baha wrote:And that's what I tell them. I will be happy to fix your system anytime. We charge $100 truck roll and $75/hr. I don't do contracts. And I am not 'on-call'
KaiserJeep wrote:In brief, if your annual income is $32,400US, you are a 1% member in the world as a whole. If you make $447,000US annually, you are in the 1% in the USA alone. (These measures are in AGI, Adjusted Gross Income.)
In terms of net accumulated wealth if you possess $770,000 you are among the top 1% in the World. In the USA you would need at least $7,000,000US in total assets.
onlooker wrote:Speaking of disparities of wealth, how is this for percentages
The World's 8 Richest Men Are Now as Wealthy as Half the World's Population
http://fortune.com/2017/01/16/world-ric ... -equality/
KaiserJeep wrote:In case you are wondering, those 8 men and the size of their fortunes:
1) Bill Gates - $75B
2) Armancio Ortega - $67B
3) Warren Buffet - $60.8B
4) Carlos Slim - $50B
5) Jeff Bezos - $45.2B
6) Mark Zuckerberg - $44.6B
7) Larry Ellison - $43.6B
8 ) Michael Bloomberg - $40B
Revi wrote:We are entering the time where those one percenters are going to be the only ones who are eating regularly, flying around the world, living what was a formerly middle class life. The rest of us will live "at their pleasure". Call it peak oil or whatever you want, we are going to see a diminishment of our living standards. They were ridiculous anyway. Snowmobiles, wave runners, monster trucks and 10,000 square foot houses were artifacts of a culture where consumption was seen as a spiritual quest. The second decade of the 21st century is going to end either with a bang, or a whimper...
onlooker wrote:Outcast, your post makes much sense. Unfortunately, that enormous amount of money those few people have bestows them with enormous power also. And they are active in making sure their status does not change
You seem to ignore that those numbers in hard drives are backed up by real estate including forest and farm land, factories, stores, office buildings, hotel towers and resorts, golf courses, railroads and the rolling stock etc.ralfy wrote:In order for the one percent to maximize their profits and ROIs, and generally to see the bulk of their wealth (which consists on numbers in hard drives) maintain its value, more of the 99 percent have to increase borrowing and spending. Because if the latter doesn't get what they want, then the value of the wealth of the former diminishes, and the results won't be pretty.
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