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Fla Dem

(23,768 posts)
Mon Jul 15, 2013, 03:32 PM Jul 2013

Charles 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.

79 replies = new reply since forum marked as read
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Charles Koch: $34,000 puts you in the top 1% (Original Post) Fla Dem Jul 2013 OP
That's what you call a boldface lie. nt onehandle Jul 2013 #1
fucker. I hope he shovels shit in hell someday. Standing in it up to his neck. roguevalley Jul 2013 #23
Better yet...prison! Fearless Jul 2013 #62
agreed, fearless roguevalley Jul 2013 #69
EXACTLY MY THOUGHTS drynberg Jul 2013 #34
Except that it's, you know, factually accurate Recursion Jul 2013 #68
Not very good at math is he. Cleita Jul 2013 #2
they're working on that. barbtries Jul 2013 #15
The problem is the way our food and other commodities are marketed. JDPriestly Jul 2013 #41
Hmmmm - so Charles Koch wishes American Workers had lives closer to poverty in Africa el_bryanto Jul 2013 #3
hes he does. then he wouldn't have to pay minimum wage tk2kewl Jul 2013 #8
Using, "scrip", he could have his own Treasury Department and circumvent the US Government's DhhD Jul 2013 #66
Indeed he does! City Lights Jul 2013 #17
When you live in North Korea maybe that is what the extreme Right Wing really wants. gordianot Jul 2013 #4
Lets see him live on less than minimum wage. BainsBane Jul 2013 #5
Let's see him not live at all demwing Jul 2013 #7
Which wouldn't solve anything in the long term nxylas Jul 2013 #70
and then Tiny Tim said demwing Jul 2013 #71
A visit from three ghosts would work too nxylas Jul 2013 #72
Ayn Rand's philosophy was dead to begin with demwing Jul 2013 #74
$34,000 would probably be that fuckers "pocket change" Autumn Jul 2013 #6
It's what Chuckles Koch makes every 23 minutes. HughBeaumont Jul 2013 #20
So those that earn $34,000 Politicalboi Jul 2013 #9
If I'm 1 in 100, he must be 1 in a billion (at least; without doing the math) Duer 157099 Jul 2013 #10
That's actually quite accurate, considering there are about 7 billion people on MillennialDem Jul 2013 #54
The article is hilarious... It's not the Koch's greed that gets in the way SomethingFishy Jul 2013 #11
Yes, he's an evil troll Proud Public Servant Jul 2013 #12
I suspect it's wrong, though muriel_volestrangler Jul 2013 #30
People living on $2/day or less don't by Koch Bros. products. JDPriestly Jul 2013 #42
Typical Republican Total Bullshit..Real Cute. Notice the "in the world"...which means.. BlueJazz Jul 2013 #13
More manipulative crap from Koch.. truth2power Jul 2013 #36
$34,000 vs. $25,000,000,000. When do we break out the guillotines again? Initech Jul 2013 #14
Hopefully soon. n/t PowerToThePeople Jul 2013 #24
Fuck him! I hope he chokes on money! Rex Jul 2013 #16
LOL, what's that saying? Trailrider1951 Jul 2013 #27
Good question! Initech Jul 2013 #33
According to WHAT fucked up wage scale????? Arkana Jul 2013 #18
$34,000 is what Charles Koch makes . . . every 23 MINUTES. HughBeaumont Jul 2013 #19
Talk about shameless Hydra Jul 2013 #21
They want it all. nt awoke_in_2003 Jul 2013 #40
Born in a bubble, never escaped. moondust Jul 2013 #22
He really is clueless duffyduff Jul 2013 #25
Clueless? Maybe a little bit. Orsino Jul 2013 #55
the concern of course is quaker bill Jul 2013 #26
What an out-of-touch asshole. miked62916 Jul 2013 #28
Dear Mr. Koch, I challenge you to live on that amount of money (pre taxes) salin Jul 2013 #29
Y'all gonna get on poor ol' Chuck's case for a measly little typo? DFW Jul 2013 #31
Technically, they're correct, but it's meaningless. Yavin4 Jul 2013 #32
Good point.. Also, most people who make $34K/yr in country don't qualify for welfare either penultimate Jul 2013 #35
Conservatives love to compare American middle/working/poor to only Chad and Djibouti's poor . . . . HughBeaumont Jul 2013 #50
You have that right ladym55 Jul 2013 #53
Then someone making a billion a year should be taxed higher. HooptieWagon Jul 2013 #52
Nor would I want the typical American (or person for that matter) to live the life MillennialDem Jul 2013 #56
Charles Koch is a lowlife scumbag. No amount of wealth will make him respectable. gtar100 Jul 2013 #37
we have people at du saying the same thing. HiPointDem Jul 2013 #38
Tells you who gives them their talking points, doesn't it? n/t Hydra Jul 2013 #44
They need to be OFF DU. HughBeaumont Jul 2013 #49
contrarywise, some of them have been here for years, leading lights as it were. HiPointDem Jul 2013 #59
May be a little off subject-but Koch is running ads in our area KrazyinKS Jul 2013 #39
The terrible thing is not the people who can say this shit with a straight face. TheMadMonk Jul 2013 #43
. . . and the more swallowers there are . . . . HughBeaumont Jul 2013 #48
he needs medical care greymattermom Jul 2013 #45
Then when I joke that LiberalElite Jul 2013 #46
Woohoo Corgigal Jul 2013 #47
Unfortunately - I lived off our Welfare for many years ConcernedCanuk Jul 2013 #51
Yep, I'd love to see him live off $34,000 a year. We can even give him a job earning MillennialDem Jul 2013 #57
Those who say he is clueless, I don't think that's the case. I think he knows exactly what he is MillennialDem Jul 2013 #58
Fucking guillotine. nt Codeine Jul 2013 #60
$45,000 = 50 weeks working 40 hours at $22.50 hr. Double minimum wage still insuuficient 4 a family Coyotl Jul 2013 #61
How can I guy who's that effing stupid Jeff In Milwaukee Jul 2013 #63
Then he wouldn't mind living on $34,000 a year, I guess. Zoeisright Jul 2013 #64
So, according to Charles Koch NewJeffCT Jul 2013 #65
Err, that's true, yes? Recursion Jul 2013 #67
more like top 2%, of the entire world population muriel_volestrangler Jul 2013 #79
If prices were the same in America as elsewhere, $34,000 a year would let you live like a prince. Donald Ian Rankin Jul 2013 #73
So what is Charles Koch income and B Calm Jul 2013 #75
When you just make shit up, it can be dreamy liberal N proud Jul 2013 #76
When the time comes... TheLion Jul 2013 #77
charles koch mstinamotorcity2 Jul 2013 #78

