OT alternative wealth statistics

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Of which "largess and services" are the wealthy taking advantage to a higher degree than others? Most public services (police, fire protection, sanitation, etc.) are provided on a per capita basis (or close to it) and the wealthy get no more benefit than the poorest.
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forth from the murky depths:

Isn't that just a chart of those who are CURRENTLY on the unemployment payroll? After your time runs out, you may still be unemployed (for 8 months) but are no longer tracked; no longer one of their statistics.
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The article said, "not a 'Hey' to the 9 million unemployed Americans" (Molly Ivans in the WashPost yesterday). I believe she was commenting on shrub's SOTU.
But, based on my estimate that there are 150 million Americans who CAN be employed, 9 million unemployed would be around the current official unemployment rate.
So, yeah, apparently not counting those who have fallen off the rolls.
Renata
On Sun, 25 Jan 2004 06:33:43 GMT, Larry Jaques

smart, not dumb for email
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forth from the murky depths:

I'm still freaked about actually shaking my head in dismay to his statements right along with a Democrat, Sen. Kennedy, during that show.

...which might effectively raise the number by what, 50%?
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On Thu, 22 Jan 2004 16:46:09 +0000 (UTC), John McCoy

--snip--
This makes no sense. There are a lot of people that have a million bucks which would account for far more than 1% of the population.
Renata
--snip--

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wrote:

Merrill Lynch did a survey on "high net worth" individuals (it is, of course, their business to find such people & sell them services). They found there to be ~2.2 million millionaires in the US. That's considerably less than 1% of the population. I don't know if 2.2 million is a "lot of people" by your standards...
The Merrill Lynch survey is here: http://www.cgey.com/finance/pubs/WWR2003.pdf
Now, if you go by the Census Bureau numbers, which include the value of real estate (self-assessed value, at that) you come up with about 8 million millionaires, or rather less than 4% of the population (note too, that the Census Bureau would be counting 1999 wealth, in other words before the stock market declines of 2000-2002).
Of course, the number of people who claim to have a million bucks, especially in singles bars, is probably quite a bit larger.
John
(who hopes to have a million bucks, someday)
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John McCoy wrote:

I would suspect that number... First, how do they know everyone's net worth? Second, everyone owning a house around the L.A. area (for example) is already halfway or so toward becoming a millionaire just because of the real estate prices... I know, many (most) have a mortgage, etc... But having $1M to your name is not that tough to achieve nowadays...
Why, I'm well on my way just with tools alone! (had to keep on topic, sorry)
--
gabriel

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Well, they have a strong incentive to figure it out, since, as I alluded to, those people (the wealthy) are the people they intend to sell to.

If you had looked at the URL I quoted, or read upthread, you'd have seen that that number refered only to "liquid assets", that is, the 2.2 million people are those with over $1 million in cash, stocks, bonds, etc.
In the part of my post you snipped, I quoted a stat from the Census bureau indicating that about 4 times as many people are millionaires, when you include real estate.

That's true - you can take any random group of 100 people and figure there's a millionaire amoung them :-)
John
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John McCoy wrote:

I always amaze myself at the capacity I have to stick a foot in my mouth, sorry.

I always remember a quote from on of my business mentors (it kind of applies): "There's only two things a person can never hide about himself: Being poor, and being an idiot." I loved that quote because it's so true. Some people might dress to the nines have a Mercedes-Benz, but after 5 minutes of chat, you know the truth without asking a question...
Anyway, some random, Friday quote for ya...
--
gabriel

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The U.S. population is approximately 285 million; thus, 2.2 million people is about 0.77% of the population. Less than 1%, yes, but not all that much less.
-- Doug Miller (alphageek at milmac dot com)
How come we choose from just two people to run for president and 50 for Miss America?
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On Fri, 23 Jan 2004 18:09:16 +0000 (UTC), John McCoy

having a million bucks might be OK, as long as it doesn't mean I have to hang around in singles bars....
    Bridger
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What are ya telling us? These subsistance wages are what people accept. Don't like it? Don't accept it. Don't rely on someone else to take care of you financially, especially to the point of dependance on that entity(read:welfare system).There's plenty to go around if you have the gumption. Tom Someday, it'll all be over....
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On 22 Jan 2004 17:05:20 GMT, snipped-for-privacy@aol.comEDY (Tom) wrote:

hi tom.. like the signature line! sad but true it is correct. no one gets out alive and somday it will all be over. Think of the world as a rather large machine. fueled by greed it keeps chugging along year after year century after century milenium after............. untill such time as man changes his reasoning [ probly never ] the machine will keep going. the cavemen traded in whatever was available then. the kings and queens of long ago traded in what was available to them and the american settlers did the same. many of the things these people traded in are gone now. these days we trade in cold hard cash, oil, whatever. someday these will be gone too but something else will take the place of these things ect. ect. ect.... but greed will never run out so the machine keeps chugging along day after day year after year m.................................... so sit back and enjoy the show while it lasts! skeez
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Acceptable to whom? Lenin?

SNIP SOCIALIST CLAPTRAP
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says...

rebuttal of the issues.
--
Where ARE those Iraqi WMDs?

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Alright socialists... listen up, because I'm only going to say this once.
"Wealth" is not a zero sum game. The fact that someone has wealth does not mean someone else is being deprived of wealth. Until you can accept that basic fact, you will be forever trapped in your theoretical construct. Wealth is CREATED. But if you still can't accept that, try this one. Those "wealthy" families you speak of would share it with people and do so gladly... as long as the people CHOOSE to provide someone of value in exchange (such as high-end custom furniture?!).

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^^^^^^^^ Wow, what a Freudian slip!
Dennis Vogel
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Can't get you to think, either.
YOU are "the rich" to the rest of the world.
NOW how committed are you to wealth redistribution?

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says...

you're absolutely right. And all of my friends and acquaintances can testify that I've told them so many times.

blinking before they get to me, I'll go along with it.
How about you? And what's your income level? BTW, I read somewhere that the resources of the world were sufficient to maintain all of its present population at the income/wealth level of a Greek farmer. Long way from rich, but not poverty-stricken either.
Of course, the catch is that "present population" - we've got to control our growth rate.
--
Where ARE those Iraqi WMDs?

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"In Germany they came first for the Communists, and I didn't speak up because I wasn't a Communist. Then they came for the Jews, and I didn't speak up because I wasn't a Jew. Then they came for the trade unionists, and I didn't speak up because I wasn't a trade unionist. Then they came for the Catholics, and I didn't speak up because I was a Protestant. Then they came for me, and by that time no one was left to speak up." [Martin Niemoller]
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