View Full Version : the american dream...and a % to go with it
Hard times hit ranks of US millionaires: survey (http://story.news.yahoo.com/news?tmpl=story2&u=/afp/20030611/od_afp/us_world_millionaires_030611172033&e=3)
its an interesting article about how the net wealth of millionaires in the US has decreased.
but the REAL numbers are what impress me
they are talking about people with assets (not including real estate) of over $1M
there are currently 2,220,000 millionaires in the US
their combined worth is $7.4 trillion
do you know what that means?
it means 1 out of every 118 of us is a millionaire
consider that the next time you wonder why things don't change and why so many ppl let social and poltical problems be handled with further legislation.
Uberwonder
06-12-2003, 07:15 PM
They should share.
skalie
06-12-2003, 07:34 PM
Originally posted by MAC
it means 1 out of every 118 of us is a millionaire
How many of them live in Tyler?
SimpleSimon
06-12-2003, 09:21 PM
Originally posted by Uberwonder
They should share.
Why?
And if you mean it, why aren't YOU sharing?
I'd wager that if your personal assetts, home, business, etc, are fairly valued, you too are a millionaire.
well, skalie, funny you should ask.
smith county (the county tyler is in and NOT the county I live in) has a population of 178,000.
3,646 house holds make $100,000-$149,000
1.092 house holds make $150,000-$199,000
1,213 households make more than $200,000
yet the median income per house hold is $37,148
I'd say my guess of 1,508 millionaires is probably accurate.
the county I live in has a total pop of 37,646
the same household incomes are as follows
481
170
183
and the average household income is $32,885
my millionaire-ratio there's 319 millionaires in my county...and I don't believe that...several dozen, yes. 300+, no.
(BTW: so its worth just over $4,300/year to move to tyler. am i gettign $83/week in peace and quiet?)
3MTA3
06-13-2003, 08:23 AM
MAC, yer community is not representative of America on the whole. :(
Koliedrus
06-13-2003, 03:01 PM
His mathematical aptitude, however...
...is also not representative of America on the whole.
I know 3mta3, these ppl need to get with the program and start making real money.
which brings me back to my point, the ppl who have made something for themselves don't want the world to change because that changes up the flow of money.
Example:
If you make your money in automobile industry soon all the laws, tariffs, contracts, and cmmerce practices are established and fluctuating only for the purpose of stabilizing the industry as it exists now for those who have already succeeded. To break in you must expand what they already do, replace someone who is established or change th erules by offering new things in new ways. The latter is often incredibly regulated and frowned upon by the powers-that-be. They don't want you buying the steel they use (even if it means expanding the steel market) because you are using it to put them out of business. It never occurs to them to compete or acknowledge defeat. They feel they have paid their dues and now their children should benefit from their success. Admirable, but their children may be dolts. Now thye are dolts whose lives revolve around not blowing the money their parents made. And THAT does not involve taking that money and making a new fortune by succeeding in the open market.
The millionaires around here managed to keep out large businesses and community expansion for the first 18 years I lived here
not one new business (except some junk shops) in all my years here.
all so their oil royalties would remain solvent while the property values remained low and they could buy up what the oil company didn't already own.
anyway, I have a 118 shot at being amillionaire...assuming I want to do what it takes to acquire that wealth.
I guess it should be a thing that happens as result of doing what you want tho and not your end goal.
as for "sharing the wealth" all I ask is for fair equal taxation so that every man can spend his earnings or invest it in institutions that don't make a good profit loaning it to the fed to fund the deficit.
spending your first million on cup towels is more admirable to the market as a whole than saving it in long term funds for your grandkids, IMHO.
Let your grand kids build a cup towel factory.
Koliedrus
06-13-2003, 03:11 PM
/me looks at my timestamp ^
/me looks at MAC's
/me starts counting keystrokes...
Impressive!
the king of hunt-n-peck has just entered the building
Koliedrus
06-14-2003, 02:38 PM
And here I thought you did that in two minutes.
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