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Are you one of the worlds wealthiest 1%/
Topic Started: Jan 19 2015, 04:57 PM (889 Views)
Tytoalba
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Are you one of the worlds wealthiest 1% or even one of the worlds wealthiest top 5% ?
We do hear a great deal about the poor in this country, with the demands that the truly rich should pay more tax, but are YOU one of the worlds rich?

If your annual income is just £24,000 a year YOU are in the top 1% wealthiest in the world, and if your annual income is £15,000 a year, then you are in the top 5% I doubt that there is one active socialist on this board who is not on the worlds rich list.
Welcome to the rich list. 8-)
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papasmurf
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Tytoalba
Jan 19 2015, 04:57 PM

If your annual income is just £24,000 a year YOU are in the top 1% wealthiest in the world,
What are you on about?
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Tytoalba
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papasmurf
Jan 19 2015, 05:17 PM
Tytoalba
Jan 19 2015, 04:57 PM

If your annual income is just £24,000 a year YOU are in the top 1% wealthiest in the world,
What are you on about?
Counting ones blessings.
The worlds population is currently 7 billions and growing by the hour. Many of our own on benefits are better off than 95% of the worlds population, and in many cases better off than 96%, 97%, 98% or even 99% of the worlds population, yet they are seen as being deprived.
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Marconi
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I have heard the 5% figure a few times, but 1%? I thought that the 1% hold half of the global wealth.

But if you're right, I'll get that Aston Martin tomorrow.



Edited by Marconi, Jan 20 2015, 11:36 AM.
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Steve K
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papasmurf
Jan 19 2015, 05:17 PM
Tytoalba
Jan 19 2015, 04:57 PM

If your annual income is just £24,000 a year YOU are in the top 1% wealthiest in the world,
What are you on about?
Probably this BBC article http://www.bbc.co.uk/news/business-30879173

which refers to this Oxfam report issued today: http://oxfamilibrary.openrepository.com/oxfam/bitstream/10546/338125/8/ib-wealth-having-all-wanting-more-190115-en.pdf

Which IMHO do not support the OP
Edited by Steve K, Jan 19 2015, 06:46 PM.
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Affa
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Just a down to earth remark, but the rent most people pay for a roof over their head comes to more than half that £15k figure. Add in utility bills, and council tax and the result is you'd be left with less than the 89p per day spend that is the official figure for abject (EXTREME) poverty.

Remind - The cost of Living is different in other countries - here it is HUGE.

edit ...... to say; Forty years ago a husband could live well and provide for a family on £10 per day.
What you earn, live on, is not any measure of how wealthy you are unless you know what it costs to live.




Edited by Affa, Jan 19 2015, 07:56 PM.
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papasmurf
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Steve K
Jan 19 2015, 06:43 PM
It can't be from that.
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Steve K
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papasmurf
Jan 19 2015, 07:55 PM
Steve K
Jan 19 2015, 06:43 PM
It can't be from that.
Well that's the one that I saw mentioned on the news today.

We can but hope that Tyto posts his link - my bet is he missed out 3 zeroes.
Edited by Steve K, Jan 20 2015, 12:02 AM.
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papasmurf
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Steve K
Jan 19 2015, 07:57 PM
leastWell that's the one that I saw mentioned on the news today.

We can but hope that Nonsense posts his link - my bet is he missed out 3 zeroes.
At least three, the other report I saw quotes it in dollars something like $2.75 millon a year.
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Steve K
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papasmurf
Jan 19 2015, 08:02 PM
Steve K
Jan 19 2015, 07:57 PM
leastWell that's the one that I saw mentioned on the news today.

We can but hope that Nonsense posts his link - my bet is he missed out 3 zeroes.
At least three, the other report I saw quotes it in dollars something like $2.75 millon a year.
Well I didn't want to be in the top 1% anyway, who would?
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papasmurf
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Steve K
Jan 19 2015, 08:13 PM
Well I didn't want to be in the top 1% anyway, who would?
Worth a read, and one of the reasons why no I wouldn't either:-

http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html#.VL1mEWdybIU
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Affa
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Affa
Jan 19 2015, 07:51 PM
Just a down to earth remark, but the rent most people pay for a roof over their head comes to about half that £15k figure. Add in utility bills, and council tax etc and the result is you'd be likely be left with less than the 89p per day spend that is the official figure for abject (EXTREME) poverty.

