Thom Some weeks ago, you mused about how many people earn a million or more. You guessed at least 10,000, I believe. Well, there are at least 10,000 Listed Stock Companies, each having a CEO, COO, CFO and other Officers who earn an Average of about 3 Million per year. That would make at least 50,000 more than a million recipients. Throw in actors, performers and athletes, plus they who were born with the proverbial silver spoon and you get at least 100,000. If you just consider the "1%", that would be 3 million persons.

Just considering the Corporate Officers, if we could somehow limit there Largesse to 1 million, that would make 100 Billion Dollars available to those less fortunate (not in the Old Boy loop) American families; or $1000 per family, the spending of which would generate many more jobs than the fat cats who just sit on it. After all, that Largesse doesn't just appear out of thin air, the American people paid for it in the purchase of their products and services. kww

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chuckle8's picture
chuckle8 2 years 17 weeks ago
#1

The 1% income level is 343,000 (as I remember it). So the number is less than 3 miilion.

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Who Should an Economy Serve?

The top one percent own half of all the world's assets. In stark contrast, the bottom fifty percent of the world owns less than one percent. According to the 2014 Global Wealth Report from Credit Suisse, global inequality has surged since the 2008 financial collapse. The report explains that while global wealth has more than doubled since the year 2000, the vast majority of overall growth has gone to those who were already wealthy.