drynberg

(1,648 posts)
34. EXACTLY MY THOUGHTS
Tue Jul 16, 2013, 09:57 AM
Jul 2013

What a scum bucket of a person is Koch! Time to reverse his fortunes...let's talk about this.

Recursion

(56,582 posts)
68. Except that it's, you know, factually accurate
Wed Jul 17, 2013, 07:46 PM
Jul 2013

My thoughts about "the rich" changed a lot when I worked in Africa and realized I'm one of them.

JDPriestly

(57,936 posts)
41. The problem is the way our food and other commodities are marketed.
Tue Jul 16, 2013, 08:50 PM
Jul 2013

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)
3. Hmmmm - so Charles Koch wishes American Workers had lives closer to poverty in Africa
Mon Jul 15, 2013, 03:35 PM
Jul 2013

or Latin America.

Or Southeast Asia.

Bryant

 

tk2kewl

(18,133 posts)
8. hes he does. then he wouldn't have to pay minimum wage
Mon Jul 15, 2013, 03:39 PM
Jul 2013

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)
66. Using, "scrip", he could have his own Treasury Department and circumvent the US Government's
Wed Jul 17, 2013, 05:07 PM
Jul 2013

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

 

demwing

(16,916 posts)
7. Let's see him not live at all
Mon Jul 15, 2013, 03:38 PM
Jul 2013

no violence, just a nice midnight aneurysm would clear up that social disease of a man.

nxylas

(6,440 posts)
70. Which wouldn't solve anything in the long term
Thu Jul 18, 2013, 07:31 AM
Jul 2013

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)
74. Ayn Rand's philosophy was dead to begin with
Fri Jul 19, 2013, 06:24 AM
Jul 2013

This must be distinctly understood, or nothing wonderful can come of the story I am going to relate....

HughBeaumont

(24,461 posts)
20. It's what Chuckles Koch makes every 23 minutes.
Mon Jul 15, 2013, 04:37 PM
Jul 2013

His long yawns are worth $75. Not bad for three second's work.

 

Politicalboi

(15,189 posts)
9. So those that earn $34,000
Mon Jul 15, 2013, 03:40 PM
Jul 2013

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)
10. If I'm 1 in 100, he must be 1 in a billion (at least; without doing the math)
Mon Jul 15, 2013, 03:42 PM
Jul 2013

I'd say that is quite a difference no matter how he wants to make it seem.

SomethingFishy

(4,876 posts)
11. The article is hilarious... It's not the Koch's greed that gets in the way
Mon Jul 15, 2013, 03:45 PM
Jul 2013

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)
12. Yes, he's an evil troll
Mon Jul 15, 2013, 03:51 PM
Jul 2013

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)
30. I suspect it's wrong, though
Mon Jul 15, 2013, 08:49 PM
Jul 2013
http://www.bls.gov/news.release/pdf/wkyeng.pdf

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).
 

BlueJazz

(25,348 posts)
13. Typical Republican Total Bullshit..Real Cute. Notice the "in the world"...which means..
Mon Jul 15, 2013, 03:55 PM
Jul 2013

...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)
36. More manipulative crap from Koch..
Tue Jul 16, 2013, 01:45 PM
Jul 2013

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!!

 

Rex

(65,616 posts)
16. Fuck him! I hope he chokes on money!
Mon Jul 15, 2013, 04:22 PM
Jul 2013

Lying sack of shit. I hope nothing but severe poverty for his entire family and future generations.

