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US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
LoP Guest
lop guest
User ID: 539705
03-26-2020 05:03 AM

 




Post: #1
flip US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
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The number of millionaires in the U.S. has plummeted from a record-high as the dual financial and health crises from the coronavirus pandemic slowly destroy the fortunes of the richest Americans.

At the end of 2019, there were an unprecedented 11 million American millionaires, evidence of the historic 11-year economic expansion and the tax cuts and ultra-low interest rates that accompanied it, according to a new study published by research firm Spectrem Group.

But the number of households in the U.S. above that threshold has dropped by at least 500,000 as of Friday. Wealthy Americans are more likely to feel the effects of a stock-market free-fall because they own more equity than the overall population. According to recent Federal Reserve data, the top 1 percent of households owned 53.5 percent of equities and mutual fund shares.


https://www.yahoo.com/finance/news/us-lo...34654.html
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LoP Guest
lop guest
User ID: 539944
03-26-2020 05:08 AM

 




Post: #2
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Suckers. chuckle
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Soul.
fuck around and find out
User ID: 508466
03-26-2020 05:11 AM

Posts: 10,320




Post: #3
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Good

[Image: GH01zeM.png]
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Lakeofmarch
Axte Incal, Axtuce Mun
User ID: 538381
03-26-2020 05:14 AM

Posts: 10,260




Post: #4
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
[Image: Worlds-Smallest-Violin.jpg]

All the world says my Tao is great, but seems odd, like nothing on earth.
If it was like anything else, how small it would have been from the very beginning!
https://terebess.hu/english/tao/wu.html
[Image: Figura-081.jpg]
Son Calenda/Fudo Myoo
secretsun.blogspot.com
-NO8DO-
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LoP Guest
lop guest
User ID: 455382
03-26-2020 05:17 AM

 




Post: #5
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Why does this make me feel snickety? chuckle
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LoP Guest
lop guest
User ID: 539870
03-26-2020 05:20 AM

 




Post: #6
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Smell like justice
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LoP Guest
lop guest
User ID: 375078
03-26-2020 05:20 AM

 




Post: #7
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Lakeofmarch  Wrote: (03-26-2020 05:14 AM)
link to image: https://www.cheapothrills.com/wp-content...Violin.jpg

chuckle
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LoP Guest
lop guest
User ID: 539950
03-26-2020 05:23 AM

 




Post: #8
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
a billion dollars is equal to 118.84$ per inhale/exhale each year

a million $ year is 11.9 cents or $0.118... per i/e

perspective

53% of economic wealth of USA is owned by 1% of uberich

my i/e worth of .0002somesuch
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spɹɐʍoɔ snoɯʎuouɐ
☇☇Vocem sine nomine audivit!☇☇
User ID: 350320
03-26-2020 05:26 AM

Posts: 46,386




Post: #9
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Soul.  Wrote: (03-26-2020 05:11 AM)
Good

agreed.. now is the time the CI/IC should be looking closely at who is raiding what offshore accounts. If there is ever a hope of restoring your democracy.. following the money right now is going to be essential.
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Soul.
fuck around and find out
User ID: 508466
03-26-2020 05:30 AM

Posts: 10,320




Post: #10
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
seize the worth of remaining millionaires and billionaires

[Image: GH01zeM.png]
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LoP Guest
lop guest
User ID: 463336
03-26-2020 06:32 AM

 




Post: #11
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Greatest day of my life
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LoP Guest
lop guest
User ID: 539705
03-26-2020 01:13 PM

 




Post: #12
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
That is why they want you to go back to work, they need to recuperate their money you lazy heathens.
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LoP Guest
lop guest
User ID: 520171
03-26-2020 01:20 PM

 




Post: #13
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
LoP Guest  Wrote: (03-26-2020 05:03 AM)
The number of millionaires in the U.S. has plummeted from a record-high as the dual financial and health crises from the coronavirus pandemic slowly destroy the fortunes of the richest Americans.

At the end of 2019, there were an unprecedented 11 million American millionaires, evidence of the historic 11-year economic expansion and the tax cuts and ultra-low interest rates that accompanied it, according to a new study published by research firm Spectrem Group.

But the number of households in the U.S. above that threshold has dropped by at least 500,000 as of Friday. Wealthy Americans are more likely to feel the effects of a stock-market free-fall because they own more equity than the overall population. According to recent Federal Reserve data, the top 1 percent of households owned 53.5 percent of equities and mutual fund shares.


https://www.yahoo.com/finance/news/us-lo...34654.html

That's not the "ultra wealthy", that's middle class 401k's and median priced homes for those near retirement.
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LoP Guest
lop guest
User ID: 474845
03-26-2020 01:20 PM

 




Post: #14
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Those millionaires are now going to be billionaires. That's why there us a decrease in millionaires. Simple logic.
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LoP Guest
lop guest
User ID: 520171
03-26-2020 01:22 PM

 




Post: #15
RE: US loses 500,000 millionaires as coronavirus pandemic erodes fortunes of ultra-we
Soul.  Wrote: (03-26-2020 05:30 AM)
seize the worth of remaining millionaires and billionaires

And sell it to who?
Net worth is stocks and buildings and other hard and soft assets, NOT CASH!
Who will buy them if you just stole them from someone else?
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