Remind - The cost of Living is different in other countries - here it is HUGE.

edit ...... to say; Forty years ago a husband could live well and provide for a family on £10 per day.
What you earn, live on, is not any measure of how wealthy you are unless you know what it costs to live.





How wealthy would a man be in Bangkok on £10 per day ......... average earnings TBH <10k baht per month = £202.

Edited by Affa, Jan 19 2015, 09:43 PM.
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Steve K
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papasmurf
Jan 19 2015, 08:16 PM
Steve K
Jan 19 2015, 08:13 PM
Well I didn't want to be in the top 1% anyway, who would?
Worth a read, and one of the reasons why no I wouldn't either:-

http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html#.VL1mEWdybIU
yes a good read but I have other reasons. First I'd feel THAT guilty ad I like to sleep nights. Second I can walk into so so many pubs, shops, restaurants etc and know I won't be the richest there (maybe I won't be the poorest either) and that means my values, ideas, conversation, ambitions etc etc are going to be broadly convergent with most people I casually meet.

It must be lonely as hell to be in that 1%

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LillyBee
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The cost of living in the states is Super High and although I don't live in Chicago any longer, I would like to tell you parking a car in that town for a month costs in MANY cases as much as double the average mortgage in other towns.

I love it though, maybe since I love it so much, they will let me live free. In case anyone with 'pull' is reading this, I would like right on the lake 'outer drive' Since I am poor, I like to dream.

Just kidding, I just like enough to pay my bills and I am happy.
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Affa
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LillyBee
Jan 19 2015, 08:45 PM
The cost of living in the states is Super High and although I don't live in Chicago any longer, I would like to tell you parking a car in that town for a month costs in MANY cases as much as double the average mortgage in other towns.

I love it though, maybe since I love it so much, they will let me live free. In case anyone with 'pull' is reading this, I would like right on the lake 'outer drive' Since I am poor, I like to dream.

Just kidding, I just like enough to pay my bills and I am happy.

My time in Chicago September 2009 is a special memory ...... such a friendly place, where I always felt completely at home. So much so that I remarked I could quite happily move there to live.
Met a couple from Buffalo there on their anniversary vacation ....... long nights with no let up in conversation or beer ...........



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Pro Veritas
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Tytoalba
Jan 19 2015, 04:57 PM
If your annual income is just £24,000 a year YOU are in the top 1% wealthiest in the world,
Utter rubbish.

The top 1% of the planet now control just under 50% of ALL wealth.

On current trends it will be 52% by the end of 2016.

The idea that £24k/pa puts one in the top 1% is, frankly, retarded.

All The Best
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Tytoalba
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Steve K
Jan 19 2015, 07:57 PM
papasmurf
Jan 19 2015, 07:55 PM
Steve K
Jan 19 2015, 06:43 PM
It can't be from that.
Well that's the one that I saw mentioned on the news today.

We can but hope that Nonsense posts his link - my bet is he missed out 3 zeroes.
http://www.globalrichlist.com
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johnofgwent
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It .. It is GREEN !!
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Affa
Jan 19 2015, 07:51 PM
Just a down to earth remark, but the rent most people pay for a roof over their head comes to more than half that £15k figure. Add in utility bills, and council tax and the result is you'd be left with less than the 89p per day spend that is the official figure for abject (EXTREME) poverty.

Remind - The cost of Living is different in other countries - here it is HUGE.

edit ...... to say; Forty years ago a husband could live well and provide for a family on £10 per day.
What you earn, live on, is not any measure of how wealthy you are unless you know what it costs to live.




!tkq! !clp!

What we earn is pointless unless we factor it against the cost of eating and staying warm on a winter day such as today was
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Steve K
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Tytoalba
Jan 19 2015, 11:59 PM
Steve K
Jan 19 2015, 07:57 PM
papasmurf
Jan 19 2015, 07:55 PM
Steve K
Jan 19 2015, 06:43 PM
It can't be from that.
Well that's the one that I saw mentioned on the news today.

