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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCharles Koch: $34,000 puts you in the top 1%
The billionaire businessman airs ads slamming the minimum wage and insisting that people on it are still relatively wealthy.http://money.msn.com/now/post--charles-koch-dollar34000-puts-you-in-the-top-1percent
"In their continued bid to leave their liberal counterparts as red-faced, flustered and hyperventilated as George Soros leaves his conservative detractors, the Charles Koch Foundation recently released a commercial that suggests an annual income of $34,000 puts a worker among the wealthiest 1% -- in the world.
The basic premise is that Americans don't need things like food stamps or the minimum wage to help them, because they're already so much better off than poor people in the world around them. The Economic Policy Institute can't help but disagree. Its Family Budget Calculator notes that a family of three would require an income of $45,000 a year to cover basic needs in Simpson County, Miss., the U.S. region with the lowest cost of living for a family of that size."
Effing A-holes. They should try living on a 40hr week at $7.25 an hour income. $290 per week, $15,000 a year.
onehandle
(51,122 posts)roguevalley
(40,656 posts)Fearless
(18,421 posts)roguevalley
(40,656 posts)drynberg
(1,648 posts)What a scum bucket of a person is Koch! Time to reverse his fortunes...let's talk about this.
Recursion
(56,582 posts)My thoughts about "the rich" changed a lot when I worked in Africa and realized I'm one of them.
Cleita
(75,480 posts)For that to be true, the 99% would have to make less than that.
barbtries
(28,811 posts)don't doubt it.
JDPriestly
(57,936 posts)If we bought food straight from farmers at a town market, if it weren't transported across the country or across the world, if it weren't packaged in paper and plastic, we could live on a lot less money.
If we did not have a municipal sewer system, computers, electric lights at night, heated homes, several changes of (often new) clothing, leather shoes, refrigerators and freezers, more than one pot or pan, a gas or electric stove, an asphalt or tile roof (something other than straw), glass windowpanes, cars, etc., we could live on a whole lot less money.
If we did not have good medical care or education, think of the money our government could save.
That is the Koch brothers' vision for Americans -- a life without the things our forefathers worked for.
If $34,000 per year is the 1% of the world, in what percentile are the Koch brothers?
And if we lived like people do in most of the world, we would not be able to buy their products, and they, too, would be poorer.
el_bryanto
(11,804 posts)or Latin America.
Or Southeast Asia.
Bryant
tk2kewl
(18,133 posts)he could just give them debit cards that can only be used at a company store
remember how romney waxed poetically about how eager the chinese workforce was to work for pennies?
DhhD
(4,695 posts)laws and regulations for currency, taxes, labor protection, and of course the rights given to the people by the Constitution.
http://www.wvculture.org/history/wvhs1503.html
http://online.wsj.com/article/SB10001424052702303901504577462512713336378.html
City Lights
(25,171 posts)gordianot
(15,245 posts)BainsBane
(53,074 posts)Asshole is right.
demwing
(16,916 posts)no violence, just a nice midnight aneurysm would clear up that social disease of a man.
nxylas
(6,440 posts)I'd rather see him have a health scare that causes him to question his priorities and converts him from a self-serving psychopath to a tireless crusader for social justice. Let him use his immense wealth and resources to do good for a change. Of course, all that would happen is that an "accident" would be arranged for him, but he might actually manage something positive in the intervening period. Hey, I can dream, can't I?
demwing
(16,916 posts)God Bless us, everyone!
nxylas
(6,440 posts)With the ghost of Ayn Rand taking the role of Marley.
demwing
(16,916 posts)This must be distinctly understood, or nothing wonderful can come of the story I am going to relate....
Autumn
(45,120 posts)what a fucking low life.
HughBeaumont
(24,461 posts)His long yawns are worth $75. Not bad for three second's work.
Politicalboi
(15,189 posts)Can join the big boys club of the 1%. Then that means, you don't have to pay any taxes.
Duer 157099
(17,742 posts)I'd say that is quite a difference no matter how he wants to make it seem.
MillennialDem
(2,367 posts)Earth and he's tied for 6th richest with his brother.
http://en.wikipedia.org/wiki/List_of_the_100_wealthiest_people#2013_Top_10
SomethingFishy
(4,876 posts)of upward mobility it's food stamps and minimum wage. See if we were only allowed to pay you 1.60 an hour then you would do something to make your life better. Drive a cab or become a hairdresser. I wonder how much a guy worth 43 billion tips his cabbie?
Oh and the man who is spending $200,000 in TV commercials to tell you you make too much money already.
Proud Public Servant
(2,097 posts)But he might be right, in raw terms. Something like 3 billion people live on $2/day or less, and world medium income is estimated to be only $2k. It's entirely possible that there are only 75 million people worldwide who make more than $34k/year.
