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Old 03-17-2015, 02:10 PM
 
Location: Scottsdale, AZ
5,602 posts, read 3,466,955 times
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The love of money is the root of all evil.
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Old 03-17-2015, 02:29 PM
 
Location: Chicago
2,357 posts, read 2,010,693 times
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Quote:
Originally Posted by botticelli View Post
I don't think people should be punished for being rich and successful.

That being said, there should be a maximum cap of wealth that a person can pass to the next generation. Being rich is not a problem. Being rich purely through inheritance is.
Even when we had the marginal tax rate at more than double what it is now in the 50s, the rich were still plenty rich. The government had more money to play with though.

I'd rather raise the marginal rate on the top earners than stop people from disposing of their assets as they wish at their death, but that's me.
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Old 03-17-2015, 03:46 PM
 
Location: Dallas
282 posts, read 257,081 times
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Quote:
Originally Posted by jayo2k View Post
Well, MSA new York is like 22 millions. MSA DC is around 5 mil. So it is close. But I believe most billionaires in NY msa lives in manhattan
Yes, most live in Manhattan. But 22 live in the MSA suburbs outside of Manhattan (Northern NJ =7, Westchester= 8, Long Island = 7) . 18 live in Fairfield County CT. So that's 40 alone in the suburbs + the 114 in Manhattan ..if this is city proper.

Either way, it's not even close . NYC MSA has 20mm, DC has about 6mm which is about bout 3.5x larger..yet NYC has about 8X more billionaires, so its much higher per capita as well. And even then, using per capita is a bit silly since this group is too microscopic to make anything of their per capita #s. DC has never been a place of super-wealthy people.

Last edited by UAE50; 03-17-2015 at 04:09 PM..
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Old 03-25-2015, 04:40 PM
 
Location: East Central Pennsylvania/ Chicago for 6yrs.
2,539 posts, read 2,310,375 times
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The wealthiest cities in the world - A Luxury Travel Blog 2013

Here’s a round-up of the top 20 cities with the most millionaires, multi-millionaires and billionaires: DIVISIONS

......Millionaires.............................Mul ti-millionaires...........................Billionaires
1... Tokyo–461,000 millionaires.....1. London-4,224 multi-millionaires......1. New York–70 billionaires
2... New York – 389,000............2. Tokyo – 3,525...............................2. Moscow – 64
3... London – 281,000...................3. Singapore – 3,154.........................3. London – 54
4... Paris – 219,000......................4. New York – 2,929.......................4. Hong Kong – 40
5... Frankfurt – 217,000.................5. Hong Kong – 2,560.......................5. Beijing – 29
6... Beijing – 213,000....................6. Frankfurt – 1,868..........................6. Mumbai – 26
7... Osaka – 190,000.....................7. Mexico City – 1,850.......................7. Istanbul – 24
8... Hong Kong – 187,000..............8...Paris – 1,500................................8. Shanghai – 23
9... Shanghai – 166,000................9...Osaka – 1,450..............................9. Paris – 22
10. Singapore – 157,000...............10. Beijing – 1,318............................10. Los Angeles – 19
11. Seoul – 131,000.....................11. Seoul – 1,302..............................11. Shenzhen – 19
12. Munich – 130,000...................12. Toronto – 1,184...........................12.Chicago - 15
13. Rome – 127,000.....................13. Munich – 1,113............................13. Singapore – 13
14. Los Angeles – 126,000........14. Shanghai – 1,028.........................14. Tokyo – 12
15. Toronto – 118,000..................15. Los Angeles – 950.....................15. Guangzhou – 12
16. Chicago - 107,000...............16. Rome – 945.................................16. San Francisco –11
17. Sydney – 104,000..................17. Sydney – 931...............................17. Dallas – 11
18. Houston – 103,000..............18. Moscow – 821..............................18. Dubai – 11
19. Mexico City – 102,000.............19. Chicago - 809............................19. Houston – 10
20. Moscow – 101,000..................20. Houston – 777...........................20. Sao Paolo – 10

Apparently, according to the reports, the country to watch is China which is predicted to overtake Japan and Germany to become the second largest wealth market in the world by 2020. India is also expected to rise up the rankings, from 11th place in 2012 to 5th place by 2020.
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Old 03-25-2015, 09:19 PM
 
