On May 30, 3:37*pm, Hawke wrote:


I can't say for sure but I wouldn't be surprised if all the people in
the top 1% are billionaires. Or at least close to it. People make the
mistake all the time when confusing assets with income. It's assets that
count. The people in the top 1% of assets are the plutocracy. But I'd
say the people who have incomes in the billions per year, like Soros,
are too.



I think you are math challenged. The United States has about 300
million people. The top 1% would be 3 million people. That works
out to about 60,000 per state. And if they were billionaires their
total wealth would be 3 million times one billion ( assuming that
they all barely had a billion in wealth, in fact one would expect
some would have more. ) or 3 X 10^15th. That is 3 quadrillion
dollars. In comparison to that, our national debt looks tiny.

Dan


Hawke