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(CNBC)   Change you can believe in: America lost 129,000 millionaires in 2011. Sales of tiny violins, however, are booming   (cnbc.com) divider line 117
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2758 clicks; posted to Main » on 31 May 2012 at 10:54 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-31 10:51:27 PM  
How many of those dropped off the millionaire list because they became billionaires?
How many died?
 
2012-05-31 10:57:04 PM  
Sound this care:
 
2012-05-31 10:57:31 PM  

unlikely: How many of those dropped off the millionaire list because they became billionaires?
How many died?


FTA: "Households in North America with investible assets of more than $100 million saw their wealth decline 2.4 percent. Their population declined slightly to 2,928 from 2,989."

Based on that I'd say not many. Why do I find it unlikely that you read the article?
 
2012-05-31 10:57:47 PM  
Lost?? Like down the back of the sofa lost?

/ There still in there somewhere with the nickels and TV remote
 
2012-05-31 10:58:31 PM  
millionaire households (households with investible assets of $1 million or more)
 
2012-05-31 10:58:53 PM  
I gave in a paper bag. And then set in on an ex-millionaire's doorstep and lit it on fire.

/it's my friday
//have beer
///not pants
 
2012-05-31 10:59:06 PM  
They'll have to somehow make ends meet with mere hundreds of thousands.
 
2012-05-31 10:59:15 PM  

unlikely: How many of those dropped off the millionaire list because they became billionaires?


The millionaires list is every household with over one million in assets. Billionaires are on this list too.
 
2012-05-31 10:59:44 PM  
FTA: The main reason for all this wealth loss? Stocks.

B-b-but taxes!
 
2012-05-31 11:01:02 PM  
How many were lost 2000-2001? Bush' first year.... 1M+ ?
 
2012-05-31 11:01:19 PM  
maplewood.southorangevillage.com
 
2012-05-31 11:03:00 PM  
I'm confused, is America a better place now?
farm5.staticflickr.com
 
2012-05-31 11:03:22 PM  
Share the poverty.
 
2012-05-31 11:03:56 PM  
You all are some sick, jealous sad people. I guess it makes you feel great that someone might be hurting.

Geeze - the demonazis have really sold envy as a virtue.
 
2012-05-31 11:03:57 PM  
Yay, the country is poorer, overall. Forward.
 
2012-05-31 11:04:27 PM  

dbrunker: I'm confused, is America a better place now?


Seems like they helped diminish that whole "rich-get-richer" thing that's so evil, so I suppose they did.
 
2012-05-31 11:05:06 PM  
Yeah. Success is bad. We should denigrate it and hope that our monetary policy one day becomes such that everyone is reduced back to the vegan locavore organic lifestyle of a subsistence farmer.

/maybe if subby had majored in econ instead of postmodern womyns herstory they'd realize this was an actual problem
//trolling with buzzwords...
 
2012-05-31 11:05:17 PM  
"fell to 5,134,000 from 5,263,000 in 2011"

OH NO! STOP THE PRESS!

"Total private wealth in North America fell by 0.9 percent, to $38 trillion."

hmmm does this take into account the fact that the dollar plummeted like a pelican feeding in 2011?
 
2012-05-31 11:05:49 PM  

dbrunker: I'm confused, is America a better place now?
[farm5.staticflickr.com image 500x287]


Made by your Republican Overlords in the decade prior, short-term memory problem?

Drugs, much?>
 
2012-05-31 11:06:20 PM  
Don't worry - once we start hyperinflating the currency to get ourselves out of our massive national debt, there will be plenty more millionaires.
 
2012-05-31 11:06:41 PM  

aegean: You all are some sick, jealous sad people. I guess it makes you feel great that someone might be hurting.

Geeze - the demonazis have really sold envy as a virtue.


