The World's Secret Religion

[JBen]

The top 1%, while their gross incomes, or net worth may be insane and obscene . They are also likely directly responsible for most of the jobs and ancillary wealth. Then too, they are often responsible for massive, multinational companies. Their salaries and profits ( more importantly RoC and RoI) are decided by the board. The board answers to shareholders...

There also another school of thought, that is based on data and statistics.

Ever hear the expression 20% of anglers catch 80% of the fish? Or the 80/20 rule?

While the net worth of the 1% is obscene, the wealth gap. Is widening not between the 1% and everyone else, but between the upper quintile and everyone else.

The 20% club.

https://www150.statcan.gc.ca/n1/pub/.../14194-eng.htm

if measuring income the 10% club is $90,000. If measuring net worth,

im thinking anyone sitting on a million dollar gift windfall for doing nothing, in the GTA or Vancouver are definitely part of the problem and the well off (20% club). Not to mention RSPs and Pensions aka shareholders who want RoI and RoC.....

[fishermccann]

Yes buying our home is the best investment that we ever made. Bought in 1998 for 240,000. House on our street went for 1.6 last week. 350,000 over asking. Not a bad return on investment, whlle we live in it. Gotta love capitalism. Pushed us into the 20%. I will say again that neither the wife or I ever made the sunshine list. Gee everyone seems to feel like doing the best for your family is great, unless...... But there should be a limit.

[js4fn]

What do you call a 1% er in Ontario. Net worth wise.

[greatwhite]

So people like Musk have done nothing? Pumping his own money into his projects?
Employing thousands with good paying jobs. I bet Musk has worked harder then you even would in 10 life times.

Come on man. CEO’s develop nothing. Yes let’s put a generous limit of 50 million a year as the most any human can receive in comp a year, total, no deferments, no stock options, no tax loopholes. Why would 50 million not be enough?

[fishermccann]

. Question. For the sake of discussion. If between the wife and I, we have 4 . Would my net worth be 2 , or 4 as a couple.

[js4fn]

. Question. For the sake of discussion. If between the wife and I, we have 4 . Would my net worth be 2 , or 4 as a couple.

Oh as a couple she is better off than you

[fishermccann]

So people like Musk have done nothing? Pumping his own money into his projects?
Employing thousands with good paying jobs. I bet Musk has worked harder then you even would in 10 life times.

Always are exceptions. You are talking about new money. What about the great grandkids of old money. What did they do to deserve their good and vast fortune. Nada. How about a 90% inheritance tax, for those over 100 million, with no loopholes. Would they pay their employees more, if they knew that their grandkids were not going to get the inheritance, but the government does? Sorry kids, I know that I am worth 1 billion, but your going to inherit only 100 million.

[fishermccann]

Oh as a couple she is better off than you

Have you met my wife? Cause that's what I tell her. Lol.

[JBen]

What do you call a 1% er in Ontario. Net worth wise.

Not sure if that’s tracked. But see below. Keep in mind also, the differences between median and averages.


First income.
1% $225,00 or more
5% $150,00o or more
10% $95,000 or more
20% $80,000 or more
50% $35,000 or more

Before reading some stats from Stats Can (link at the end). Do note, since the Liberals came into power (2016) everyone net worth has slowed to growth of 1.6%. Between 2012-2016 it was 3.5%.

Now think about 2020/2021.
Jobs, real estate, where they are or aren’t, some being intentionally sacrificed for everyone’s well being, but them, “too bad, so sad”, people being priced out of home ownership unless or rather those that can they take massive mortgages ( killing net worth), and some more thing that might be mentioned.

Not the least of which, is that despite knowing for a few decades the middle class was having trouble saving and in 2018 (??) the 80% club managed to save a meagre average of $800....

Interpret how you will

https://www150.statcan.gc.ca/n1/dail...01222b-eng.htm

[onelessarrow]

Why do people put so much faith in conspiracy theory websites like "Rumble"? Bias confirmation,maybe?

Partly because the true conspiracy theorists have been the alternative for a lot of the brainwashing taking place.
Trump derangement syndrome(mind control) is real and was perfectly orchestrated through propaganda on a 24 7 basis.

Rumbles just a platform, it's the content and who's delivering it that matters.
The liars are being exposed daily and it's just the beginning.

https://rumble.com/vhozgl-liberal-me...eir-words.html