@Savvyhomestead Fixed it by removing him..

@timgatewood @DemocracyMattersALot @Savvyhomestead Whole new image, perhaps?

@mivox @timgatewood @DemocracyMattersALot @Savvyhomestead
BUT even though they hold a lot of wealth they don't earn a huge amount of the earned money
The top 1% of earners couldn't even come close to paying all the bills of society

@zombywoof @mivox @DemocracyMattersALot @Savvyhomestead I'm aware of the difference between wealth and income, but it seems that the 1% of the 1% who own the vast majority of the wealth keep getting wealthier. So perhaps more of that wealth could be applied towards the needs of the people who don't have access to it. Exactly how to do that is not going to be hashed out here, but I do believe it could be done.

@timgatewood @mivox @DemocracyMattersALot @Savvyhomestead
Well there's another well known misused, misunderstood statistic for you. Individual rich people are not necessarily getting richer. If you watch the forbes 400 there's a constant turnaround there, it's not as easy as you think it is to stay at the top of the heap.
I think governments around the world are going to impose more levies on richer people but there's only so much they (the rich) can cover

@zombywoof @mivox @DemocracyMattersALot @Savvyhomestead Does this meme refer to the Forbes 400 ? No, it does not. It refers to a global 1300. And whatever sources Forbes may have, I doubt they are able to accurately track the actual wealth of those people. A few people enter or leave the 1300, but the truth of the meme remains.

@timgatewood @mivox @DemocracyMattersALot @Savvyhomestead
No, the truth of the meme is wrong. The top 1300 people cannot (even if they wanted to) solve all the world's financial problems...maybe for a day or a week (I haven't done the math lately). But as rich as you might think they are they can't afford what a lot of people think they could afford to do.

@zombywoof @timgatewood @mivox @DemocracyMattersALot @Savvyhomestead Interesting thought. Do you know of a longread in which these calculations are made clear?

@erwinrossen @timgatewood @mivox @DemocracyMattersALot @Savvyhomestead
I didn't look for somewhere where they have that all laid out, seems like an unpopular subject, people like to dish on the rich, I did the math myself a couple of times. Yes if you take all the money held by rich people and spread it around evenly people would get a little bonus but it wouldn't last very long, then sooner or later things would return to how they were before

@zombywoof @erwinrossen @mivox @DemocracyMattersALot @Savvyhomestead But no one is suggesting doing that. Thats not an actual solution. In a world in which we could #taxtherich to the degree that some suggest, we'd also have effective people-centered government that could listen and make good decisions about how best to invest and spend the wealth and income involved, as we have had in the past. The meme is not a program, just an idea to start a discussion.

@zombywoof @erwinrossen @mivox @DemocracyMattersALot @Savvyhomestead I think the other thing is the top earners in terms of income aren't necessarily the same group as the most wealthy. Wealth is assets that can at least potentially generate income. Not all assets generate income reliably and not all income (even at the 1% level) comes from assets. So, the rich who pay a large part of the taxes aren't the same as the wealthy who have tax shelters and investments and capital gains.