HughBeaumont

(24,461 posts)
19. $34,000 is what Charles Koch makes . . . every 23 MINUTES.
Mon Jul 15, 2013, 04:33 PM
Jul 2013

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)
21. Talk about shameless
Mon Jul 15, 2013, 05:59 PM
Jul 2013

The 1% really are all about "Let them eat cake."

And they want MORE. They want it all. They earned every penny, doncha know.

 

duffyduff

(3,251 posts)
25. He really is clueless
Mon Jul 15, 2013, 07:52 PM
Jul 2013

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.

quaker bill

(8,224 posts)
26. the concern of course is
Mon Jul 15, 2013, 08:14 PM
Jul 2013

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.

salin

(48,955 posts)
29. Dear Mr. Koch, I challenge you to live on that amount of money (pre taxes)
Mon Jul 15, 2013, 08:43 PM
Jul 2013

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)
31. Y'all gonna get on poor ol' Chuck's case for a measly little typo?
Mon Jul 15, 2013, 08:53 PM
Jul 2013

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)
32. Technically, they're correct, but it's meaningless.
Mon Jul 15, 2013, 08:59 PM
Jul 2013
annual income of $34,000 puts a worker among the wealthiest 1% -- in the world.


"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)
35. Good point.. Also, most people who make $34K/yr in country don't qualify for welfare either
Tue Jul 16, 2013, 10:31 AM
Jul 2013

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)
50. Conservatives love to compare American middle/working/poor to only Chad and Djibouti's poor . . . .
Wed Jul 17, 2013, 07:54 AM
Jul 2013

. . . 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)
53. You have that right
Wed Jul 17, 2013, 01:38 PM
Jul 2013

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)
52. Then someone making a billion a year should be taxed higher.
Wed Jul 17, 2013, 12:42 PM
Jul 2013

Since the 1% in other countries make so much less than the 1% in the US.

 

MillennialDem

(2,367 posts)
56. Nor would I want the typical American (or person for that matter) to live the life
Wed Jul 17, 2013, 01:48 PM
Jul 2013

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)
37. Charles Koch is a lowlife scumbag. No amount of wealth will make him respectable.
Tue Jul 16, 2013, 06:17 PM
Jul 2013

He's proven that beyond a doubt!

And the NSA can quote me on that if they'd like.

HughBeaumont

(24,461 posts)
49. They need to be OFF DU.
Wed Jul 17, 2013, 07:48 AM
Jul 2013

Right-wing-ding economics is THATaway. Corporate lurve and worker suppression isn't a progressive trait.

KrazyinKS

(291 posts)
39. May be a little off subject-but Koch is running ads in our area
Tue Jul 16, 2013, 08:03 PM
Jul 2013

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)
43. The terrible thing is not the people who can say this shit with a straight face.
Tue Jul 16, 2013, 09:23 PM
Jul 2013

The terrible thing is the people who swallow it. Again and again and again.

HughBeaumont

(24,461 posts)
48. . . . and the more swallowers there are . . . .
Wed Jul 17, 2013, 07:46 AM
Jul 2013

. . . dickheads like Chuckles Koch will get away, continually, with saying stupid shit like this . . . again and again and again.

LiberalElite

(14,691 posts)
46. Then when I joke that
Wed Jul 17, 2013, 07:40 AM
Jul 2013

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!

 

ConcernedCanuk

(13,509 posts)
51. Unfortunately - I lived off our Welfare for many years
Wed Jul 17, 2013, 07:58 AM
Jul 2013

.
.
.

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)
57. Yep, I'd love to see him live off $34,000 a year. We can even give him a job earning
Wed Jul 17, 2013, 01:51 PM
Jul 2013

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)
58. Those who say he is clueless, I don't think that's the case. I think he knows exactly what he is
Wed Jul 17, 2013, 01:53 PM
Jul 2013

doing.

 

Coyotl

(15,262 posts)
61. $45,000 = 50 weeks working 40 hours at $22.50 hr. Double minimum wage still insuuficient 4 a family
Wed Jul 17, 2013, 02:31 PM
Jul 2013

Jeff In Milwaukee

(13,992 posts)
63. How can I guy who's that effing stupid
Wed Jul 17, 2013, 04:15 PM
Jul 2013

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.

NewJeffCT

(56,829 posts)
65. So, according to Charles Koch
Wed Jul 17, 2013, 04:47 PM
Jul 2013

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.

muriel_volestrangler

(101,385 posts)
79. more like top 2%, of the entire world population
Fri Jul 19, 2013, 09:14 AM
Jul 2013

(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)
73. If prices were the same in America as elsewhere, $34,000 a year would let you live like a prince.
Fri Jul 19, 2013, 04:33 AM
Jul 2013

Unfortunately, because they aren't, it doesn't.

The measure of the prosperity is income divided by cost of living, not raw income.

 

TheLion

(44 posts)
77. When the time comes...
Fri Jul 19, 2013, 08:49 AM
Jul 2013

...for the torches, pitchforks, tumbrils, and guillotines, the Kochs should be the first in line.

mstinamotorcity2

(1,451 posts)
78. charles koch
Fri Jul 19, 2013, 08:58 AM
Jul 2013

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

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