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Old 04-07-2014, 01:40 PM
 
2,042 posts, read 2,904,948 times
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...apart from small Caribbean nations with resident billionaires. Worldwide, there is one billionaire for every USD 170 billion in household wealth; Russia has one for every USD 11 billion. Worldwide, billionaires collectively account for 1%–2% of total household wealth; in Russia today 110 billionaires own 35% of all wealth."

Enjoy, Donetsk!

https://publications.credit-suisse.c...32EC9100FF5C83
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Old 04-07-2014, 01:46 PM
 
Location: Ukraine (Kiev)
435 posts, read 420,858 times
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It certainly useful information, but I don't think that it should have been written in a separate subject: )
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Old 04-07-2014, 02:01 PM
 
18,069 posts, read 18,822,893 times
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And? It is a stat that has little meaning in regards to personal finance and wealth.

Russia still has a better quality of life and economics than many countries in the world. Wealth inequality is one of those fluff items that really mean little to nothing, whether talking about Russia, Canada, or the US.

Country A could have no wealth inequality, however, per capita income is only $500 a month; everyone is dirt poor.

Country B could have large income inequality, however, per capita income is $3,000 a month; many people have a middle class lifestyle.

Since you stated "enjoy Donetsk", this is probably a slight against Russia regarding the Ukraine situation, make no mistake about it, Russia has a much better economics and quality of life the Ukraine has.

Ukraine is a country that is basically bankrupted, about to come under harsh IMF conditions, two revolts in ten years, high unemployment, low quality of living, etc; Ukraine ranks 50th in GDP nominal, 106th PPP; by way of comparison, Russia is 8th in GDP nomincal, and 58th PPP.

WHo the heck would want to stick with Ukraine? That is like asking people in the US to stick with Detroit instead of NYC.
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Old 04-07-2014, 02:12 PM
 
1,863 posts, read 5,150,243 times
Reputation: 1282
Quote:
Originally Posted by boxus View Post
And? It is a stat that has little meaning in regards to personal finance and wealth.

Russia still has a better quality of life and economics than many countries in the world. Wealth inequality is one of those fluff items that really mean little to nothing, whether talking about Russia, Canada, or the US.

Country A could have no wealth inequality, however, per capita income is only $500 a month; everyone is dirt poor.

Country B could have large income inequality, however, per capita income is $3,000 a month; many people have a middle class lifestyle.

Since you stated "enjoy Donetsk", this is probably a slight against Russia regarding the Ukraine situation, make no mistake about it, Russia has a much better economics and quality of life the Ukraine has.

Ukraine is a country that is basically bankrupted, about to come under harsh IMF conditions, two revolts in ten years, high unemployment, low quality of living, etc; Ukraine ranks 50th in GDP nominal, 106th PPP; by way of comparison, Russia is 8th in GDP nomincal, and 58th PPP.

WHo the heck would want to stick with Ukraine? That is like asking people in the US to stick with Detroit instead of NYC.
And who the heck would want to stick with Russia?

As far as I understand, a lot of Ukrainians want independence from Russia, in spite of all those problems you listed in this post.
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Old 04-07-2014, 02:22 PM
 
18,069 posts, read 18,822,893 times
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Quote:
Originally Posted by movingwiththewind View Post
And who the heck would want to stick with Russia?

As far as I understand, a lot of Ukrainians want independence from Russia, in spite of all those problems you listed in this post.
Who would want to stick with Russia? Those who value a better quality of life and economics. While yes a lot of Ukrainians want independence, and they have independence since 1991, Ukraine is basically a failed state, unable to support itself no matter who is in charge.

It would be hard pressed to convince people that yet another revolt is suppose to bring in new found wealth and quality of life, in fact, once those IMF conditions set in, the quality of life is going to sink even more.

It is also hahrd pressed to be convinced the new gov is "for the people", when all they are doing is trying to pass through as many issues as possible before an election, why is this? This gov is not elected, yet approving vital legislation that will impact all people in Ukraine for years to come.

Maybe you never lived over there are in a poor area, but people kind of start getting tired of trying to "stick with it", when they view across the border and see a much better quality of life, one that is within reach if they can manage it.
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Old 04-07-2014, 02:23 PM
 
2,042 posts, read 2,904,948 times
Reputation: 1546
Quote:
Originally Posted by boxus View Post
And? It is a stat that has little meaning in regards to personal finance and wealth.

