You Are Probably Richer Than You Think

Reality check: those in America who make $200k a year or more are in the TOP 3% of income earners. Did you think $200k makes you middle class? Wrong- it makes you RICH.

I think somehow most of us got it twisted and think that you have to be the ultrarich 0.001% to be rich.

No.

We hear so much *from* and *about* the ultrarich, while the truly poor are almost totally silenced, that we have completely skewed ideas about what wealth is and what poverty is. This is how even the rich are fooled into thinking they are struggling and part of the middle class.

Whereas only 3% of American households make $200k or more annually, 20% make $20k or LESS. We have a fuckload of poor people and we can’t even ACKNOWLEDGE that $200k is rich.

Quotes of the Day

“The rich, giving part of their enormous earnings [to create universities], became known as philanthropists. These educational institutions did not encourage dissent; they trained the middlemen in the American system—the teachers, doctors, lawyers, administrators, engineers, technicians, politicians—those who would be paid to keep the system going, to be loyal buffers against trouble.”

-Howard Zinn
A People’s History of the United States

“Just a reminder that the year is 2009, and white people talking to black people is still a controversial issue in the Republican party.”

Wonkette