That settles that now, doesn’t it.
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The fact that you need $4.4m to be the top 1% proves that the US still provides the best financial life for everybody. People that bitch and moan about the US being unfair, if told they could leave to anywhere else for free, most would stay here.
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I could be rich in India.
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What? No it doesn't. It doesn't do that at all. It just proves that--assuming whatever the hell Knight Frank is is reporting accurately--the U.S. provides the third best financial life for its top percent. The U.S. is decent when it comes to percent below the poverty line, but not even close to the best. It's downright terrible when it comes to income inequality (the denominator in the above graphic having much to do with that), with a GINI coefficient ranked lower than UW men's basketball by both the World Bank and CIA (ranked one spot ahead of the Ivory Coast in 2016, so we got that going for us, which is nice).greenblood said:The fact that you need $4.4m to be the top 1% proves that the US still provides the best financial life for everybody. People that bitch and moan about the US being unfair, if told they could leave to anywhere else for free, most would stay here.
It's good to be rich in the USA. Same as it's ever been. -
Graphs are hardgreenblood said:The fact that you need $4.4m to be the top 1% proves that the US still provides the best financial life for everybody. People that bitch and moan about the US being unfair, if told they could leave to anywhere else for free, most would stay here.
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I'm not following what this would "prove", if accurate. But everything I've read in the past couple of years says you're not in the top 1% of the US unless you have a net worth in the low eight figures.
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Creepy's mantra: where you gonna go? You speak Fwench? German? Switzerlandeze? Nope? Forget the Japanese ... they don't want you. Get comfortable at home.greenblood said:The fact that you need $4.4m to be the top 1% proves that the US still provides the best financial life for everybody. People that bitch and moan about the US being unfair, if told they could leave to anywhere else for free, most would stay here.
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I wonder how meaningful these percentages are and whether we need to break it down further. The top 1/100th (making this up) of the top 1% live significantly better lives than the rest of that top 1%. Said another way, if I am in the same percentile rank as Craig McCaw, we need another measure.HHusky said:I'm not following what this would "prove", if accurate. But everything I've read in the past couple of years says you're not in the top 1% of the US unless you have a net worth in the low eight figures.
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Agreed. Regardless of accuracy, being in the top 1% is certainly very comfortable. But it's being in the top .1% that is fabulously rich.creepycoug said:
I wonder how meaningful these percentages are and whether we need to break it down further. The top 1/100th (making this up) of the top 1% live significantly better lives than the rest of that top 1%. Said another way, if I am in the same percentile rank as Craig McCaw, we need another measure.HHusky said:I'm not following what this would "prove", if accurate. But everything I've read in the past couple of years says you're not in the top 1% of the US unless you have a net worth in the low eight figures.
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Would be chintresting to take your million and go to Russia. Some beautiful women over there. Of course, you'd need to take all your weaponry, and then some, and gangster the fuck up. Cuz ain't no way some engine from the US is going to show up flingin' dolla bills in the air and claiming any turf without a fight.Swaye said:I could be rich in India.
Friend of mine travels there for bidness, and another is now the managing partner of a global law firm with an office in Moscow (he's native Russian but educated here). Apparently the gangster oligarchy class is a very real thing there.
