IlarMeilyr
Liability Reincarnate!
- Feb 18, 2013
- 11,059
- 2,055
President Obama's not even in the 1% ballpark..
He is a multi-millionaire. What is the alleged "standard" these days for being in the so-called 1%?
I'd say it starts at around a billion or so.
Obama's worth around 10 million.
Well, that's silly.
We have a population of roughly 350 million.
The top 1 per cent of which comes to 3.5 million.
We don't have millions of billionaires.
As I recall, the top 10% of the U.S. population in terms of wealth has a median net worth of something around $5 million. So OF the top 10% half (or 5% of the total U.S. population) have MORE than a 5 million dollar net worth.
I believe (subject to verification) that having a net worth of over 11 million dollars places one NOT just in the top 5% but in the top 1%.
SOME of that 1% class do constitute billionaires. But being a billionaire is not a requirement to be a so-called 1%-er.
Obama's constant class warfare rhetoric doesn't always serve him well -- even when he does occasionally have some facts supporting his rhetoric.
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