We can but hope that Nonsense posts his link - my bet is he missed out 3 zeroes.
http://www.globalrichlist.com

Ta and apologies to Nonsense who I mistakenly said wrote the OP

That site certainly puts the 1% point at £25,300 which is a bit of a shock
Edited by Steve K, Jan 20 2015, 12:06 AM.
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johnofgwent
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It .. It is GREEN !!
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Steve K
Jan 20 2015, 12:05 AM
Tytoalba
Jan 19 2015, 11:59 PM
Steve K
Jan 19 2015, 07:57 PM
papasmurf
Jan 19 2015, 07:55 PM

Quoting limited to 4 levels deephttp://www.bbc.co.uk/news/business-30879173
Well that's the one that I saw mentioned on the news today.

We can but hope that Nonsense posts his link - my bet is he missed out 3 zeroes.
http://www.globalrichlist.com

Ta and apologies to Nonsense who I mistakenly said wrote the OP

That site certainly puts the 1% point at £25,300 which is a bit of a shock
That is probably because those sites that say 1% of the population hold 50% of thewealth or whatever it is they say utterly fail to count the people who live in places like sierra Leone where you erect galvanised tin squats and earn 50p a week. Such sites don't even recognise those people in the equation.

How many of the Syrians Iraqis Chadians Cameroon's and so on taken prisoner by ISIS and Book Haram are going to lose their houses because they can't keep up the mortgage payments while they stay kidnapped... Do you not realise that problem is why we are a prize target for Somali pirates if we are stupid enough to get near their coast ...

I am quite prepared to believe we are indeed in the top 1% of the worlds income receivers. But if she was not able to park her car on the street in a nearby housing estate the lib dem council don't give a fuck about the occupants of, the first two hours of every days pay my daughter ears would vanish in car parking charges in Cardiff town centre. And there ARENT any trains or buses running at the time she starts and finishes some shifts so the car is taking most of the rest of the salary ...
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AndyK
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LillyBee
Jan 19 2015, 08:45 PM
The cost of living in the states is Super High and although I don't live in Chicago any longer, I would like to tell you parking a car in that town for a month costs in MANY cases as much as double the average mortgage in other towns.

I love it though, maybe since I love it so much, they will let me live free. In case anyone with 'pull' is reading this, I would like right on the lake 'outer drive' Since I am poor, I like to dream.

Just kidding, I just like enough to pay my bills and I am happy.
It costs about £300,000 for a parking space in central London.
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Happy Hornet
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Me in the top 1%?

A ridiculous notion, in fact my Butler and I had a good laugh about it when he brought me my breakfast this morning.

Anyway must go and start the long trek to my front door.
Edited by Happy Hornet, Jan 20 2015, 08:53 AM.
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Steve K
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Happy Hornet
Jan 20 2015, 08:52 AM
Me in the top 1%?

A ridiculous notion, in fact my Butler and I had a good laugh about it when he brought me my breakfast this morning.

Anyway must go and start the long trek to my front door.
!clp! ^


Should always make sure we distinguish between wealth and income, they are not the same. The same site says you need to have net worth of £615,000 to be in the top 1%

Also interesting that the site doesn't quote its data sources. I'm going to stick my neck out and say it has got something badly wrong or twisted along the way

Here's my rationale

1% of the world's population is ~70million

But we have
- 30million in the UK on average earning more than that £25,100
- 37 million in Germany on average earning more than that £25,100
- 27 million in France on average earning more than that £25,100
- 22 million in Italy on average earning more than that £25,100
- 63 million in Japan with about 1/3 on average earning more than that £25,100
- 53 million in Canada on average earning more than that £25,100
- 147 million in the USA on average earning more than that £25,100

That's already 340million (or about 5% of the world incl children and pensioners) who on average exceed that income. Now an average is not a median but it just doesn't seem to add up does it that £25,100 puts you in the top 1%

So I'm calling it bollocks





Edited by Steve K, Jan 20 2015, 11:10 AM.
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Affa
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Steve K
Jan 20 2015, 11:09 AM
Happy Hornet
Jan 20 2015, 08:52 AM
Me in the top 1%?

