Are Wealthy Americans Leaving the Country?

[rickjump1 0]

http://www.conservativedailynews.com/2010/03/are-wealthy-americans-leaving-the-country/

Quote:

Liberals would love to see anyone with capitalist or free-market ideals leave, but seriously, would they really? Sure, the populist view is to hate the wealthy – go Robin Hood and such........

Do your part for global warming: ban beans and hold all popcorn farts.

[quade 4]

Are they? No. Just more Randian "Atlas Shrugged" nonsense.

As soon as they really start thinking about it, what it would really mean, most decide the US is still a pretty decent place to live.

quade -
The World's Most Boring Skydiver

[rickjump1 0]

quade

Are they? No. Just more Randian "Atlas Shrugged" nonsense.

As soon as they really start thinking about it, what it would really mean, most decide the US is still a pretty decent place to live.

I admire your strong sense of citizenship and faith in the wealthy people of America.

Do your part for global warming: ban beans and hold all popcorn farts.

[kelpdiver 2]

rickjump1

***Are they? No. Just more Randian "Atlas Shrugged" nonsense.

As soon as they really start thinking about it, what it would really mean, most decide the US is still a pretty decent place to live.

I admire your strong sense of citizenship and faith in the wealthy people of America.

no, it's about trying to figure out the alternatives. Other western powers are just as likely to tax - England and France in particular has been introducing the sort of wealth tax that Kallend always lusts for.

Developing nations are unstable - you run the chance of having all of your wealth nationalized. 30 or 50% theft is preferably to 100%. And Americans are generally free to travel virtually anywhere in the world, and with great ease. A citizen of Costa Rica - less so.

[billvon 3,116]

>Liberals would love to see anyone with capitalist or free-market ideals leave

I'm a lot more liberal than I am conservative, and I don't want to see such people leave.

[rickjump1 0]

billvon

>Liberals would love to see anyone with capitalist or free-market ideals leave

I'm a lot more liberal than I am conservative, and I don't want to see such people leave.

My favorite quote: "Have you ever gotten a job from somebody poor?"

Do your part for global warming: ban beans and hold all popcorn farts.

[rickjump1 0]

kelpdiver

******Are they? No. Just more Randian "Atlas Shrugged" nonsense.

As soon as they really start thinking about it, what it would really mean, most decide the US is still a pretty decent place to live.

I admire your strong sense of citizenship and faith in the wealthy people of America.

no, it's about trying to figure out the alternatives. Other western powers are just as likely to tax - England and France in particular has been introducing the sort of wealth tax that Kallend always lusts for.

Developing nations are unstable - you run the chance of having all of your wealth nationalized. 30 or 50% theft is preferably to 100%. And Americans are generally free to travel virtually anywhere in the world, and with great ease. A citizen of Costa Rica - less so. Alternatives? The middle class will have none. That's when things will get interesting and worse. The real wealthy can buy a country and its banks (and wait for another barack obamma).

Do your part for global warming: ban beans and hold all popcorn farts.

[wmw999 2,588]

Quote

My favorite quote: "Have you ever gotten a job from somebody poor?"

I've certainly had poor people who were customers where I worked.

Wendy P.

There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

[billvon 3,116]

>Alternatives? The middle class will have none.

Interesting statement, given that (in real dollars) they are making more money than they ever have before.

[quade 4]

billvon

>Alternatives? The middle class will have none.

Interesting statement, given that (in real dollars) they are making more money than they ever have before.

Can you clarify this? Are you saying the middle class is making more money than they ever have before?

quade -
The World's Most Boring Skydiver

[billvon 3,116]

>Can you clarify this? Are you saying the middle class is making more money than they ever have before?

Yes. Specifically the middle quintile (40-60%) is making more than they ever have before. There was a downturn during the 2008 recession - but even with that dip they are still making more than they did in the 1970's.

http://www.advisorperspectives.com/dshort/updates/Household-Income-Distribution.php

Note that all quintiles except the 4th (20-40%) have shown an increase since 1967.