In the end, this is the problem with decoupling income statistics from cost-of-living statistics. Oh, and with being an evil douchebag. That too.
muriel_volestrangler
(101,385 posts)The above says that of 102.6 million full time workers in the US, 75% earn $510 per week or more; 50% earn $773 or more. $34,000 per year is $659 per week; it might be fair to estimate 60% in the USA earn that or more - about 60 million. With western European countries and Canada, Japan, Australia and a few others getting close to American levels, and with a combined population perhaps one and a half times that of the USA, I think it's fair to guess another 60 million in them; plus maybe another 10 million in slightly less rich countries. That would be 130 million - well over 1% of the world population (and more still if you are looking at the percentage of workers, rather than the entire population).
JDPriestly
(57,936 posts)BlueJazz
(25,348 posts)...even the natives in the South American jungle are counted as "Wage Earners"
Shit...Let's go even further and count "Beings" (Rabbits, Lions, Bugs..etc..)...Damn, that way if you make over $3.67 you're in the One Percent !!... Hallelujah !!!!
truth2power
(8,219 posts)And he knows it. What a lowlife!
This is kind of like that old joke about how if Bill Gates walks into a bar, every person there is a millionaire. Only the opposite.
You can skew your average depending on who you include in your sample. If you include millions of people making $1.00 a day then, sure, $45,000 probably falls in the top 1%, or something like that.
I can't stand people who are manipulative . STFU Chuck!!
Initech
(100,107 posts)PowerToThePeople
(9,610 posts)n/t
Rex
(65,616 posts)Lying sack of shit. I hope nothing but severe poverty for his entire family and future generations.
Trailrider1951
(3,415 posts)Oh yes, "Karma's a bitch". I wouldn't have his karma for NOTHING!
Initech
(100,107 posts)Arkana
(24,347 posts)HughBeaumont
(24,461 posts)Yes. He makes more money in 23 MINUTES than the average worker making just over $15 dollars an hour makes in a YEAR.
And that figure assumes a paltry 3% yearly interest . . . AFTER the whopping 15% Capital Gains tax is applied.
He should be given a set of elephant balls for his bullshit.
It's really funny how America's poor/working/middle classes get compared by conservative pundits to their Djibouti and Chad counterparts rather than their Scandanavian and European ones. Or not.
Hydra
(14,459 posts)The 1% really are all about "Let them eat cake."
And they want MORE. They want it all. They earned every penny, doncha know.
awoke_in_2003
(34,582 posts)moondust
(20,014 posts)Probably doesn't bother to get out of bed in the morning.
duffyduff
(3,251 posts)as well as a completely sociopathic greedhead.
I'll be glad when and David finally croak.
Born into a crackpot family and will die as a crackpot.
There are simply some people who have too much money and too much time on their hands, and they are doing tremendous damage.
I don't care if it is Gates, Walton, Koch, Broad, Peterson, or any other filthy rich plutocrat. They are ALL dangerous.
Orsino
(37,428 posts)What e certainly is is a shameless liar.
quaker bill
(8,224 posts)that the poor here get to eat and when lucky enough to have a place, do not live in a shelter made of scraps pulled out of the landfill. When compared to the world standard, our poor are lucky enough to experience indoor plumbing and flush toilets.
Mr. Koch want to take us to a place where none of these "luxuries" are available to the poor.
Of course the real problem with this notion is that we would condemn and demolish shelters cobbled together from scraps as "unfit for human habitation" in most jurisdictions.
miked62916
(51 posts)Time to bring back the guillotine, just for people like him.
salin
(48,955 posts)for 3 months. To really experience what you are extolling as such a grand salary, you can not pull in any financial resources. You have to live at a shelter or rent a room on that salary, until you have saved enough for a deposit for housing.
As you are willing to invest so much of your money "on making America better" for all (your claim) and not for personal financial self-interest, then you should experience the realities of those who live on this grand salary.
Please note that this is a much higher income level than many Americans.
Until then, your proclamations that your efforts are to "make America better" rather than using your outsized (inherited) wealth to influence policy to enrich yourself will continue to be met with extreme skepticism.
DFW
(54,447 posts)He obviously meant to say that $34,000 an HOUR* puts you in the top 1%. Seems about right to me, and he probably makes more than that, so from his lofty perspective...............
*Year, hour--they both have four letters and end in "r" which in Republicanese grammar counts as "close enough."
Yavin4
(35,446 posts)"in the world", is the key phrase here. Someone making $34K is indeed a 1% to someone in Sub-Saharan Africa, but it's a meaningless stat. American workers live in a more expensive country, and their pay has to match their cost of living or they're in poverty. We don't have the ability to work in America and live in Sub-Saharan Africa.
penultimate
(1,110 posts)and $16.50/hr is more than twice the minimum wage. So I really don't get where either those comes into his argument.
HughBeaumont
(24,461 posts). . . instead of Sweden and France's actual middle/working/poor.