A ridiculous notion, in fact my Butler and I had a good laugh about it when he brought me my breakfast this morning.

Anyway must go and start the long trek to my front door.
!clp! ^


Should always make sure we distinguish between wealth and income, they are not the same. The same site says you need to have net worth of £615,000 to be in the top 1%

Also interesting that the site doesn't quote its data sources. I'm going to stick my neck out and say it has got something badly wrong or twisted along the way

Here's my rationale

1% of the world's population is ~70million

But we have
- 30million in the UK on average earning more than that £25,100
- 37 million in Germany on average earning more than that £25,100
- 27 million in France on average earning more than that £25,100
- 22 million in Italy on average earning more than that £25,100
- 63 million in Japan with about 1/3 on average earning more than that £25,100
- 53 million in Canada on average earning more than that £25,100
- 147 million in the USA on average earning more than that £25,100

That's already 340million (or about 5% of the world incl children and pensioners) who on average exceed that income. Now an average is not a median but it just doesn't seem to add up does it that £25,100 puts you in the top 1%

So I'm calling it bollocks





!clp!
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Tigger
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Tytoalba
Jan 19 2015, 04:57 PM
Are you one of the worlds wealthiest 1% or even one of the worlds wealthiest top 5% ?
We do hear a great deal about the poor in this country, with the demands that the truly rich should pay more tax, but are YOU one of the worlds rich?

If your annual income is just £24,000 a year YOU are in the top 1% wealthiest in the world, and if your annual income is £15,000 a year, then you are in the top 5% I doubt that there is one active socialist on this board who is not on the worlds rich list.
Welcome to the rich list. 8-)

^ Is someone missing a senile granddad?


;-)




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Tytoalba
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Steve K
Jan 20 2015, 12:05 AM
Tytoalba
Jan 19 2015, 11:59 PM
Steve K
Jan 19 2015, 07:57 PM
papasmurf
Jan 19 2015, 07:55 PM

Quoting limited to 4 levels deephttp://www.bbc.co.uk/news/business-30879173
Well that's the one that I saw mentioned on the news today.

We can but hope that Nonsense posts his link - my bet is he missed out 3 zeroes.
http://www.globalrichlist.com

Ta and apologies to Nonsense who I mistakenly said wrote the OP

That site certainly puts the 1% point at £25,300 which is a bit of a shock
As I said, food for thought and for getting our own affairs in perspective.

Here is another site I find interesting. hppt://www.census.gov/popclock
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Steve K
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Tytoalba
Jan 20 2015, 12:32 PM
. . . Here is another site I find interesting. hppt://www.census.gov/popclock
/8/

worrying that one. (actually it's http://www.census.gov/popclock/ )
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papasmurf
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Steve K
Jan 20 2015, 11:09 AM

- 30million in the UK on average earning more than that £25,100






That is complete total and utter rubbish. How you have managed to come to that conclusion I really cannot understand.

http://www.ons.gov.uk/ons/rel/ashe/annual-survey-of-hours-and-earnings/2014-provisional-results/stb-ashe-statistical-bulletin-2014.html

•In April 2014 median gross weekly earnings for full-time employees were £518, up 0.1% from £517 in 2013. This is the smallest annual growth since 1997, the first year for which ASHE data are available. Growth has been slower since the economic downturn, with the annual increase averaging around 1.4% per year between 2009 and 2014.
•Adjusted for inflation, weekly earnings decreased by 1.6% compared to 2013. The largest decrease was between 2010 and 2011, but inflation-adjusted earnings have continued to decrease every year since 2008, to levels last seen in the early 2000s.
•For the year ending 5 April 2014 median gross annual earnings for full-time employees (who had been in the same job for at least 12 months) were £27,200, an increase of 0.7% from the previous year.
•The gender pay gap has narrowed, to 9.4% compared with 10.0% in 2013. This is the lowest since records began in 1997, and despite a relatively large increase between 2012 and 2013, there is an overall downward trend, from 17.4% in 1997.
•In April 2014 the bottom 10% of full-time employees earned less than £288 per week. At the other end of the distribution, the top 10% of full-time employees earned more than £1,024. Since 1997, earnings at the 90th percentile have remained consistently at around 3.5 times earnings at the 10th percentile.
•Median gross weekly earnings for full-time employees increased by 1.0% in the public sector, and by 0.7% in the private sector. The gap has closed slightly over the long term, but private sector earnings have remained consistently at around 85% of public sector earnings since 2009.
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Tytoalba
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Tytoalba
Jan 20 2015, 12:32 PM
Steve K
Jan 20 2015, 12:05 AM
Tytoalba
Jan 19 2015, 11:59 PM
Steve K
Jan 19 2015, 07:57 PM

