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RW Meme of The Week!: OWS is Actually the 1%!!!

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Katashi_itto Donating Member (189 posts) Send PM | Profile | Ignore Mon Oct-31-11 09:27 AM
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RW Meme of The Week!: OWS is Actually the 1%!!!
This guy could be Gobbels reincarnation:


Miken96
Post #856
While the media champion the Occupy Wall Street movement as if it's the American version of the Arab Spring, they're predictably missing a crucial distinction.

As the Motley Fool reported Friday, those sleeping in tents and skipping showers in cities around the country are actually part of the world's richest one percent:

In America, the top 1% earn more than $380,000 per year. We are, however, among the richest nations on Earth. How much do you need to earn to be among the top 1% of the world?

$34,000.

That was the finding World Bank economist Branko Milanovic presented in his 2010 book The Haves and the Have-Nots. Going down the distribution ladder may be just as surprising. To be in the top half of the globe, you need to earn just $1,225 a year. For the top 20%, it's $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000.

Contrary to the current media meme, when adjusted for international dollars as well as cost and standard of living, there is far greater income inequality in Brazil, China, and India.

More importantly as it pertains to the Occupy Wall Street movement, people in the bottom five percent of income here are still richer than 68 percent of the world’s citizens.

As Motley Fool observed:

According to the U.N., "Nearly half the world's population, 2.8 billion people, earn less than $2 a day." According to the World Bank, 95% of those living in the developing world earn less than $10 a day.<...>

In short, most of those protesting in the Occupy Wall Street movement would be considered wealthy -- perhaps extraordinarily wealthy -- by much of the world. Many of those protesting the 1% are, ironically, the 1%.

ADD to this the fact that folks like Michael Moore, Al Gore, George Sorros, and a HUGE portion of Hollywood are supporting these folks are ALOS making MILLIONS each year, yet get no flak from the OWS protestors..

PROVES::::

THis is not about inequity... It is the WANTERS demanding from THOSE THAT HAVE what they did not earn.. AND a vain attempt to keep a poor performing president (that coddles the WANTERS) in power

http://www.topix.com/forum/city/alamogordo-nm/T40K9IKECH109T1N9/p43
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Maybe someone could respond to this guy and explain things.
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