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March 19 2024 2.01am

Relative Wealth

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View Stirlingsays's Profile Stirlingsays Flag 21 Feb 18 7.14pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

According to the Cato Institute and commentaries I saw after it If you make thirty thousand a year you are in the top one percent of richest people in the world.

In your twenties in the Uk to be in the top one percent it's around 150 thousand and fifties around 400 thousand.

I'm not really making a social point here but these things are interesting all the same.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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View EverybodyDannsNow's Profile EverybodyDannsNow Flag SE19 21 Feb 18 7.24pm Send a Private Message to EverybodyDannsNow Add EverybodyDannsNow as a friend

Originally posted by Stirlingsays

According to the Cato Institute and commentaries I saw after it If you make thirty thousand a year you are in the top one percent of richest people in the world.

In your twenties in the Uk to be in the top one percent it's around 150 thousand and fifties around 400 thousand.

I'm not really making a social point here but these things are interesting all the same.

Quite shocking really. You couldn't even rent a decent flat in London on £30k a year, never mind buy a place, and yet you're amongst the top 1% in the world - certainly food for thought.

 

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View Stirlingsays's Profile Stirlingsays Flag 21 Feb 18 7.40pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by EverybodyDannsNow

Quite shocking really. You couldn't even rent a decent flat in London on £30k a year, never mind buy a place, and yet you're amongst the top 1% in the world - certainly food for thought.

By being born in the UK or any of the top ten nations of the nearly two hundred.....you already won the life lottery.

Edited by Stirlingsays (21 Feb 2018 7.40pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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View martin2412's Profile martin2412 Flag Living The Dream 21 Feb 18 8.47pm Send a Private Message to martin2412 Add martin2412 as a friend

Originally posted by EverybodyDannsNow

Quite shocking really. You couldn't even rent a decent flat in London on £30k a year, never mind buy a place, and yet you're amongst the top 1% in the world - certainly food for thought.

That's why it's a meaningless statistic because it's all relative.

Someone earning £5000 per year in somewhere like rural China would arguably enjoy a better quality of life.

 

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View Stirlingsays's Profile Stirlingsays Flag 21 Feb 18 9.03pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by martin2412

That's why it's a meaningless statistic because it's all relative.

Someone earning £5000 per year in somewhere like rural China would arguably enjoy a better quality of life.


That's why I included UK equivalences for two age groups.

But it's still true as an averaged world statistic.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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View cryrst's Profile cryrst Flag The garden of England 21 Feb 18 10.07pm Send a Private Message to cryrst Add cryrst as a friend

Surely that is disposable income after bills paid
Then yes 2.5 k a month to spunk ok but total income
No way pedro

 

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View the.universal's Profile the.universal 21 Feb 18 10.31pm Send a Private Message to the.universal Add the.universal as a friend

Many people that have marched against the 1% are actually in that 1%, in world terms at least. At worst hypocrites, at best ignorant.

 


Vive le Roy!

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View Stirlingsays's Profile Stirlingsays Flag 21 Feb 18 10.38pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by cryrst

Surely that is disposable income after bills paid
Then yes 2.5 k a month to spunk ok but total income
No way pedro

I think the disposable income point is a good one.

I wonder what the figures would look like on that score.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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View Stirlingsays's Profile Stirlingsays Flag 21 Feb 18 10.38pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by the.universal

Many people that have marched against the 1% are actually in that 1%, in world terms at least. At worst hypocrites, at best ignorant.

It's the champagne socialists that get me.

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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View becky's Profile becky Flag over the moon 22 Feb 18 7.38am Send a Private Message to becky Holmesdale Online Elite Member Add becky as a friend

Originally posted by Stirlingsays

According to the Cato Institute and commentaries I saw after it If you make thirty thousand a year you are in the top one percent of richest people in the world.

In your twenties in the Uk to be in the top one percent it's around 150 thousand and fifties around 400 thousand.

I'm not really making a social point here but these things are interesting all the same.

So how come so many people with their benefits capped at £26,000 are screaming 'poverty'?

 


A stairway to Heaven and a Highway to Hell give some indication of expected traffic numbers

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View EverybodyDannsNow's Profile EverybodyDannsNow Flag SE19 22 Feb 18 8.00am Send a Private Message to EverybodyDannsNow Add EverybodyDannsNow as a friend

Originally posted by becky

So how come so many people with their benefits capped at £26,000 are screaming 'poverty'?

Because £26,000 in London, for example, is barely enough to live on.

Wealth is described as relative for a reason.

 

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View EverybodyDannsNow's Profile EverybodyDannsNow Flag SE19 22 Feb 18 8.06am Send a Private Message to EverybodyDannsNow Add EverybodyDannsNow as a friend

Originally posted by the.universal

Many people that have marched against the 1% are actually in that 1%, in world terms at least. At worst hypocrites, at best ignorant.

I don't really understand this point - I was certainly ignorant to the fact I'm in the top 1% because I earn over £30k, so what?

Do you think that because someone earns £30k a year, they're a hypocrite to march against wealth inequality?

 

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