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Author Topic: Make more than $32k? You are a one percenter  (Read 2321 times)
robbyd86
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July 07, 2014, 01:33:03 AM
 #41

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%
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beetcoin
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July 07, 2014, 03:38:29 AM
 #42

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.
robbyd86
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July 07, 2014, 03:54:11 AM
 #43

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)
boumalo
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July 07, 2014, 09:12:38 AM
 #44

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.


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

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.

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.

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.

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...

BitCoinNutJob
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July 07, 2014, 09:52:17 AM
 #45

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

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.
ALToids
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July 07, 2014, 11:03:41 AM
 #46

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.  Angry
hotsaucee
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July 07, 2014, 05:28:56 PM
 #47

$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.

Ron~Popeil
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July 07, 2014, 06:01:38 PM
 #48

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.

beetcoin
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July 07, 2014, 06:04:14 PM
 #49

$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.

that all depends on the cost of living though. $32k in ohio is enough to live decently well.
DannyElfman
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July 10, 2014, 02:57:09 AM
 #50

$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.

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.

This spot for rent.
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