Bitcoin Forum

According to http://www.globalrichlist.com/ if you make more than $32,000 you are among the richest people in the world.

Also if you have more than 1400 bitcoins you can consider yourself among the wealthiest 1% in the world along with the Rockafellers and Venderbuilts.

As per this statistics i am not a rich fellow right now

I appear to be remarkably poor at the moment. Hopefully as I have kept reinvesting all my BTC I may start to see some payback soon.

*ugh*

Even if you had 1000000 Bitcoins, to someone like the Rockefellers you'd still be a poor 99% peasant.
Also bare in mind the truly wealthiest persons on the planet you would never find on any public list. Their wealth alone dwarfs those of the public known riches.

But anyway, if you are employed on average salary somewhere in the western world, that almost automatically gets you into the top 10% of world population.
Not because you're so wealthy - but because the masses elsewhere are so incredibly poor.

I missed something. 1400BTC = $700,000 thats not much and its not even 0.5% of their wealth

I am in most poor peoples list because right now I have only 1000 satoshi in my wallet and looking for world bank add program  :(

Yes, of course. Countless trillions of dollars in wealth are just sitting around somewhere and no one's ever noticed them or wondered about them. Totally plausible!

  You are right. They are smart enough to make and keep trillions of dollars, but not smart enough to hide it from you! Ever hear of money laundering? The money doesn't just fall off the grid, it is made to look like something else. Just ask UBS, HSBC, Wachovia, etc....

lol
Of course they don't go unnoticed, far from that. But the central banks and world's largest banks know how to keep their mouth shut, so do the governments they control.
No inquiry from your side (or any other citizen) will ever make them talk. These people don't talk in public about these matters. They never do.

Ask yourself just who owns the world's central banks - then you're getting closer... Then realize a few Trillion Dollars literally don't mean shit to these people, they can print them at will in almost any currency they want - almost worldwide.
They're not interested in paper FIAT other than in its function as a control tool to them. That is what I'm talking about...

That makes sense. Just not a 1% in the US.

Yes! There is often a person to find out how much BTC, always very ironic, but the fact is this.

Do you feel now? I think you see haze now.

There is a nice entertaining video about inequality : https://www.youtube.com/watch?v=znpjVWNjym0
Very easy to watch and very informative

I make around $7K per year. So.... a long way to go.

Are you really among the richest people in the world if you make only more than $32,000?

If you compare yourself to those in africa, you are rich. Since 80% of world population earns less than 15000$/year, yeap...can consider yourself kinda rich.

That's £19225 in the U.K. BTC wise I'm just under half way starting next month.

that's per year or what?

Per year. for sure.

No you have to make more than 19,000£ in the UK to be in the 1%

19k£ is probably the average salary

This is a clear reminder of how poor most of the world is.

Oh wow that was so well put that I had to quote it and point out for anyone else who may have missed your post.  That is such a great example of how bad things really are.  I commend you for hitting the nail right on the head.

-If you are interested by the subject watch this video https://www.youtube.com/watch?v=znpjVWNjym0 and tell me if you learn something

It shows you that people earning less than 1$/day have a very different life from people earning 5$/day

-In 1947 the average salary in purchasing power and after taxes was higher than it is today in the states : https://www.youtube.com/watch?v=kHDcl5aiGus

Without the spending of the state corruption and bad government regulations, the average salary would be WELL over 100,000$ after taxes

I will definitely be checking out that link and will let you know my thoughts many thanks for the link !

I am glad there are so many one percenters here who have more money than you need and will soon be giving away most of it to the 99%.

Yes, of course.
Countless trillions of dollars in wealth are just sitting around somewhere and no one's ever noticed them or wondered about them.
Totally plausible!

Cost of living does not seem to factor in that argument at all.  Someone who makes $5000 a year in Guatemala or Nepal arguably has a higher quality of living than someone barely scraping by on a working class (less than $40K) income in a developed country.

$32K a year in Los Angeles and New York is only going to get you a moldy basement with roommates or a dingbat apartment built back in the 1950s.   Whereas you can live like a king in a lot of third world countries at a $100 to $300 a month budget.

This forum is worlwide my friend - welcome to 'also outside the US'...

It's irreverent and it's one of those propaganda articles to convince poor working class people in the United States that they're rich, even though someone making $20K in a third world country has a superior standard of living.

