Actscelerate.com Forum Index Actscelerate.com
Open Any Time -- Day or Night
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
@actscelerate Twitter  @actscelerate Facebook  @actscelerate Google+ 

Are you in the top 1% of income earners?

 
   Actscelerate.com Forum Index -> Acts-Celerate Post new topic   Reply to topic
View previous topic :: View next topic  
Message Author
Post Are you in the top 1% of income earners? Link
I heard an economist talking about this. If you make $34,000, he said, you are in the top 1%.

He said he wanted the people of the world to have our poverty level. If they were at that for income, they would be much richer.

He talked about percentages that lived on $1.90 a day and less, large percentages of the world.

Having lived overseas, I realize that some of these countries have lower priced options than here. There are lower standards of housing available in some countries than there are just not available here in the US. But, sure, $1.90 a day is not a lot of money. Adjusting for purchasing power might show a better picture.

He also pointed out that for most of history, most people were fairly poor. Then, there was a situation where there was a combination of factors, the legal system, economic factors, etc. that allowed for the growth of free enterprise.

I have been looking through ancestors wills and seeing they include household items in the will. Possessions were rarer just a few hundred years ago before the developments in manufacturing.
_________________
Link
Acts-perienced Poster
Posts: 11304
2/7/20 12:47 am


View user's profile Send private message
Reply with quote
Display posts from previous:   
Actscelerate.com Forum Index -> Acts-Celerate Post new topic   Reply to topic
All times are GMT - 5 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Acts-celerate Terms of Use | Acts-celerate Policy
World News Network | Acts-celerate Chat
Contact the Administrator.


Powered by phpBB © 2001, 2005 phpBB Group :: Spelling by SpellingCow.