What is the distribution of wealth in America?
What i am asking is how much money do the rich people control?
Answer:
There is no distribution of wealth in America. Wealth is EARNED, not distributed.
.
I know I don't have enough.
Assad, they control as much as they can.
The harder and smarter you work the more you can control.
Have a dream, come to America and make it come true.
Sitting around and complaining doesn't pay well anywhere.
How is it where you are?
What difference does it make how much money the rich control? What's important is the fact that they EARNED every penny and pay the majority of the taxes in America. May Allah bless the rich!!
A lot, yours for example if you have debt. Their money is invested in banks and companies who charge you interest. They make money off of charging you money.
Using somebody elses money (mastercard's for example) is counter productive. If you want to be rich, stop paying thousands a year in Interest to the rich, live modestly, save 10% and pay cash for everything with cash, including your car. A home mortgage wont break you as it is an appreciating asset, but all other debt will keep you there... in debt to the rich.
The richest 1% has over 30 %. It has probably changed somewhat lately because of the bubble in housing prices. see more at
http://www.faireconomy.org/research/weal...
For the most part MONEY is not distributed but earned.
Very few people are rich simply by the rich family handing it down. The general millionaire is self made and usually a first generation earned.
I hold on to my money simply by NOT spending it or buy purchasing things that will make me more money such as stocks or real estate.
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Answer:
There is no distribution of wealth in America. Wealth is EARNED, not distributed.
.
I know I don't have enough.
Assad, they control as much as they can.
The harder and smarter you work the more you can control.
Have a dream, come to America and make it come true.
Sitting around and complaining doesn't pay well anywhere.
How is it where you are?
What difference does it make how much money the rich control? What's important is the fact that they EARNED every penny and pay the majority of the taxes in America. May Allah bless the rich!!
A lot, yours for example if you have debt. Their money is invested in banks and companies who charge you interest. They make money off of charging you money.
Using somebody elses money (mastercard's for example) is counter productive. If you want to be rich, stop paying thousands a year in Interest to the rich, live modestly, save 10% and pay cash for everything with cash, including your car. A home mortgage wont break you as it is an appreciating asset, but all other debt will keep you there... in debt to the rich.
The richest 1% has over 30 %. It has probably changed somewhat lately because of the bubble in housing prices. see more at
http://www.faireconomy.org/research/weal...
For the most part MONEY is not distributed but earned.
Very few people are rich simply by the rich family handing it down. The general millionaire is self made and usually a first generation earned.
I hold on to my money simply by NOT spending it or buy purchasing things that will make me more money such as stocks or real estate.
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