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Relative Wealth
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 Stirlingsays  21 Feb 18 7.14pm |
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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.
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| EverybodyDannsNow SE19 21 Feb 18 7.24pm |
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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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| Stirlingsays 21 Feb 18 7.40pm |
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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)
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| martin2412 Living The Dream 21 Feb 18 8.47pm |
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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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| Stirlingsays 21 Feb 18 9.03pm |
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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.
But it's still true as an averaged world statistic.
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cryrst  The garden of England 21 Feb 18 10.07pm |
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Surely that is disposable income after bills paid
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| the.universal 21 Feb 18 10.31pm |
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Many people that have marched against the 1% are actually in that 1%, in world terms at least. At worst hypocrites, at best ignorant.
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| Stirlingsays 21 Feb 18 10.38pm |
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Originally posted by cryrst
Surely that is disposable income after bills paid I think the disposable income point is a good one. I wonder what the figures would look like on that score.
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| Stirlingsays 21 Feb 18 10.38pm |
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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.
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 becky over the moon 22 Feb 18 7.38am |
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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'?
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| EverybodyDannsNow SE19 22 Feb 18 8.00am |
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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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| EverybodyDannsNow SE19 22 Feb 18 8.06am |
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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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