|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Stocks B / Berkshire Hathaway |
||
|
URL:
https://boards.fool.com/i-am-amazed-by-what-you-can-get-online-and-amazed-25478326.aspx
|
||
| Subject: Re: OT: Gates/Buffett Are Really, Really Rich | Date: 5/9/2007 3:27 PM | |
| Author: RaplhCramden | Number: 130026 of 273292 | |
|
I am amazed by what you can get online and amazed at what you can't get. The census through SIPP has networth by INCOME quintile. What I really want is net worth by networth quntile. It doesn't have that. But you can beat to death the information in http://www.census.gov/hhes/www/wealth/1998_2000/wlth00-4.html for example. Estimating the AVEARAGE net worth of each category to be the mean of the top and bottom of the range, but using $0 for "$0 or less" and using $750,000 for the "$500,000 and over", I summed up the various income quintile households to get something like:
The total number of households in the US seems to be 104.6 Million. Then the bottom 24% of households has about $2.4 trillion of net worth, ~24x as much as bill and warren. But still, bottom 15% of households have net nothing, so the top 2 richest guys combined own more than 15% of the entire American people. Of course, each one of the 85% of American households that has a positive net worth owns more than 15% of the entire American people. I personally own more than 15% of the entire American people. So plausibly the Guardian exagerrated by as little as 50% or so, the number could be as high as 20% that Bill+Warren owns more than. Really for a rag, that is not so bad. **** Despite exaggeration, the point that rich people have just unimaginably more money than poor people is, I think, a valid one. R: |
||
| Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||