scale and the top one percent
4:20this can were his stack of money stretch is ten times higher than we can show
4:27here's his stack of cash re stacked all by itself
4:31this is the top one percent we've been hearing so much about
4:34so much green in his pockets that I have to give him a whole new column his own
4:39because he won't fit on my chart 1 percent of America has
4:43forty percent of all the nation's wealth
4:46the bottom eighty percent 8 out of every 10 people
4:50work a Dr these 100 only has
4:53seven-percent between them in this
4:56only gotten worse in the last twenty to thirty years
4:59while the richest 1 percent take home almost a quarter
5:03the national income today in 1976
5:06they took home only nine percent meaning their share of income has nearly tripled
5:10in the last thirty years
5:13the top one percent own half the country stocks bonds and mutual funds
5:18the bottom 50 percent of Americans only
5:21half a percent these investments which means
5:25P aren't investing they're just scraping by I'm sure many of these wealthy people
5:29have worked very hard for their money
5:31but do you really believe that the CEO was working
5:34380 times harder his average
5:38employees not as lowest-paid employees not the janitor
5:42but the average earner in his company the average worker needs to work more
5:46than a month
5:47turn with the CEO makes in one our
5:51we certainly don't have to go all the way to socialism to find something that
5:55is fair
5:56for hard-working Americans we don't even have to achieve what most of us consider
6:00might be
6:01ideal all we need to do is wake up
6:04in reliance that the reality in this country
6:08is not it all what we think it is
6:11gone

No comments:

Blog Archive

SUNDAY :: bishop FM 105.9 Auckland



[Go To SOURCE]

Gary Grainger LIVE BluesShow from Auckland, 6 to 8PM LondonTime .... you listen too.

DISCLAIMER

: It is PROHIBITED by law to use our service or the information it provides to make decisions about consumer credit, employment, insurance, tenant screening, or for any other purpose subject to the Fair Credit Reporting Act, 15 USC 1681 et seq. MooPig Wisdom does not provide consumer reports and is not a consumer reporting agency. The information available on our website may not be 100% accurate, complete, or up to date, so do not use this information as a substitute for your own due diligence, especially if you have concerns about a person’s criminal history. MooPig Wisdom does not make any representation or warranty about the accuracy of the information available through our website or about the character or integrity of the person about whom you inquire. So dip your balls in turpentine and get rid of your own fleas before calling me out.

Ask Someone Who Cares -- SUCH AS SUCH MULCH

To report any abusive, obscene, defamatory, racist,
homophobic or threatening comments, or anything that may violate any applicable laws, please click
--ask_someone_who cares -- ASWC to report with pertinent details.

Anyone posting such material will be immediately mesquitte blackened over a very hot pit fire down at C and J's BBQ on Harvey-Elmo-Weedon Road, and permanently removed from all servers, its IP
owner will be locked in a small room with back issues of
The ECONOMIST, and one scratchy re-mix 8-track tape of Steely Dan's first album...
IP addresses might be recorded to aid us in enforcing these conditions, that is if we cared.

A Fantastically Flawed Script for a Jazz Rock Opera -- "GAZA"

A Fantastically Flawed Script for a Jazz Rock Opera -- "GAZA"
GAZA by Pat Darnell for the Age of Attritionally Challenged

Email MooPigster Customers' Alert

http://www.youtube.com/watch?v=CywR3ouHKP4
If you receive this post via email, you notice it is mostly 'blank'.
We at MooPig Surmise, that at this point, one either says:
"WOW, I'm off the hook, and don't have to pay any attention to that pesky MooPig STUFF!!"
-- OR --
"Hey, where is it ...?"
The answer is: "IT IS A youTUBE presentation"... and you will now click on the http above to go see this modern miracle of technology.

MooPig Wisdom is Your Life-Line to Parody:
24\7 -- We accept all Calls from Contestants

MPW Unique Value Proposition, UVP
Shards of Evidence ... Opinion and Editorial ... We Blunderbuss indigestible Ersatz of Readers' and Writers' ... Explain Strategies of quasi-firms... and some not so quasi ... 110% Proof
One Only
Advertisement Only One
Publisher of Satire ... Enemy to Bombast ... Very Swank ... More Fun to Write than to Read

MooPig Wisdom is online to provide spring board for writers.
MooPig is the Writers' Writer that encourages voice, content, and style. PD

Bill Gaines said it

Bill Gaines said it
"My staff and contributors create the magazine," declared Gaines. "What I create is the atmosphere."