This
 
2012-05-31 11:06:43 PM  
It has to be said: If you are older than 50, staring down retirement, and live in a part of the country with a moderate-to-high cost of living, having a million bucks does not make you rich. It makes you someone who has worked for less than 6 figures for your entire adult life and saved for retirement as best you could. Sadly, I'm guessing a good portion of these people fit this mold.
 
2012-05-31 11:07:19 PM  
Good. I hate it when hard-working, responsible people who are willing to take risks do better than me.

/back to Skyrim
 
2012-05-31 11:07:47 PM  
Halliburton moved to the UAE. Eduardo Saverin of Facebook went to Singapore. Mitt Romney went to France ... oh wait, that was for draft dodging.
 
2012-05-31 11:07:53 PM  

Jerkwater: It has to be said: If you are older than 50, staring down retirement, and live in a part of the country with a moderate-to-high cost of living, having a million bucks does not make you rich. It makes you someone who has worked for less than 6 figures for your entire adult life and saved for retirement as best you could. Sadly, I'm guessing a good portion of these people fit this mold.


And THIS
 
2012-05-31 11:08:21 PM  
To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.
 
2012-05-31 11:09:36 PM  

WTFDYW: aegean: You all are some sick, jealous sad people. I guess it makes you feel great that someone might be hurting.

Geeze - the demonazis have really sold envy as a virtue.

This


...is a poor trolling attempt
 
2012-05-31 11:12:17 PM  

Jerkwater: It has to be said: If you are older than 50, staring down retirement, and live in a part of the country with a moderate-to-high cost of living, having a million bucks does not make you rich. It makes you someone who has worked for less than 6 figures for your entire adult life and saved for retirement as best you could. Sadly, I'm guessing a good portion of these people fit this mold.


Nope. If you ever make enough money to "eat better meals than Cheetos" or "move out of your mother's basement" or other elitist things like that, you are a rich piece of shiat who deserves to be destitute (if even allowed to live). This is Fark, after all...
 
2012-05-31 11:12:18 PM  

Gonad the Ballbarian: To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.


True, but you'll still be demonized by a good portion of the fark community because you have "too damn much". You should be giving it back etc, etc.
 
2012-05-31 11:13:23 PM  
I just assumed the hundred-millionaires and billionaires conned them out of the money. The 99% don't have much left to give.
 
2012-05-31 11:16:38 PM  
A million bucks ain't what it used to be. Those people are likely working professionals (doctors, small business owners, etc...) who's houses or stocks or whatever devalued thus making their assets total in below a million bucks.

That kind of thing isn't good.

You want the HUNDRED millionaires and the BILLIONAIRES to have some of their wealth yanked from them and put back into the system.

Millionaires... yeah I'm not cryin' for them but a decent house, car, college/retirement funds can total that easily. A million bucks in assets is close to upper middle class these days.
 
2012-05-31 11:17:05 PM  

Gonad the Ballbarian: My father and I are both working "millionaires" on paper.


And for those who didn't read the article, the market spoke and now their paper is worth less.
 
2012-05-31 11:17:58 PM  
Wasn't that the idea? How many more to go before we get rid of all of them? (Billionaires, too)
 
2012-05-31 11:18:23 PM  

change1211: FTA: "Households in North America with investible assets of more than $100 million saw their wealth decline 2.4 percent. Their population declined slightly to 2,928 from 2,989."


Oh no! They're gonna have to vacation in some islands closer to home!
 
2012-05-31 11:18:45 PM  
I'd rather be rich, too instead of them being poor, too..
 
2012-05-31 11:19:00 PM  

Gonad the Ballbarian: To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.


I made well under 20k last year. Excuse me if I feel little to no pity or empathy for people who are likely worth more than I'll make in my lifetime.
 
2012-05-31 11:20:10 PM  

here to help: You want the HUNDRED millionaires and the BILLIONAIRES to have some of their wealth yanked from them and put back into the system.


Yanked from where? Unless those guys are keeping their money in a mattress, it is in the system.
 
2012-05-31 11:20:54 PM  

Gonad the Ballbarian: To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.



