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this post was submitted on 24 Oct 2024
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politics
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I agree, the top 5% would be individuals with incomes of 290k a year and higher.
Wtf 5 out of 100 people make 200k??
I need to immigrate asap.
Cancelled by all the money spent on private services that are public elsewhere. The grass isn't greener when you look at the big picture.
Sure... half the country also makes less than 75k a year. I guess it depends on what industry you're in.
Median income is 38k (edit: around 40k depending on source) in the US, not 75k
https://smartasset.com/data-studies/top-1-percent-income-2024
First sentence.
That's the household median income
https://datacommons.org/place/country/USA?utm_medium=explore&mprop=income&popt=Person&cpv=age,Years15Onwards&hl=en#
Oh wow, that is incredibly low.
Yeah, most of the entire country is a single missed paycheck/health emergency/household crisis away from absolute destitution.
The level of cognitive dissonance in those very same people demonizing & dehumanizing houselessness-related issues is forebodingly despicable — considering they're >this< close to being "one of them". 😶🤦🏼♂️😥
Wake the fuck up, fellow citizens. You're chattel to the rich. Pawns. Playthings.
But, we outnumber them by the billions. We. Are legion.
Engineering. But I just realized the cost of living is similarly insane XD
Well this is where mean vs median becomes important...
It's also important to note than depending on how we define "income", many of the richest have no "income" or a misleading small income (Zukerburg has, like, a 1$ salary or something) because they don't their money from a wage... they get it from returns on investment. This is also why income tax is a misguided policy goal a lot of the time. We need to tax the investment income of the rich, not their salary.
But what if I become a top-5%-er?