U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-20-2012, 01:00 PM
 
Location: Houston, Tx
8,260 posts, read 9,219,596 times
Reputation: 8198

Advertisements

Study ranks top cities where the ‘one percent’ live | Newswatch | a Chron.com blog

http://http://www.wealthx.com/articles/2011/wealth-x-lists-new-york-as-u-s-city-with-the-largest-number-of-ultra-high-net-worth-people/ (broken link)
Reply With Quote Quick reply to this message

 
Old 02-20-2012, 01:07 PM
 
Location: The land of sugar... previously Houston and Austin
5,429 posts, read 12,873,717 times
Reputation: 3623
Not surprising.
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 01:11 PM
 
Location: Westbury
3,283 posts, read 4,912,820 times
Reputation: 2922
The comments on the Houston chronicle website always makes me wish to buy some rural plot in some far away country and hide out for the rest of my life
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 01:53 PM
 
Location: Houston, Tx
8,260 posts, read 9,219,596 times
Reputation: 8198
Quote:
Originally Posted by AK123 View Post
Not surprising.
The one thing I did found surprising was that Washington D.C. was on the list. I thought D.C. was just full of government workers. Who knew you could get rich working for the government.
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 01:56 PM
 
Location: Houston, TX (Oak Forest)
4,517 posts, read 11,323,415 times
Reputation: 3607
Quote:
Originally Posted by 14Bricks View Post
The one thing I did found surprising was that Washington D.C. was on the list. I thought D.C. was just full of government workers. Who knew you could get rich working for the government.
As of some years ago the average pay for federal workers moved higher than average pay for private workers due to both rising government wages and stagnant private wages.
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 02:03 PM
 
Location: Houston, Tx
8,260 posts, read 9,219,596 times
Reputation: 8198
Quote:
Originally Posted by chris_ut View Post
As of some years ago the average pay for federal workers moved higher than average pay for private workers due to both rising government wages and stagnant private wages.

I don't think somebody on a government salary is in the top 1% of wealth.
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 02:07 PM
 
1,290 posts, read 4,838,528 times
Reputation: 717
Quote:
Originally Posted by 14Bricks View Post
I don't think somebody on a government salary is in the top 1% of wealth.
No, but the tens of thousands of people who Contract with the government can be. It only takes something like $300K a year to be "One Percent". Plenty of contractors and consultants make that with the government.
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 02:33 PM
 
Location: Houston, Tx
8,260 posts, read 9,219,596 times
Reputation: 8198
Quote:
Originally Posted by Supermac34 View Post
No, but the tens of thousands of people who Contract with the government can be. It only takes something like $300K a year to be "One Percent". Plenty of contractors and consultants make that with the government.
According to the article they are only counting people with a net worth of at least 30 million. 300k is way more than what I make, but I wouldn't consider myself wealthy or the 1% on a 300k salary. Also shouldn't San Jose be on this list, Silicon Valley is closer to San Jose than it is San Francisco.

Last edited by 14Bricks; 02-20-2012 at 02:44 PM..
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 03:27 PM
 
14,817 posts, read 18,832,006 times
Reputation: 11777
Quote:
Originally Posted by 14Bricks View Post
Study ranks top cities where the ‘one percent’ live | Newswatch | a Chron.com blog

http://http://www.wealthx.com/articles/2011/wealth-x-lists-new-york-as-u-s-city-with-the-largest-number-of-ultra-high-net-worth-people/ (broken link)
I'm still trying to understand the mention of the Occupy movement in the article.
And whatever this paragraph is supposed to mean.

“While Occupy Wall Street protesters may direct their anger at wealthy, New York bankers, the more relevant question is, ‘What about New York, or any of the other cities, has engendered unique ecosystems of education, risk capital and human capital that result in prosperity, and how can that be more geographically dispersed?’
Reply With Quote Quick reply to this message
 
Old 02-20-2012, 03:59 PM
 
496 posts, read 1,249,752 times
Reputation: 750
Race warfare (National Socialism) = evil
Class warfare (Communism) = evil

Don't look for a scapegoat. Don't look for the easy answer. Don't be evil.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top