Richest three men in USA have more wealth than the bottom 50%

samcallan wrote:

TANF and SNAP wrote:

I have seen people cite 60 million people on welfare elsewhere on the internet but haven’t seen a break down of what type of assistance is included in 60 million number. (it is especially unclear since there is no US government program called “welfare”). The program that looks the most like welfare, TANF, only goes to around 1.1 million families. 40 million people receive SNAP (food stamps). Another 10 million receive disability insurance under SSI because they are disabled or spouse of a disabled person.

But at end of day you are right: tens of millions of Americans (between 50 and 60 million) receive gov’t assistance to survive.

And likely 90% of that number are people receiving social security checks after they retire and that is their own money being given back to them for all practical purposes.

track chick wrote:

Heard this statistic on the radio the other day. Shocking if true. Just thought it was interesting. Maybe not true now due to fluctuations...

XY wrote:

When you are young and healthy, you are a health span billionaire. Gates or Buffet would gladly exchange all of their wealth to be 20 again.

Just Another Hobby Jogger wrote:

XY wrote:

When you are young and healthy, you are a health span billionaire. Gates or Buffet would gladly exchange all of their wealth to be 20 again.

Buffet is 92 and looks like he is in pretty good shape. He probably has done better in the health department than most people. I don't think he is jealous of others' health.

Moo G wrote:

Only 60% of US population pay income tax. This should come as no surprise. We have a huge chunk of population living off other people's work.

a proud communist wrote:

Juv wrote:

Who cares. They are mutually exclusive events. Those guys aren't rich because they made everyone else poor.

Yes they did, profit is just another word for stealing the surplus value created by the workers.

a proud communist wrote:

Juv wrote:

Who cares. They are mutually exclusive events. Those guys aren't rich because they made everyone else poor.

Yes they did, profit is just another word for stealing the surplus value created by the workers.

XY wrote:

Just Another Hobby Jogger wrote:

Buffet is 92 and looks like he is in pretty good shape. He probably has done better in the health department than most people. I don't think he is jealous of others' health.

Denial isn't just a river in Egypt....

Moo G wrote:

Only 60% of US population pay income tax. This should come as no surprise. We have a huge chunk of population living off other people's work.

huhuh wrote:

XY wrote:

Denial isn't just a river in Egypt....

Denial is you. Buffett eats carbs like burgers and fries and enjoys even refined sugar with a quarter of his daily calories coming from Coke. You don’t seem to want to accept that his shîtty diet works for him just like your shîtty diet does for you, but science doesn’t support either diet as being the healthiest recommendation for the general population.

XY wrote:

huhuh wrote:

Denial is you. Buffett eats carbs like burgers and fries and enjoys even refined sugar with a quarter of his daily calories coming from Coke. You don’t seem to want to accept that his shîtty diet works for him just like your shîtty diet does for you, but science doesn’t support either diet as being the healthiest recommendation for the general population.

You seem very disgruntled about what people who are more successful than you are eating.

huhuh wrote:

XY wrote:

You seem very disgruntled about what people who are more successful than you are eating.

You seem to make random assumptions.

Dollar Store Joel Osteen wrote:

Moo G wrote:

Only 60% of US population pay income tax. This should come as no surprise. We have a huge chunk of population living off other people's work.

I don't know the numbers but probably 40% of the US population are under 14 or over 65.

Deepthinker wrote:

OLD SMTC SOB wrote:

No one is putting a gun to the workers head here in the USA. Aren't happy with your standard of living? Go get a higher paying job. Better yet, get some education that increases the probability you will be successful. But don't take out any loans, stick to a CC if possible or go into a recession proof trade. My father-in-law was a plumber, not even a HS graduate. Put three kids through college, paid off his house and lived a happy, productive life with plenty of cash in the bank.

Your father in law was able to do that but that was long time ago. Today, the same path would probably impossible. Just alone "3 kids through college". How much was it then, how much is that now?