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


chuckle8's picture
chuckle8 3 years 15 weeks ago

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

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Tax cheats stash $2 trillion overseas!

America's biggest companies are playing by their own set of rules. According to a recent report from two major watchdog organizations, our nation's Fortune 500 companies have $2.1 trillion dollars stashed in overseas tax havens.

To put that number in perspective, it's worth noting that the entire federal budget for 2015 was only about $3.8 trillion.