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The Forbes 400 billionaires: Where they live, how much they own, and how they got it - The Washington Post

This is an interesting look at billionaires per state.
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Old 03-25-2015, 11:22 PM
 
207 posts, read 242,895 times
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Quote:
Originally Posted by Sagittarius Sirius View Post
you have a 1% minority who control most of the world's wealth and you have millions in poverty who are starving to death across the world, equality my ass
actually the quality of everyone in the world is rising and poverty is being eradicated. You should real the Gates' Foundation report on the matter.
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Old 03-26-2015, 12:05 PM
 
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Poverty is being eradicated lol
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Old 03-27-2015, 11:55 AM
 
90 posts, read 142,979 times
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Quote:
Originally Posted by Sagittarius Sirius View Post
you have a 1% minority who control most of the world's wealth and you have millions in poverty who are starving to death across the world, equality my ass
The average American are part of the global 1% minority.

We are the 1%: You need $34k income to be in the global elite... and half the world's richest live in the U.S. | Daily Mail Online
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Old 03-27-2015, 11:57 AM
 
9,701 posts, read 6,669,821 times
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Quote:
Originally Posted by steeps View Post
The wealthiest cities in the world - A Luxury Travel Blog 2013

Here’s a round-up of the top 20 cities with the most millionaires, multi-millionaires and billionaires: DIVISIONS

......Millionaires.............................Mul ti-millionaires...........................Billionaires
1... Tokyo–461,000 millionaires.....1. London-4,224 multi-millionaires......1. New York–70 billionaires
2... New York – 389,000............2. Tokyo – 3,525...............................2. Moscow – 64
3... London – 281,000...................3. Singapore – 3,154.........................3. London – 54
4... Paris – 219,000......................4. New York – 2,929.......................4. Hong Kong – 40
5... Frankfurt – 217,000.................5. Hong Kong – 2,560.......................5. Beijing – 29
6... Beijing – 213,000....................6. Frankfurt – 1,868..........................6. Mumbai – 26
7... Osaka – 190,000.....................7. Mexico City – 1,850.......................7. Istanbul – 24
8... Hong Kong – 187,000..............8...Paris – 1,500................................8. Shanghai – 23
9... Shanghai – 166,000................9...Osaka – 1,450..............................9. Paris – 22
10. Singapore – 157,000...............10. Beijing – 1,318............................10. Los Angeles – 19
11. Seoul – 131,000.....................11. Seoul – 1,302..............................11. Shenzhen – 19
12. Munich – 130,000...................12. Toronto – 1,184...........................12.Chicago - 15
13. Rome – 127,000.....................13. Munich – 1,113............................13. Singapore – 13
14. Los Angeles – 126,000........14. Shanghai – 1,028.........................14. Tokyo – 12
15. Toronto – 118,000..................15. Los Angeles – 950.....................15. Guangzhou – 12
16. Chicago - 107,000...............16. Rome – 945.................................16. San Francisco –11
17. Sydney – 104,000..................17. Sydney – 931...............................17. Dallas – 11
18. Houston – 103,000..............18. Moscow – 821..............................18. Dubai – 11
19. Mexico City – 102,000.............19. Chicago - 809............................19. Houston – 10
20. Moscow – 101,000..................20. Houston – 777...........................20. Sao Paolo – 10

Apparently, according to the reports, the country to watch is China which is predicted to overtake Japan and Germany to become the second largest wealth market in the world by 2020. India is also expected to rise up the rankings, from 11th place in 2012 to 5th place by 2020.
This list is most definitely nonsense.

Is there anyone on earth who seriously believes that Frankfurt has twice as many millionaires as LA? There are about 6x as many people in the LA metro compared to Frankfurt, and much higher income inequality (so far more extreme wealth and poverty). There is no possible way that Frankfurt has twice the millionaires as LA.

I don't even think it would be possible for Frankfurt to have 25% of LA's millionaires. It isn't even the richest city in Germany, and has around 600k in the city and a few million in the metro.
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Old 03-27-2015, 12:03 PM
 
Location: Brooklyn, New York
3,231 posts, read 3,475,434 times
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Quote:
Originally Posted by RadicalAtheist View Post
Poverty is being eradicated lol
Yes it is. You just have no idea what poverty is. You are the part of the world's 1%.
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