Well... today, You Do The Math!!

Here's the data reported in the NY Times here in mid October 2015.

Mobile site:

mobile.nytimes.com/2015/10/17/business/putting-numbers-to-a-tax-increase-for-the-rich.html?_r=1

Desktop site:

http://www.nytimes.com/2015/10/17/business/putting-numbers-to-a-tax-increase-for-the-rich.html

If you multiply the number of wage earners by the average salary, you get the total annual dollar amount in each category. Here are the results:

Top 0.1% $1,086,381,000,000

Top 1.0% $2,376,696,000,000

Top Fifth: $7,619,750,000,000

2nd Fifth: $2,920,776,000,000

3rd Fifth: $1,988,491,000,000

4th Fifth: $1,219,498,000,000

5th Fifth: $613,515,600,000

Without doing ANY math you can see that the top 1% makes less than what the second fifth brings in. Also, the top 1% makes a bit more than the 3rd fifth, 2.4 trillion versus 2 trillion. Doing a bit of math in your head you can see that the bottom two fifths make about the same as the 3rd fifth, 1.83 trillion. So, the top 1% makes a little more than the bottom 40%. That's a WHOLE lot different than the top 1% making the same amount as the bottom 90%.

If you add up the bottom four fifths, aka the bottom 80%, it is $6,742,280,600,000. This is 6.7 trillion and is obviously lower than the 7.6 trillion that the top fifth makes. Sure, that's bad, but it means that the top 20% make 4 times more money than the bottom 80% per capita. That's a far cry from what Bernie Sanders and all the Democrats and liberals claim about the top 1%.

What is interesting is that the Democrats are onto a mathematical phenomenon that they probably could never explain. Math is hard for them! If you graph salary on the Y axis and the number of people on the X axis, from 1 to 100 percent, you would see the graph shoot up quickly similar to y = x squared. Actually, it's more like y = x to the 70th power.

All that being said, the rich really ARE horrible narcissists. The 100 upper level managers at American Airlines gave themselves an average bonus of 1 million dollars each, at the end of the year, adding up to 100 million dollars. They didn't even earn this money. A retired pilot came up with an equation to save fuel during flights. The mechanics came up with a way to build nose cones for the planes, instead of buying nose cones from Boeing. Together, this saved one or two hundred million dollars a year. These workers also took a pay cut so AA could avoid bankruptcy.

Instead of spreading this money out evenly among the workers, which would come out to about $2,400 each, the managers kept it! Seriously? Do they really think it's easy to live on middle class wages, then take a pay cut, then watch management buy million dollar vacation homes, or yachts or private airplanes? Moral would drop, which probably explains why AA did declare bankruptcy a few years later.

Are managers job creators? Nope. The corporation is. The feds should definitely lower the 35% tax on the corporation, and definitely eliminate the 15% tax on each worker. Make up for that by taxing the managers' incomes a little more. And cut federal spending, you irresponsible Democrats who can't do math!

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