Does 1% of Americans Control 95% Of The Wealth?
By bziebarth
@bziebarth (228)
United States
September 25, 2009 6:34pm CST
Michael Moore is back in the news and on the interview circuit. Michael Moore is promoting his current movie, Capitolism: A Love Story. One statement that Michael Moore has made is that "top 1% of Americans control more wealth than the other 95%". Do you believe this statement?
It was too large for here, so I posted some facts about American wealth at http://government.brucesmoneyrants.com.
1 person likes this
5 responses
@lelin1123 (15595)
• Puerto Rico
26 Sep 09
I truly believe what Michael Moore says in this movie. Its not right especially that people who make over 110 thousand a year don't pay into Social Security where we put 7% of our pay into SS. Its just not fair. Just like government officials don't have to worry about health care when they retire. Everything is paid for and they keep there paychecks when they retire. Something is wrong with this picture.
@lelin1123 (15595)
• Puerto Rico
26 Sep 09
I brought up the Social Security statement because Michael Moore was talking about it on "The View" today. Which I didn't know about and it surprised me. I have worked for 32 years of my life and now can't seem to find a job that pays good. I have worked making from 10.00 an hour up to 21 dollars an hours. I would be making upwards of $60,000 at this time if I had not lost my job at the World Trade Center due to 9/11, and yes I'm a survivor of 9/11. I'm not looking for a hand out and never have. I just think what Michael Moore says is alot of common sense and the truth for the most part.
@agmp26 (21)
• Philippines
28 Sep 09
Yes, that's true! Everywhere we go, the pyramid graph always exists when it comes to determining how many are super wealthy and how many belong to a certain social status. 1% of those Americans or any race is at the tip of the pyramid, meaning, they're on top, being described the super wealthy citizens. We can not avoid that. And we can do nothing about them. They're powerful because they have all the means.
@Netsbridge (3253)
• United States
25 Sep 09
I will not be surprised, though I have no problem with anyone being very wealthy. My only problem is when people are suppressed and prevented with unnecessary redtapes from also climbing the ladder of success.
@bziebarth (228)
• United States
26 Sep 09
I completely agree, everyone should have the chance to better themselves through their own choices. That is why people like Michael Moore are so dangerous. They are high wage earners telling the rest of us that we cannot make it and we should bring down those who do. Every failing that has been attributed to Capitolism actually failed because of government interference in the system.
@clorissa123 (4926)
• United States
26 Sep 09
Well, I definitely believe that statement is a truth, and I have no doubt about it. Less American holding the wealth and they control most of our economy that is for sure. More and more of us just work for them, and buying their products to make them more rich, and richer.
@thea09 (18305)
• Greece
26 Sep 09
Hi bziebarth, I'm not American but have caught a few of the documentaries by Michael Moore and in fact posted a discussion about him the other day and would be delighted if you all came along to pass on your opinions.
I would very much like to see the latest but no doubt will have to wait until someone uploads it onto Youtube for us viewers in foreign parts. I'd like to hear his arguements before drawing a conclusion but can't help wondering where the other 4% has gone.