Quoting limited to 4 levels deephttp://www.bbc.co.uk/news/business-30879173
http://www.globalrichlist.com

Ta and apologies to Nonsense who I mistakenly said wrote the OP

That site certainly puts the 1% point at £25,300 which is a bit of a shock
As I said, food for thought and for getting our own affairs in perspective.

Here is another site I find interesting. hppt://www.census.gov/popclock
try http://www.census.gov/popclock otherwise just Google world population clock There are more than one.
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Tytoalba
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Steve K
Jan 20 2015, 12:43 PM
Tytoalba
Jan 20 2015, 12:32 PM
. . . Here is another site I find interesting. hppt://www.census.gov/popclock
/8/

worrying that one. (actually it's http://www.census.gov/popclock/ )
It certainly is. When needs must, the devil drives, and to a large extent we need to put aside some of our idealism, face reality, and do what is in our countries and peoples own best interests before all others. Other countries obviously do.

There was a great man who had written on his tombstone "HE DIED FOR HIS PRINCIPLES" and beneath it some wag had written in chalk
"AND A FAT LOT OF GOOD IT DID HIM"
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Affa
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Solution - Soylent Green.

Fancy a Chinese?

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RJD
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Such figures are skewed by the fact that a lot of people, Students say and very many others have a negative net worth, they are in debt. There will therefore, as long as some spend and others save, be a disparity in accumulated wealth. Clearly if half the population own nothing or are in debt, then those that have saved or acquired appear as statistical aberrations. Judging this on a global basis also helps very little, however, it is true that during the last 30 years capitalism and globalisation of the markets has helped the once agrarian poor dramatically. hundreds of millions have been lifted out of subsistence and there are hundreds of millions more looking to achieve the same.

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Pro Veritas
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RJD
Jan 20 2015, 04:55 PM
during the last 30 years capitalism and globalisation of the markets has helped the once agrarian poor dramatically. hundreds of millions have been lifted out of subsistence and there are hundreds of millions more looking to achieve the same.

Problem is that they've been lifted out of subsistence by debt, either personal or national.

Capitalism has manifestly failed the majority of people on this planet.

That doesn't mean I think Communism any better, or more preferable; just that I accept that Capitalism is a socio-economic poison chalice, for which only a tiny minority have the antidote.

Capitalism desperately needs much more oversight and regulation; MUCH, MUCH more.

All The Best
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AndyK
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Steve K
Jan 20 2015, 11:09 AM
Happy Hornet
Jan 20 2015, 08:52 AM
Me in the top 1%?

A ridiculous notion, in fact my Butler and I had a good laugh about it when he brought me my breakfast this morning.

Anyway must go and start the long trek to my front door.
!clp! ^


Should always make sure we distinguish between wealth and income, they are not the same. The same site says you need to have net worth of £615,000 to be in the top 1%

Also interesting that the site doesn't quote its data sources. I'm going to stick my neck out and say it has got something badly wrong or twisted along the way

Here's my rationale

1% of the world's population is ~70million

But we have
- 30million in the UK on average earning more than that £25,100
- 37 million in Germany on average earning more than that £25,100
- 27 million in France on average earning more than that £25,100
- 22 million in Italy on average earning more than that £25,100
- 63 million in Japan with about 1/3 on average earning more than that £25,100
- 53 million in Canada on average earning more than that £25,100
- 147 million in the USA on average earning more than that £25,100

That's already 340million (or about 5% of the world incl children and pensioners) who on average exceed that income. Now an average is not a median but it just doesn't seem to add up does it that £25,100 puts you in the top 1%

So I'm calling it bollocks





The Canadian statistic is impressive........considering their population is only 35 million.
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Marconi
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RJD
Jan 20 2015, 04:55 PM
Judging this on a global basis also helps very little, however, it is true that during the last 30 years capitalism and globalisation of the markets has helped the once agrarian poor dramatically. hundreds of millions have been lifted out of subsistence and there are hundreds of millions more looking to achieve the same.