Russia still has a better quality of life and economics than many countries in the world. Wealth inequality is one of those fluff items that really mean little to nothing, whether talking about Russia, Canada, or the US.

Country A could have no wealth inequality, however, per capita income is only $500 a month; everyone is dirt poor.

Country B could have large income inequality, however, per capita income is $3,000 a month; many people have a middle class lifestyle.

Since you stated "enjoy Donetsk", this is probably a slight against Russia regarding the Ukraine situation, make no mistake about it, Russia has a much better economics and quality of life the Ukraine has.

Ukraine is a country that is basically bankrupted, about to come under harsh IMF conditions, two revolts in ten years, high unemployment, low quality of living, etc; Ukraine ranks 50th in GDP nominal, 106th PPP; by way of comparison, Russia is 8th in GDP nomincal, and 58th PPP.


WHo the heck would want to stick with Ukraine? That is like asking people in the US to stick with Detroit instead of NYC.
I'll remember that first comment the next time I have to listen to a Russian complain about how the oligarchs stole all their money.

How is Ukraine different from Poland, Hungary, Bulgaria, et al? One day, whatever is left of Ukraine -- that is, after all of the Russians therein are "saved" -- will become part of the EU, and their quality of life will be much higher than Russia's. It's just a matter of time and leadership.
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Old 04-07-2014, 02:33 PM
 
Location: Estonia
1,704 posts, read 1,838,322 times
Reputation: 2293
Quote:
Originally Posted by boxus View Post
Who would want to stick with Russia? Those who value a better quality of life and economics. While yes a lot of Ukrainians want independence, and they have independence since 1991, Ukraine is basically a failed state, unable to support itself no matter who is in charge.

It would be hard pressed to convince people that yet another revolt is suppose to bring in new found wealth and quality of life, in fact, once those IMF conditions set in, the quality of life is going to sink even more.

It is also hahrd pressed to be convinced the new gov is "for the people", when all they are doing is trying to pass through as many issues as possible before an election, why is this? This gov is not elected, yet approving vital legislation that will impact all people in Ukraine for years to come.

Maybe you never lived over there are in a poor area, but people kind of start getting tired of trying to "stick with it", when they view across the border and see a much better quality of life, one that is within reach if they can manage it.
Better a horrible end than an endless horror. Endless horror here stands for Russia.
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Old 04-07-2014, 02:36 PM
 
18,069 posts, read 18,822,893 times
Reputation: 25191
Quote:
Originally Posted by jeffpv View Post
I'll remember that first comment the next time I have to listen to a Russian complain about how the oligarchs stole all their money.

How is Ukraine different from Poland, Hungary, Bulgaria, et al? One day, whatever is left of Ukraine -- that is, after all of the Russians therein are "saved" -- will become part of the EU, and their quality of life will be much higher than Russia's. It's just a matter of time and leadership.
Even the US, has people complain about wealth inequality (you can Google the numerous articles and even threads here on this forum); basically where ever in the world one person has more than another, someone will complain.

And wealth inequality being meaningless in this scenario has nothing to do with the corruption going on in Russia, a different subject with legitimate complaints.
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Old 04-07-2014, 02:41 PM
 
18,069 posts, read 18,822,893 times
Reputation: 25191
Quote:
Originally Posted by KuuKulgur View Post
Better a horrible end than an endless horror. Endless horror here stands for Russia.
Yes, because you think people jsut should suffer because of your blind hate towards Russia, of course, sounds legit.

Ukraine has not offered anything to its people for over two decades, this revolt against a fairly elected president was the straw that broke the camel's back; you cannot ever accept that in fact, people rather have a better quality of life, and Russia can offer that.

Of course you being in Estonia, you have been brainwashed from birth regarding Russia, and are obtuse to any facts that get in the way, to the point of stating obsurd statements like the one quoted above.
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Old 04-07-2014, 02:43 PM
 
Location: southern california
61,288 posts, read 87,431,754 times
Reputation: 55562
Know what their solution is when u demand wealth equality
Kick you out in the snow and laugh
Not much white guilt in moscow
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