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I make over 34K a year. This puts me in the top 1% worldwide.
How long do you think such a high percentage of Westerners can remain in the top 1%?
Yep
You are in the wealthiest 0.5% of people in the world. There are 6,563,805,300 (more than 6.5 billion) people less wealthy than you. You are 111 times wealthier than a billion people. (A billion people earn less than $762 a year).
I make over 34K a year. This puts me in the top 1% worldwide.
How long do you think such a high percentage of Westerners can remain in the top 1%?
This is what makes me think that conservative canards aren't grassroots organic ideas. I heard Penn from Penn and Teller, that libertarian shill make the argument that people in the US can't complain because we are the one percent in the world.
Its a silly argument. Being in the top one percent in a world where the majority makes a dollar a day doesn't change the fact that we are still getting the raw side of the deal in terms of national income inequality.
Being in the lowest quadrant in the US still sucks.
That's a very difficult question to answer. It depends on a lot. Can the US sustain it's standard of living while losing manufacturing jobs? Not unless we create a new product every couple years that the world demands.
But at the same time, as China wages increase, it doesn't necessarily mean their standard of living will. China has no EPA, corruption runs rampant, their media is highly propagandized. There will eventually be another major shift of wealth from west to east, I'd say in the next century, but anything more specific is a wild guess. There's no telling what the political and economic climates will be, nor what events will happen to shape them.
http://www.leastof.org/worldwealthcalculator
$34,000
You are in the wealthiest 4.9% of people in the world. There are 6,279,611,650 (more than 6.2 billion) people less wealthy than you. You are 44 times wealthier than a billion people. (A billion people earn less than $762 a year).
$67,000
You are in the wealthiest 1.0% of people in the world. There are 6,531,596,382 (more than 6.5 billion) people less wealthy than you. You are 87 times wealthier than a billion people. (A billion people earn less than $762 a year).
This is what makes me think that conservative canards aren't grassroots organic ideas. I heard Penn from Penn and Teller, that libertarian shill make the argument that people in the US can't complain because we are the one percent in the world.
Its a silly argument. Being in the top one percent in a world where the majority makes a dollar a day doesn't change the fact that we are still getting the raw side of the deal in terms of national income inequality.
Being in the lowest quadrant in the US still sucks.
Not to mention, the capitalist model that typically gets sung praises in accordance with this fact fails to mention the dozens of capitalist nations that are poor as dirt.
Not to mention, the capitalist model that typically gets sung praises in accordance with this fact fails to mention the dozens of capitalist nations that are poor as dirt.
Its true but it doesn't matter. Its more mental gymnastics conservatives and libertarians spew to explain away income inequality in the US.
I'm baffled how they think they're actually going to convince working people scratching by with rising costs that everything is A OK because they make more than a poor family in India.
It's as though they're trying to create a different picture than the reality people find on the ground.
The Least of These
$34,000
You are in the wealthiest 4.9% of people in the world. There are 6,279,611,650 (more than 6.2 billion) people less wealthy than you. You are 44 times wealthier than a billion people. (A billion people earn less than $762 a year).
Quote:
Originally Posted by pnwmdk
There are NO capitalist nations that are poor.
Most of the world is poor and most of the world is capitalist. How do you guys even explain that away?
I'm curious. The economy in most nations is in private hands, and those nations are mostly poor.
Its true but it doesn't matter. Its more mental gymnastics conservatives and libertarians spew to explain away income inequality in the US.
I'm baffled how they think they're actually going to convince working people scratching by with rising costs that everything is A OK because they make more than a poor family in India.
It's as though they're trying to create a different picture than the reality people find on the ground.
The only mental gymnastics are yours, as you desperately attempt to re-write reality to fit your absurd and totally irrational and unworkable extremist ideology.
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