Can't argue about that, but it's also a double-edged sword that one, RJD. For 70 years the most capitalist countries have fought the evils of socialism and communism, warning us of a tiny elite and huge proletariat.

Yet if we are not careful, the exact could happen. Pumped up house prices and disappearing middle jobs could wipe out the middle class in the next 30 years.

50 Cent's next album is called 'Gет яiсн оя eиd цр ои веиеfiтs'
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Steve K
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AndyK
Jan 20 2015, 07:12 PM
Steve K
Jan 20 2015, 11:09 AM
Happy Hornet
Jan 20 2015, 08:52 AM
Me in the top 1%?

A ridiculous notion, in fact my Butler and I had a good laugh about it when he brought me my breakfast this morning.

Anyway must go and start the long trek to my front door.
!clp! ^


Should always make sure we distinguish between wealth and income, they are not the same. The same site says you need to have net worth of £615,000 to be in the top 1%

Also interesting that the site doesn't quote its data sources. I'm going to stick my neck out and say it has got something badly wrong or twisted along the way

Here's my rationale

1% of the world's population is ~70million

But we have
- 30million in the UK on average earning more than that £25,100
- 37 million in Germany on average earning more than that £25,100
- 27 million in France on average earning more than that £25,100
- 22 million in Italy on average earning more than that £25,100
- 63 million in Japan with about 1/3 on average earning more than that £25,100
- 53 million in Canada on average earning more than that £25,100
- 147 million in the USA on average earning more than that £25,100

That's already 340million (or about 5% of the world incl children and pensioners) who on average exceed that income. Now an average is not a median but it just doesn't seem to add up does it that £25,100 puts you in the top 1%

So I'm calling it bollocks





The Canadian statistic is impressive........considering their population is only 35 million.
:-[

That's what happens when you copy figures too quickly

Correct figure is 18 million

Will check the rest now
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Steve K
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papasmurf
Jan 20 2015, 12:45 PM
Steve K
Jan 20 2015, 11:09 AM

- 30million in the UK on average earning more than that £25,100


That is complete total and utter rubbish. How you have managed to come to that conclusion I really cannot understand.

http://www.ons.gov.uk/ons/rel/ashe/annual-survey-of-hours-and-earnings/2014-provisional-results/stb-ashe-statistical-bulletin-2014.html

•In April 2014 median gross weekly earnings for full-time employees were £518, . .
 ::)

By your own figures the median in April this year was £518 and that is £26,936 a year IE higher than the £25,100.

Like wot I said


Edited by Steve K, Jan 20 2015, 08:04 PM.
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papasmurf
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Steve K
Jan 20 2015, 08:03 PM




By your own figures the median in April this year was £518 and that is £26,936 a year IE higher than the £25,100.

Like wot I said


So what, that is not:- 30million in the UK on average earning more than that £25,100

If you can't spot the mistake in that, I suggest you go back to school and take some maths lessons.
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Steve K
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Once and future cynic
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papasmurf
Jan 20 2015, 08:32 PM
Steve K
Jan 20 2015, 08:03 PM




By your own figures the median in April this year was £518 and that is £26,936 a year IE higher than the £25,100.

Like wot I said


So what, that is not:- 30million in the UK on average earning more than that £25,100

If you can't spot the mistake in that, I suggest you go back to school and take some maths lessons.
And I suggest you stop picking fights by twisting others words and that you instead deal with what they obviously meant

For your benefit:

30 million workers in the UK and across that group their average salary is greater than that £25,100

Got it?

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johnofgwent
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It .. It is GREEN !!
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So, have we come to a consensus that this set of figures is selected to make a political point rather than being mathematically accurate ?

Or is someone brave enough to carry on the sums in the hope that they can prove the world was created in 6000 BC ?
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