Global Rich List. How does your income stack up to the rest of the world?, page 2

Hmmm.. This is a cool thread..

Gonna throw this in as well > Top ten countries for Wages Per Capita.. Its from 2008 so its definitely changed with the Crash..

10. Switzerland – $39,800

9. Equatorial Guinea – $44,100

8. Ireland - $45,600

7. United States – $46,000

6. Singapore – $48,900

5. United Arab Emirates – $55,200

4. Kuwait – $55,300

3. Norway – $55,600

2. Qatar – $75,900

1. Luxembourg – $80,800

After the 2008 Crash.. Ireland is definitely out of that list, while most people are still wealthy in comparison to the West, the economy has yet to stabilize completely and its 12% unemployment.

Kuwait, UAE and Qatar not exactly developed economies.. As they are based on Oil.. So I don't think they really fall into this list... The wealth is almost completely owned by the "Royalty".

The US has almost the same amount of billionaires as the rest of the world put together so take them out and its nowhere near in this list.. Also the loss of 25% of its wealth in the 2008 crash changes figures substantially.

The most equal for wealth, most socialist and highest taxed are Switzerland, Norway and Luxembourg.. But the high taxes bring down Purchasing Power Parity substantially.

Singapore is one of the most capitalist areas in the world.. If my memory serves me correctly..

Its quite a strange list IMO..

reply to post by lilwolf

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The only bad person is a corporation. Thanks for asking.

Originally posted by drew hempel
reply to post by lilwolf

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The only bad person is a corporation. Thanks for asking.

sorry to dissapoint you but that is also not factual nor correct because not all corporations can be fairly lumped into that category...I am self employed and I am by law a corporation.... we prvode services ..and we make money...

so does being a corporation make me a bad person.... No it doesn't.

Greed makes bad people not a business or a corporation...

reply to post by lilwolf

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The corporation is not you. Limited liability is actually a fairly new thing -- it was not legal in Minnesota until the 1930s or so poclad.org... will give you more details. But even if you are personally liable that doesn't mean your corporation is not a person. Lawyers thrive corporate personhood.

Kings originally chartered corporations -- that's where corporate personhood comes from -- Divine Rule!

Yes you are divine! Corporations are merely pieces of paper but now can be infinitely old!! Here you go free documentary: The corporation

topdocumentaryfilms.com...

You'll get the personhood jiggy.

myventurepad.com...

There are many reasons unincorporated self-employed choose to incorporate. Tax benefits, liability protection and customer expectations are all good reasons for the self-employed to create a corporate entity. Creating a corporate entity can also help the self-employed to gain access to credit and protect their consumer credit rating. And, of course, it much easier and cheaper to set up a corporation today than it was in the past. LLCs in particular require little cost and effort to set up and administer. We expect incorporated self-employment to continue to grow its share of total self-employment over the next few years.

[edit on 29-3-2010 by drew hempel]

reply to post by Phlynx

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Phlynx,

Many things about our country and economic system make it right.

Many people spend half a lifetime going to school to gain the necessary skills to be able to do things other folks are willing to pay to get. Real science and medical skills vs hereditary shamans with magic healing traditions. Better health means the possibility for more time to pass on skills and knowledge that make a country successful.

Recommended reading, begin with Adam Smith Wealth of Nations.

reply to post by whatwasthat

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books.google.com... l=en&ei=Il6xS-fyE4L_8Ab6_bH8AQ&sa=X&oi=book_result&ct=result&resnum=6&ved=0CCMQ6AEwBQ#v=onepage&q=&f=false

Noam Chomsky is an expert on Adam Smith -- quotes him often. I recommend Chomsky's 501 the conquest continues.

Stealing is cheap!!

Or how about this:

www.amazon.com...

Insatiable Appetite: The United States and the Ecological Degradation of the Tropical World (Hardcover)

It's called "primitive accumulation" - and the U.S. relies on -- plunder!!

Wanna know the real reason for war in Southeast Asia -- plunder aka "strategic imports"

rubber, tungsten and other rare metals like maganese

www.jstor.org...

reply to post by Rockpuck

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When I saw your rating, I thought that it looked familar, so I went back and put my income in again,

Sure enough, you and I are both the 45,439,321 richest person in the world.
And yes, we are both in the top .75%

I have a feeling those numbers are way skewed.
Tells me that site is crap!

reply to post by Oaktree

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Well at least all the cheap China products sold in the U.S. are having some trickle-down effect:

www.worldhunger.org...

As of 2008 (2004 statistics), the World Bank has estimated that there were an estimated 982 million poor people in developing countries who live on $1.25 a day or less (World Bank, Understanding Poverty, Chen 2004). This compares to the later FAO estimate of 1.02 billion undernourished people. Extreme poverty remains an alarming problem in the world’s developing regions, despite the advances made in the 1990s till now, which reduced "dollar--now $1.25-- a day" poverty from (an estimated) 1.23 billion people to 982 million in 2004, a reduction of 20 percent over the period. Progress in poverty reduction has been concentrated in Asia, and especially, East Asia, with the major improvement occurring in China. In Sub-Saharan Africa, the number of people in extreme poverty has increased.

reply to post by Phlynx

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You cannot just simply list income amounts and lump in the entire world as rich or poor. The same amount of income will not be the same for the area cost of living depending on where you are looking. My income is ok for where I live, but I would be dirt poor in NY or CA, or even major urban areas. It is not totally the income but the cost of living that decides whether one is doing well or poorly. Of course, there have always been the ultra rich, who have multiple homes in really low cost of living areas where their money extends even more.
I am tired of people cutting America down as filthy rich people who care less about the rest of the world. If you go to other countries you see lots of people there who are just as insular as lots of Americans.

reply to post by Rockpuck

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And the government of other third world countries will let you eat the fruit that you grow or drink and sell the milk from the cows that you have. There is very little agricultural freedom in the USA anymore. The US and the rest of western civilization is becoming an epic effing joke. We are not free. We are for the most part servants and corporate slaves to the rich. Look at America........the ONE thing that used to distinguish Americans from everyone else in the world was our ability to own land as individuals. That has been completely wiped out. We are heading the way of Europe where we can only afford to live on top of each other in tiny apartments and condos. My father in law owns 80 acres. He bought it in the 80s. You know what the chances of myself ever being able to afford 80 acres? Pfffffffft!

I wouldn't care how much money I had if I could afford to own a few acres of lush feritle land with a water supply, some trees and the ability to raise my own food etc. Thats what America used to be about......self sufficiency. God America really sucks nowadays! I'd be happier living in Afghanistan as a goat herder some days! Doing whatever the hell I want whenver the hell I want and if I get shot or blown up...well atleast I felt what it was like to truly live free for a short time!

reply to post by Elienne

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Maybe so but America used to be iconified by it's huge and prosperous middle class. That's what separated us from everyone else. Now we are going the way of Europe and other countries where it's just rich and poor.

reply to post by xxshadowfaxx

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All I can say is: you're lucky. I'm heading on to 30 and still earn less than the UK national average (£24,000/year or 36,907.2 CAD).

I can tell you right now that more people earn LESS than this, than earn above it, and at the end of the month, you have little spare cash.

For the area where I live, the average income is £15,000/year. Now try buying a house at £140,000+...

The cost of living also needs to be factored. I can tell you that £24,000/year is not much, and will only get worse after the election.

Salary means little until you look at the quality of life it can buy you.

[edit on 3-4-2010 by mirageofdeceit]

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