You need to take into account the cost of living and compare the revenue after taxes


The world has never been so wealthy, tens to hundreds of millions of persons go out of extreme poverty every year; 1billion persons went out of extreme poverty in asia in a few decades

And the proof is..?  Anyone can manipulate statistics to make it look like anything is happening.   The only thing which has happened is increasing urbanization and I don't know if I would characterize that as an end to poverty.  It's arguably better for people to live in rural villages with their own homes than to crowd people into slums and urban sprawls.

Hmm, not wanting to be irreverent, I think your post is...

No I intended to use the word irreverent.  These sort of articles are often printed with the intent of making Americans look privileged, when in reality there's many poor people in America.

Then I don't see how my post (pointing out to a seemingly isolated USA citizen that world is bigger than the USA) is irreverent - where was my lack of respect for people or things...

Implied disrespect.  It's not the 1980s or 1960s anymore.  Quality of life and standard of living in many areas of USA is parallel or less than most areas of Europe, yet many people still think the streets are paved with gold in America.  The reality is the American dream is more likely to be found abroad than within America.   America hasn't been great since the 1980s.

Many American cities are simply terrible nowadays.  If you think America's great then go ahead and live in a typical American city like Chicago and come back to me (alive).  The reality is many American cities suffer from urban decay.

Cities like Belgrade, Sarajevo and Riga are considered "dangerous and the worse" in Europe but compared to typical American cities the "worse of Europe" beats America's best.  I'ld sooner live in Riga or Sarajevo then in Portland Oregon - I've been to all three cities in person, so my mind's made up..

I meant no implied disrespect and still cannot follow your train of thought in that regard. Regarding the USA as a whole, for me (UK) I think of you all as 'cousins' - but you all scare the hell out of me with your obsession with guns, love for money and war and big mcdonalds fast food obesity crisis (sorry generalising here)...

Much respect to your thinking however, at least you do that.

those numbers ignore something: cost of living. if you make 32k and live in the US, it's much more difficult to get by since your bills are high. if you lived in a 3rd world country and make $32k, then you are most certainly more wealthy than the american making 32k.

Most people that make 32k or more owe at least that much in debt. It would be interesting to see where we stack up in the net worth category.

maybe most in the states.. our financial system is all leveraged on debt and the future value of money.

Agreed that $32,000/year doesn't go far in many USA locations. Perhaps "one percenter" is better defined as the top 1% of the 10 or 20 wealthiest nations.

I prefer to say I'm in the top 3.65% rather than I am the 219,013,152nd richest person on earth as the website said lol.  But ya I think this is all relative, I would be rich in many parts of the world, but in the U.S I'm probably in the bottom 20-30%

this calculator is also based on income and ignores assets? what if i'm, for example, a billionaire and lost money last year in investments? i don't like the site at all.

There's an option between income and wealth, if you choose wealth you can put all your assets down I think (I only glanced at that)

Revenue per day, having a bicycle or not, access to water, death at birth, life expectancy, nimber of children, % of literate are not subjective, it is a revolution that has started a few decades ago and it still going on : people are coming out of poverty thanks to the free market but the big states are slowing down the process with corruption, spending and bad regulations
Learn about the world you live in!

BTW the calculator should also take into account if you are a family of one two three...

Correct its all relative, $32k a year isnt bad but surely depends on what you are doing for a living.  Some jobs aren't worth $200k a year health is far more valuable.

The median and average of the top 1% in America are wildly different numbers.  Considering people on the low end of the income scale often do transaction in cash and off the grid, the rich/upper middleclass might be 1% but they are 10000 magnitudes poorer than something like the Rockafellers.

Funny how those multi-billion dollar families don't seem to be hit with estate taxes while those who saved up 1-3 million during our lifetime lose over 1/2 when we die.  Money buys good legislation.  >:(

$32,000 a year isnt much in the u.s.

Although this has opened my eyes a bit, since u.s lives in a bubble.

There are aways a lot of variables in such studies. Generally statisticians ignore the ones that run counter to the agenda of the entity funding the study.

that all depends on the cost of living though. $32k in ohio is enough to live decently well.

32k in most places of the US can allow you to live a decent standard of living, this is especially true if you do not have a family as you can split family related costs such as housing (with roommates), and transportation (with carpooling) as well as the fact that you don't need to support others.