Here is my tiny violin.
 
2012-05-31 11:21:00 PM  
img.photobucket.com
 
2012-05-31 11:21:59 PM  

Saturn5: here to help: You want the HUNDRED millionaires and the BILLIONAIRES to have some of their wealth yanked from them and put back into the system.

Yanked from where? Unless those guys are keeping their money in a mattress, it is in the system.


Well, offshore accounts are a TYPE of system.
 
2012-05-31 11:22:37 PM  
Sales tax on every share of stock sold. Half of one percent of the share's value.
 
2012-05-31 11:26:22 PM  

Mentalpatient87: I'd rather be rich, too instead of them being poor, too..


hmmmm seems like you've set up quite the fallacy.
 
2012-05-31 11:27:35 PM  

intelligent comment below: Gonad the Ballbarian: To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.


Here is my tiny violin.


Told ya Gonad
 
2012-05-31 11:28:12 PM  

Jayzbo: Gonad the Ballbarian: To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.

I made well under 20k last year. Excuse me if I feel little to no pity or empathy for people who are likely worth more than I'll make in my lifetime.


This is what people don't understand. They come here and argue that a million isn't a lot. And in terms of doing well at retirement it might not be. However, the fact that a million is well over what a lot of Americans will see EVER should tell you that something is freakin' wrong around here.

Median Income (as of 2011): $26,364
Time to see $1M (Gross): 38 years (give or take a couple of months)
If you work until 75 from 18 (Gross): $1,502,748

And all this is considering you don't hit:
* An illness
* An accident
* Any sort of layoffs whatsoever
 
2012-05-31 11:28:29 PM  

wildsnowllama: Well, offshore accounts are a TYPE of system.


What kind of account? Investment? Bank? An offshore coffee can buried in Fiji? Even if it's offshore if it's in an account, that means it's being loaned out by that financial institution. If it's in investments, those companies have the funds to expand.

The rich get richer by making their money work for them. That means it has to be in the system to earn more money. The money doesn't multiply spontaneously. Even an interest bearing bank account means the money is in the system to be used by the bank - that's why they pay you interest.
 
2012-05-31 11:29:51 PM  

Jayzbo: Gonad the Ballbarian: To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.

I made well under 20k last year. Excuse me if I feel little to no pity or empathy for people who are likely worth more than I'll make in my lifetime.


Your lack of income isn't their fault. Here to help has it right, for the most part these aren't fatcats, they're working professionals who have a valuable skill.

Perhaps you should try and get yourself a valuable skill and then maybe you can be a bit less jealous.
 
2012-05-31 11:30:00 PM  

Jayzbo: Gonad the Ballbarian: To put it in perspective:

A "millionaire" is not "rich" by todays standards. My father and I are both working "millionaires" on paper.

Like that douche in"who wants to marry a millionaire" show a while back.

Millionaire does not mean you have 1 million in cash.

I made well under 20k last year. Excuse me if I feel little to no pity or empathy for people who are likely worth more than I'll make in my lifetime.


So you're a failure and are only happy when others fail too?
 
2012-05-31 11:30:55 PM  

WTFDYW: True, but you'll still be demonized by a good portion of the fark community because you have "too damn much". You should be giving it back etc, etc.


WTFDYW: Told ya Gonad


Excuse me while I worry about people who lost their jobs and homes and 99 weeks of unemployment, not a family whos parent each has a net worth of over 1 million. Because that obviously means I am demonizing them and give it back etc etc.

Farking idiot. No he wont pay you to suck his dick.
 
2012-05-31 11:31:50 PM  

change1211: jealous.



This word. I don't think it means what you think it means.
 
2012-05-31 11:32:56 PM  

Contrabulous Flabtraption: So you're a failure and are only happy when others fail too?



No, he said he won't feel bad for someone who complains how tough life is even though they are "worth" over 1 million. In California that means the guy inherited a house from his grandparents. It's a rough life.
 
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