The net worth i.e. assets less liabilities of American households..$100,000,000,000,000

[healthmyths]

Household net worth—the value of all assets such as stocks and real estate minus liabilities like mortgage and credit-card debt—rose by 1% from the previous quarter, or more than a trillion dollars, to a record $100.768 trillion, according to a report released by the Federal Reserve on Thursday.
Americans’ Wealth Surpasses $100 Trillion

Now of course we all know and it doesn't take a rocket scientist to comprehend that stupid 1%er issue!

With 115,000,000 households that means about 1 million households.

The 1 percent top-earners were in possession of about 35.5 percent of the wealth.

U.S. wealth distribution in 2017 | Statistic

So that leaves $65 trillion divided by 114 million households or: $570,175 per household.

Name another country please where this is possible.
Remember...
A study by Fidelity Investments found that 86 percent of today's millionaires are self made and did not consider themselves wealthy growing up.
Overall, the research revealed current millionaires are, on average, 61 years old with $3.05 million in assets.
How Most Millionaires Got Rich

In 1980... 4,414 taxpayers reported $1 million in gross income;
In 2016... 10,800,000...reported $1 million...
Total Population USA in 1980 was 226.5 million.
The ratio of millionaires to population: 1 millionaire for every 51,314 Americans
1980 Fast Facts - History - U.S. Census Bureau

Total Population USA in 2016 was 326.9 million.
The ratio of millionaires to population 1 Millionaire for every 30 Americans!
U.S. Population (2018) - Worldometers

So please explain to me where capitalism has failed Americans!

 

[DGS49]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

 

[healthmyths]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

As you pointed out there are two ways of defining a millionaire.
Here is a table from the IRS and see how many millionaire tax returns were filed...i.e. more than $1m taxable income... or returns in 2015 were 439,335 with incomes.
SOI Tax Stats Individual Statistical Tables by Size of Adjusted Gross Income | Internal Revenue Service
The other way by net worth i.e. all assets cumulated and then all debts, credit cards, etc. subtracted and the result is "NET Worth".
In that regard according to this source: US added 700,000 new millionaires in 2017
The U.S. now has a record of more than 11 million millionaire households... net worth Assets less debts... over $1 million...

As far as capitalism having faults... of course as you point out there are SOME... no question issues with capitalism.
But you know when you ask these 11 million millionaires what do most of them do with excess above what they need to live a life style they want, they will invariably say they
donate or set up a foundation, or do something to help others. I truly believe their motto is the Golden Rule: Do unto others as you would have others do unto you.

 

[Missouri_Mike]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

Isn't that the entire democrat mantra though? YOU are not capable of tasking care of yourself. The government must do it. Even though you could do infinately better on your own.

 

[DOTR]

Capitalism is the worst possible economic system...except for all the others. (Paraphrasing Churchill)

 

[Moonglow]

Household net worth—the value of all assets such as stocks and real estate minus liabilities like mortgage and credit-card debt—rose by 1% from the previous quarter, or more than a trillion dollars, to a record $100.768 trillion, according to a report released by the Federal Reserve on Thursday.
Americans’ Wealth Surpasses $100 Trillion

Now of course we all know and it doesn't take a rocket scientist to comprehend that stupid 1%er issue!

With 115,000,000 households that means about 1 million households.

The 1 percent top-earners were in possession of about 35.5 percent of the wealth.

U.S. wealth distribution in 2017 | Statistic

So that leaves $65 trillion divided by 114 million households or: $570,175 per household.

Name another country please where this is possible.
Remember...
A study by Fidelity Investments found that 86 percent of today's millionaires are self made and did not consider themselves wealthy growing up.
Overall, the research revealed current millionaires are, on average, 61 years old with $3.05 million in assets.
How Most Millionaires Got Rich

In 1980... 4,414 taxpayers reported $1 million in gross income;
In 2016... 10,800,000...reported $1 million...
Total Population USA in 1980 was 226.5 million.
The ratio of millionaires to population: 1 millionaire for every 51,314 Americans
1980 Fast Facts - History - U.S. Census Bureau

Total Population USA in 2016 was 326.9 million.
The ratio of millionaires to population 1 Millionaire for every 30 Americans!
U.S. Population (2018) - Worldometers

So please explain to me where capitalism has failed Americans!

Are you worth 500K?

 

[Moonglow]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

Isn't that the entire democrat mantra though? YOU are not capable of tasking care of yourself. The government must do it. Even though you could do infinately better on your own.

It is done by both parties and yer point?

 

[DOTR]

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

This is what leftists look like when hearung American success stories.

 

[Moonglow]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

You're a rich man if you have your health all others not so much.

 

[Moonglow]

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

This is what leftists look like when hearung American success stories.

