this post was submitted on 23 Jan 2024
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Tax the rich (lemy.lol)
submitted 9 months ago by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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[–] Kecessa@sh.itjust.works 134 points 9 months ago (3 children)

Circles aren't the best shape to illustrate it because doubling the area of a circle doesn't doesn't really make it look twice as big...

I much prefer this: https://mkorostoff.github.io/1-pixel-wealth/

[–] lesinge@sh.itjust.works 20 points 9 months ago

Damn, that's an extremely powerful method of data visualization!

[–] Everythingispenguins@lemmy.world 14 points 9 months ago (1 children)

Fuck I got tired and quit half way though the graphic.

[–] jballs@sh.itjust.works 18 points 9 months ago

If you didn't get past Bezos, you weren't halfway yet.

[–] kksgandhi@lemmy.ml 5 points 9 months ago

I made this little game with the same idea:

https://kksgandhi.itch.io/other-peoples-money

[–] GBU_28@lemm.ee 24 points 9 months ago

Well first off circles are like the worst shape they could have used

[–] Prunebutt 22 points 9 months ago

OP misspelled "eat" in the title.

[–] AbsurdityAccelerator@lemmy.world 18 points 9 months ago (1 children)

Top 10% of the US population has a net worth of 4 million? That does not seem right.

[–] Ross_audio@lemmy.world 31 points 9 months ago* (last edited 9 months ago) (1 children)

Net worth includes all asset value. Pensions, investments, and property.

That seems about right to me. A lot will be tied up so liquid assets will be lower.

The 50% upwards middle class being $400,000 will mostly be the value of a house.

Very annoying they just specify "average". I'd expect this data to be based on the median values so it should just say.

[–] AbsurdityAccelerator@lemmy.world 9 points 9 months ago (1 children)

Even with the value of your house and 401k, it's still very hard to believe. I just did a quick Google search and the 90th percentile in 2001 is 1.6 million, which seems more accurate.

[–] ryathal@sh.itjust.works 7 points 9 months ago (1 children)

The top 10% includes all the people in the top .01% which skews the average higher. You might only need about 1.6 million to be in the top 10% but the average will be higher.

[–] AbsurdityAccelerator@lemmy.world 1 points 9 months ago

Ah, that makes sense. Appreciate the explanation.

[–] white_shotgun@aussie.zone 16 points 9 months ago

Surely there's enough hungry pets out there we can feed them to. Whack em in a can of cat or dog food problem solved

[–] snekerpimp@lemmy.world 14 points 9 months ago

Pit smoked with hickory chips, and a nice Carolina style sauce, that’s how we should cook em

[–] blanketswithsmallpox@lemmy.world 10 points 9 months ago (2 children)

Holy shit middle class is half a million now?

The days of making 6 figures means nothing now lol.

[–] ryathal@sh.itjust.works 12 points 9 months ago (1 children)

Net worth and income are totally different. 6 figures for income will give you a multi million net worth with a modicum of budgeting.

[–] blanketswithsmallpox@lemmy.world 2 points 9 months ago

Definitely a difference. Thanks.

[–] Trollception@lemmy.world 2 points 9 months ago

That's net worth, not salary.

[–] dimath@ttrpg.network 6 points 9 months ago

So, how do we tax unrealized gains?