[quade 4]

billvon

>Can you clarify this? Are you saying the middle class is making more money than they ever have before?

Yes. Specifically the middle quintile (40-60%) is making more than they ever have before.

In absolute dollars yes, but certainly not adjusted for inflation.
http://www.advisorperspectives.com/dshort/charts/census/household-income.html?household-incomes-mean-real.gif

quade -
The World's Most Boring Skydiver

[billvon 3,116]

>In absolute dollars yes, but certainly not adjusted for inflation.
>http://www.advisorperspectives.com/...ncomes-mean-real.gif

The graph you posted shows the middle class making more overall.

[quade 4]

How do you figure?

Other than the top two lines (the top 5% and the top quintile) every line is down from 2000.

quade -
The World's Most Boring Skydiver

[RonD1120 62]

I hear that Costa Rica and Belieze are making attractive offers to Americans. Preppers are also making plans to vacate, not just the wealthy.

Look for the shiny things of God revealed by the Holy Spirit. They only last for an instant but it is a Holy Instant. Let your soul absorb them.

[rickjump1 0]

wmw999

Quote

My favorite quote: "Have you ever gotten a job from somebody poor?"

I've certainly had poor people who were customers where I worked.

Wendy P.

Unfortunately, they were probably in no position to give anyone a job.

Do your part for global warming: ban beans and hold all popcorn farts.

[billvon 3,116]

>Other than the top two lines (the top 5% and the top quintile) every line is down from 2000.

Yes, but ON AVERAGE they are growing. They have been down recently due to the recession. Look at the chart right under that one. It is labeled "Real mean household cumulative growth." The top 5% is growing at an average rate of 1% - the middle quintile is growing by an average rate of .41%.

Then look at the chart below that. It shows losses from the peak. Losses from the peak for the top 5% are 6.1% - losses from the peak for the middle 20% are 6.8%.

I know this flies in the face of the meme that "the rich are getting richer and the middle class are getting poorer" but the facts just don't support that. Everyone except 20-40% income range is, in the long view, getting richer.

[rickjump1 0]

RonD1120

I hear that Costa Rica and Belieze are making attractive offers to Americans. Preppers are also making plans to vacate, not just the wealthy.

The smart ones already left and are in the real estate business.

Do your part for global warming: ban beans and hold all popcorn farts.

[quade 4]

But you had said,

Quote

Specifically the middle quintile (40-60%) is making more than they ever have before.

That's simply not true. They were doing better in 2000.

quade -
The World's Most Boring Skydiver

[billvon 3,116]

>That's simply not true. They were doing better in 2000.

That's like saying that the earth is cooling because the warmest year on record was 2010 and it's been getting colder ever since.

[quade 4]

billvon

>That's simply not true. They were doing better in 2000.

That's like saying that the earth is cooling because the warmest year on record was 2010 and it's been getting colder ever since.

Better than "ever" is an absolute, not a trend line. And even at that, the trend of "doing better" for the middle class is absolutely going down at this time.

Bill, you know better than this.

quade -
The World's Most Boring Skydiver

[billvon 3,116]

>And even at that, the trend of "doing better" for the middle class is absolutely going
>down at this time.

Do you think the trend for temperature is absolutely going down at this time?

[quade 4]

billvon

>And even at that, the trend of "doing better" for the middle class is absolutely going
>down at this time.

Do you think the trend for temperature is absolutely going down at this time?

Certainly not compared to 2000.

quade -
The World's Most Boring Skydiver

[billvon 3,116]

>Certainly not compared to 2000.

Once again, do you think the trend for temperature is absolutely going down at this time? Can you answer that question?

[quade 4]

billvon

>Certainly not compared to 2000.

Once again, do you think the trend for temperature is absolutely going down at this time? Can you answer that question?

Yes, I can answer that question.

The last available data from NASA has the absolute temperature up from 2011. The five year mean is ever so slightly down, but the 10 year average is up.

But don't try to weasel out of using the word "ever." It's simply not the word you should have used.

quade -
The World's Most Boring Skydiver