"Yew don't live in a tent in the sand or eat bugs fer breakfust . . . and yew have one of them newfangled DVD players. Yew ain't POOR!"
ladym55
(2,577 posts)To me, there is nothing more chilling than hearing an earnest young Christian student explain how America "has no poor people, only lazy ones." We need to focus on Africa, "where people really ARE poor."
There is some sick indoctrination going on in some of our fundy churches on this very topic. And the Koch Bros. love every minute.
HooptieWagon
(17,064 posts)Since the 1% in other countries make so much less than the 1% in the US.
MillennialDem
(2,367 posts)lived by most in Sub Saharan Africa or most other developing countries.
Of course the stat is also meaningless because unless I'm mistaken, they are going to count a subsistence farmer's income as $0 (or close to it) in a developing country, but that doesn't mean you could go live in a developing world country on $0 (or $100 or whatever) unless you are also doing your own subsistence farming.
gtar100
(4,192 posts)He's proven that beyond a doubt!
And the NSA can quote me on that if they'd like.
HiPointDem
(20,729 posts)Hydra
(14,459 posts)HughBeaumont
(24,461 posts)Right-wing-ding economics is THATaway. Corporate lurve and worker suppression isn't a progressive trait.
HiPointDem
(20,729 posts)KrazyinKS
(291 posts)The premise is economic freedom, you know those vague terms that could mean anything. They run a list of countries that have more economic freedom than we do. I never had the stomach to watch the whole thing, I just leave the room. But I was cooking supper and I could hear my husband yell from the front room "you dingy SOB just send your daughter to China to get a job there and tell me about economic freedom then" . They still have jobs there that amount to little more than slave labor. Ha-god, I knew what he was viewing then. They are using us as a test market to see how successful they are. If they consider them successful you may be getting them in your area. Oh boy something to look forward to. I could go on and tell you about the Huelskamp robo-call Poll I received last night, but I will stop here.
TheMadMonk
(6,187 posts)The terrible thing is the people who swallow it. Again and again and again.
HughBeaumont
(24,461 posts). . . dickheads like Chuckles Koch will get away, continually, with saying stupid shit like this . . . again and again and again.
greymattermom
(5,754 posts)and without first world living standards, he would be dead
LiberalElite
(14,691 posts)I'll be able to live like a queen on my retirement savings but I'll have to move to Bangladesh to do it - I'm right!
Corgigal
(9,291 posts)I'm rich. Oh wait, I have to pay bills with this income?
Nevermind.
ConcernedCanuk
(13,509 posts).
.
.
Could NOT get it through the heads of most of my workers the difficulties of living off what amounted to about $3 per hour compared to their $30+ per hour wage WITH BENEFITS.
There is only one group of people that can advise the poor how to survive poverty.
THOSE THAT HAVE BEEN THERE!
So those Billionaires, Millionaires, etc., can shove it
where the sun don't shine.
DAILY!
CC
MillennialDem
(2,367 posts)exactly that (no advanced paychecks though), just enough groceries to last until payday, and the deposit and first month's rent paid up front. He also can get a 10 year old car for at the start, but it breaks down at a random time during the 12 months at least once and he has to figure out how to get it fixed or get a new one.
Of course no drawing on any outside money. Come on Charles, do it for a year to prove how easy "the 1%" have it and how it's not that different from the 0.0000001% have it.
MillennialDem
(2,367 posts)doing.
Codeine
(25,586 posts)Coyotl
(15,262 posts)Jeff In Milwaukee
(13,992 posts)be that effing rich? I know that some inheritance was involved, but you'd have thought that someone so utterly clueless would have blown it all by now.
Zoeisright
(8,339 posts)Just try it, you fucking asshole Koch.
NewJeffCT
(56,829 posts)Americans making $34,000/year should be grateful they're better off than people in Somalia, Zimbabwe, Liberia, etc? What amazingly high standards! I guess we should also be grateful all of our water isn't infested with dysentery, all our cattle infected with Mad Cow disease and that we don't sleep on dirt floors in the middle of a war zone.
Recursion
(56,582 posts)$34k is where the top percentile worldwide kicks in.
muriel_volestrangler
(101,385 posts)(as opposed to percentages of working age people - then it might be the top 3%). I tried a rough calculation in #30 - the people earning $34k or more in the USA get you most of the way to 1% on their own, and there are many more from other industrialised countries to take into account, plus a few from the richest sections of developing countries.
Donald Ian Rankin
(13,598 posts)Unfortunately, because they aren't, it doesn't.
The measure of the prosperity is income divided by cost of living, not raw income.
B Calm
(28,762 posts)what standing is he at in the world?
liberal N proud
(60,346 posts)TheLion
(44 posts)...for the torches, pitchforks, tumbrils, and guillotines, the Kochs should be the first in line.
mstinamotorcity2
(1,451 posts)is a rich TROLL. He is not speaking to all of America. He is speaking to a specific group of people. His buddies that reside with him under the bridge