Stop blaming the richest 1%

Imagine the top 1% paying taxes like the rest of us... that should make a bit of a difference...
Unlike the Ugland house crowd.

Also... imagine the top 1% not using their wealth and power to sway government decision making or make friends at the top...
Imagine them having to rely solely on their personality for their friends.
 
Update to my previous post, the article I could not find again is linked below:

Let me tell you the story of an “unskilled” worker in America who lived better than most of today’s college graduates. In the winter of 1965, Rob Stanley graduated from Chicago Vocational High School, on the city’s Far South Side. Pay rent, his father told him, or get out of the house. So Stanley walked over to Interlake Steel, where he was immediately hired to shovel taconite into the blast furnace on the midnight shift. It was the crummiest job in the mill, mindless grunt work, but it paid $2.32 an hour — enough for an apartment and a car. That was enough for Stanley, whose main ambition was playing football with the local sandlot all-stars, the Bonivirs.

Stanley’s wages would be the equivalent of $17.17 today — more than the “Fight For 15” movement is demanding for fast-food workers. Stanley’s job was more difficult, more dangerous and more unpleasant than working the fryer at KFC (the blast furnace could heat up to 2,000 degrees). According to the laws of the free market, though, none of that is supposed to matter. All that is supposed to matter is how many people are capable of doing your job. And anyone with two arms could shovel taconite. It required even less skill than preparing dozens of finger lickin’ good menu items, or keeping straight the orders of 10 customers waiting at the counter. Shovelers didn’t need to speak English. In the early days of the steel industry, the job was often assigned to immigrants off the boat from Poland or Bohemia.

In Nick Reding’s book “Methland,” he interviews Roland Jarvis, who earned $18 an hour throwing hocks at Iowa Ham…until 1992, when the slaughterhouse was bought out by a company that broke the union, cut wages to $6.20 an hour, and eliminated all benefits. Jarvis began taking meth so he could work extra shifts, then dealing the drug to make up for his lost income.

Would Americans kill pigs for $18 an hour? Hell, yes, they would. There would be a line from Sioux City to Dubuque for those jobs. But Big Meat’s defeat of Big Labor means it can now negotiate the lowest possible wages with the most desperate workers: usually Mexican immigrants who are willing to endure dangerous conditions for what would be considered a huge pile of money in their home country. Slaughterhouses hire immigrants not because they’re the only workers willing to kill and cut apart pigs, but because they’re the only workers willing to kill and cut apart pigs for low wages, in unsafe conditions.

Source
 
[fact]

QOTD: "The first farmers to invent the plough could feed much larger families and thus came to dominate their communities and then the planet."
Superficially, this sounds like a very plausible statement, but it is not necessarily factual. Firstly, inventions are made by a single person (a farmer) not by groups (farmers). Secondly, if the very first farmer also invented the plough and his community was his family, then the statement would be false. There exists documentary evidence of the family of a single original farmer dominating the world, but the extent of his skills is not stated directly.
 
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At bottom of http://www.moneyweb.co.za/moneyweb-soapbox/protesting-and-striking-confusing-heaven-and-hell:

Yes we all have reasons to complain and all is relative but here is another perspective: You need an annual income of $34,000 a year to be in the richest 1% of the world, according to World Bank economist Branko Milanovic's 2010 book The Haves and the Have-Nots. To be in the top half of the global population, you need to earn just $1,225 a year( probably about R12 000 today). For the top 20%, it's $5,000 per year. You enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000." (From a brilliant piece by Morgan Housel titled "50 Reasons We’re Living Through the Greatest Period in World History," in The Motley Fool.

So if you earn ~R350 000 or more a year you are a 1%er globally.

And if you earn ~R130 000 or more a year you are a 10%er globally.
 
At bottom of http://www.moneyweb.co.za/moneyweb-soapbox/protesting-and-striking-confusing-heaven-and-hell:



So if you earn ~R350 000 or more a year you are a 1%er globally.

And if you earn ~R130 000 or more a year you are a 10%er globally.

What's interesting is that earning less than R130k +/- excl. tax makes living on own improbable given rent, medical aid, transit, telecoms and food costs.. And note I said living.. not amassing assets. Sure you can cut corners with medical, rental(location vs transit vs safety/medical) etc but it ends up costing you to do so in the long run and is a risk% calculation that you do/take.

Then look at minimum wage, unskilled salaries and you understand why we have problems in SA & globally. Makes me realize why corruption I'd so high
 
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