Welcome login | signup
Language en es fr

Forum Post: 1% of the world vs 1% of the US.

Posted 10 years ago on Jan. 9, 2012, 4:41 p.m. EST by brightonsage (4494)
This content is user submitted and not an official statement

We are reminded that whether we are the richest guy in a poor community or the poorest guy in a rich community, it is the realistic opportunity to move up that matters. Regardless of the frame of reference the 99% finds the game is rigged against us/them, in the US or in the world.

Half Of The World’s Richest 1 Percent Are Americans | According to calculations by World Bank economist Branko Milanovi, half of the world’s richest 1 percent of earners, about 29 million people, are Americans. Four million members of the world’s 1 percent are Germans, while “the rest are mainly scattered throughout Europe, Latin America and a few Asian countries.” However, to be in the top 1 percent in terms of world earners, a household needs to make just $34,000 per person (so a family of four would need to make $136,000).By Pat Garofalo

Fixing the financial and governing systems to make sure everybody has a shot, is the standard against which change should be measured.



Read the Rules
[-] 1 points by ModestCapitalist (2342) 10 years ago

One thing I want to point out. As the most desperate people in the world multiply like rabbits and squease out hundreds of millions of babies they can't provide for, it changes the entire equation on a global scale.

So the point regarding $34,000 per individual household member is incredibly misleading. There is a huge difference between concentrating existing wealth and squeasing out more babies in the third world which makes it seem as if more wealth is being extracted from them.

The richest one percent in the developed world are concentrating too much wealth. Thats greed.

The most desperate people in the third world are squeasing out more babies they can't provide for. Thats stupid.

[-] 1 points by brightonsage (4494) 10 years ago

And the people who are encouraging them to have more babies and upon failing to convince them, then doing everything in their power to prevent them from using contraceptives, is well beyond stupid.

The $34,000, I believe, averages in the the US with all of the other countries developed or not.