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In reply to the discussion: Whatever happened to "the 99%"? That cuts off at 500K, no? [View all]stevenleser
(32,886 posts)12. 99% is about wealth not income, which actually strengthens your point. To be 1% is $8.4 million in
wealth.
If your income is $400,000/yr, and you save every single penny you make, you somehow dont pay anything in rent, utilities, etc for 20 years, you are right at being in the top 1% in wealth. Or at least, what 1% was 20 years ago.
The smartest thing occupy did was to focus attention on the top 1% in wealth because it is they who have unfairly made out like bandits at the expense of the rest of the 99%.
The worst thing you can do in terms of thwarting what occupy was trying to do is to sow divisions in the 99% and cause members of the lowest 99% in wealth to focus on each other rather than the 1%. That is exactly what these unthinking members of the progressive grassroots are doing by attacking the tax plan.
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oh. The cliff deal made the Bush tax cuts permanent for individual filers making $400K/yr.
limpyhobbler
Jan 2013
#31
Well, since you decided to turn a discussion into personal characterizations above...
jberryhill
Jan 2013
#29
hey! why should the republicans be the only ones who have self-destructive internal civil wars?
unblock
Jan 2013
#11
99% is about wealth not income, which actually strengthens your point. To be 1% is $8.4 million in
stevenleser
Jan 2013
#12
Except the 99% - 1% thing in Occupy was never about income, it was about wealth. nt
stevenleser
Jan 2013
#18
True, but it also assumes not needing to spend a penny ever, for 20 years. And its also about...
stevenleser
Jan 2013
#30