View attachment 197252

She's a millionaire yet has a problem controlling her rhetoric of inanity.

 

[Rexx Taylor]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

You're a rich man if you have your health all others not so much.

i can buy a lot of female women for even one millon

 

[Moonglow]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

You're a rich man if you have your health all others not so much.

i can buy a lot of female women for even one millon

One of them there six hundred pound gals?

 

[DOTR]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

Isn't that the entire democrat mantra though? YOU are not capable of tasking care of yourself. The government must do it. Even though you could do infinately better on your own.

It is done by both parties and yer point?

His point isn’t that hard to discern. The Democrat mantra that the government is the only thing saving you from poverty is a lie.
And to that I will add that the millionaire democrat mantra that $1000 is “crumbs” is as much a lie. If it were crumbs they wouldn’t want to keep it so bad.
Hey a thousand here a thousand there...it adds up.

 

[Moonglow]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

Isn't that the entire democrat mantra though? YOU are not capable of tasking care of yourself. The government must do it. Even though you could do infinately better on your own.

It is done by both parties and yer point?

His point isn’t that hard to discern. The Democrat mantra that the government is the only thing saving you from poverty is a lie.
And to that I will add that the millionaire democrat mantra that $1000 is “crumbs” is as much a lie. If it were crumbs they wouldn’t want to keep it so bad.
Hey a thousand here a thousand there...it adds up.

What percentage did it drop you?

 

[Rexx Taylor]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

You're a rich man if you have your health all others not so much.

i can buy a lot of female women for even one millon

One of them there six hundred pound gals?

i would have to have her shipped via UPS Truck,,but my door is only 36" wide,,,what would I do?

 

[DOTR]

She will be a billionaire, on a salary of 174000 dollars, before she leaves the senate. Hey it is the first 93,000,000 that is hard right?

 

[Moonglow]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

You're a rich man if you have your health all others not so much.

i can buy a lot of female women for even one millon

One of them there six hundred pound gals?

i would have to have her shipped via UPS Truck,,but my door is only 36" wide,,,what would I do?

 

[Rexx Taylor]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

You're a rich man if you have your health all others not so much.

i can buy a lot of female women for even one millon

One of them there six hundred pound gals?

i would have to have her shipped via UPS Truck,,but my door is only 36" wide,,,what would I do?

maybe trump should by Venezuela and resell it to Guam so they will have a place to boat to when it sinks another 100 feet

 

[DOTR]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

Isn't that the entire democrat mantra though? YOU are not capable of tasking care of yourself. The government must do it. Even though you could do infinately better on your own.

It is done by both parties and yer point?

His point isn’t that hard to discern. The Democrat mantra that the government is the only thing saving you from poverty is a lie.
And to that I will add that the millionaire democrat mantra that $1000 is “crumbs” is as much a lie. If it were crumbs they wouldn’t want to keep it so bad.
Hey a thousand here a thousand there...it adds up.

What percentage did it drop you?

I dropped at 3% in tax bracket and my standard deduction doubled. Saves me many of those crumbs. Enough to support a kid in college for a semester.
Long may Mr Trump reign.

 

[Moonglow]

By "millionaires" do you mean people with at least one million per year in total income? Or people with a net worth of at least a million dollars?

The net worth estimates MUST BE skewed by grotesquely inflated real estate values in certain select areas. And we've seen how sound that is.

Capitalism has failed SOME Americans - the ones who for one reason or another don't or can't take advantage of the rampant prosperity.

And the insidious problem is that there are thousands of "leaders" out there who spend all their time trying to convince people that THEY CAN'T succeed, either because of their race, ethnicity, gender, sexual orientation, religion or general fucked-upedess. And people eat it up, because it gives them an excuse for their laziness and lack of capacity...it's NOT THEIR FAULT, you see. It's the fault of the System, the Mann, Racists, Donald Trump, or whatever.

In fact, any Leftists reading the OP are spitting mad at you and anyone like you for implying that there is a lot of prosperity in American, and all one has to do to get it is to....well, GET IT.

Isn't that the entire democrat mantra though? YOU are not capable of tasking care of yourself. The government must do it. Even though you could do infinately better on your own.

It is done by both parties and yer point?

His point isn’t that hard to discern. The Democrat mantra that the government is the only thing saving you from poverty is a lie.
And to that I will add that the millionaire democrat mantra that $1000 is “crumbs” is as much a lie. If it were crumbs they wouldn’t want to keep it so bad.
Hey a thousand here a thousand there...it adds up.

What percentage did it drop you?

I dropped at 3% in tax bracket and my standard deduction doubled. Saves me many of those crumbs. Enough to support a kid in college for a semester.
Long may Mr Trump reign.

He can only reign so long...