Who Are The 1%?

<h2><a href="http://www.professorhollybell.com/wp-content/uploads/2012/01/29442ssj4gp91zy.jpg"><img class="alignleft size-medium wp-image-502" title="29442ssj4gp91zy" src="http://www.professorhollybell.com/wp-content/uploads/2012/01/29442ssj4gp91zy-199x300.jpg" alt="1%"width="199" height="300" /></a>So who are the top 1% of wage earners in America?</h2> By Holly A. Bell What are their lives and households like and what do they do? <a rel="nofollow" href="http://www.nytimes.com/2012/01/15/business/the-1-percent-paint-a-more-nuanced-portrait-of-the-rich.html?ref=business" target="_blank"><em>The New York Times</em> recently published an article</a> that gives us some real insights into the highest <i>1%</i> of income earners. You might be surprised who they are. The first thing most people don’t realize is the range of incomes in the top <u>1%</u>. The bottom of this group makes about $380,000 a year. While I realize this is a significant income, it is not unusual for a household with two working professionals to earn $380,000. Doctors, lawyers, pilots, entrepreneurs, accountants, and managers certainly have the potential to make $190,000 each or more. The thing that is significant about the lower end of the 1% is that these are the working class 1% who

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It’s Not Always a Competition

<a href="http://www.professorhollybell.com/wp-content/uploads/2012/01/659170i7dhnnvew.jpg"><img class="alignleft size-medium wp-image-395" title="659170i7dhnnvew" src="http://www.professorhollybell.com/wp-content/uploads/2012/01/659170i7dhnnvew-300x199.jpg" alt="Competition"width="300" height="199" /></a>Healthy <i>competition</i> is one thing, but… By Holly A. Bell I recently attended an ice hockey game that caused me to believe the Roman Empire still exists. They had simply moved The Colosseum from Rome to Anchorage.  I kept wondering which side Spartacus played for and why they’d traded swords and shields for hockey sticks and face-masks. To paraphrase Rodney Dangerfield, it was like going to the fights and having a hockey game break out. It seemed to have all the elements of the Roman games: drama, cheating, and fights to the death. But the most remarkable part was the spectators. Like every Colosseum <u>competition</u> I have ever watched in movies and on television, the bloodier the battle, the more they cheered. When it was broken up they booed. When the visiting team’s coach was thrown out of the game they booed and

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Why We Might All Fly On Private Jets

<a href="http://www.professorhollybell.com/wp-content/uploads/2012/01/53801eol4nf5amb.jpg"><img class="alignleft size-thumbnail wp-image-173" title="53801eol4nf5amb" src="http://www.professorhollybell.com/wp-content/uploads/2012/01/53801eol4nf5amb-150x150.jpg" alt="jets"width="150" height="150" /></a>By Holly A. Bell As election season whips into full swing, “the rich” and private <i>jets</i> have continued be a source of great debate. During the recent deficit debate one of the targets were private jet owners. The debate involved eliminating the accelerated depreciation on corporate <u>jets</u> that was part of the administration’s own stimulus package.<strong></strong><strong></strong><strong></strong><strong></strong> <h2><strong>Private Jets Mean Employment</strong></h2> Forget the fact that the general aviation industry employs 1.2 million people and generates $150 billion in revenue annually; or that Cessna and Gulfstream alone employ people in 15 cities nationwide. You should be concerned because the proposed tax increase on jet owners could impact you. Yes, you.  While private jets appear to be the toys of the rich and famous, you or your children might use one someday. Really. Your life is full of amenities previously reserved for the super-rich. <h2><strong>Your Home </strong></h2> During the 19<sup>th</sup>

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