Billionares ^ +12% Others v -11%

Topic's posts
Posts in total: 59
--> @Alec
Is this math?

....^^^.....Billionares ^+12%  and rising....^^^

-----<----<----middle class vanishing----<----<

....vvvv......Others v-11% and receding further...vvvv

How many years into the future is this scenario sustainable? Oh, yeah, Trumpanzees do think about long term sustainability.

Trumpanzees think only in short term gains of wealth for self, immediate familly and maybe others of same skin color and religion.

Wholistic concerns for an ecological environment that sustains humans for longest time periods forward is beyond comprehensive considerations of Trumpanzees.

Trumpanzees only concerned about one set of values, corporate profits are rising!
 
Free market is savior for all of humanity.

Brains{ brawn } over mind{ intellect } is the butt-forward way into the future. .....Not........

Jacob Bekenstiens black hole mathematics --Bekenstiens Bound-- led him to make the following comments, as reported in Scientific American. .."we appear to be 2D creatures having an illusion of 3D.....

Trumpanzee brain//brawn conclusion is that, we live on a planet of infinite{ oo } resources that will create infinite{ oo } wealth far above any humans standard-of-living-need, for the top 1% of  profit-only-oriented, brainy//brawny, butt forwward humans.

How many years into the future is this scenario sustainable? Especially if it continues to increase the divide  between rich <------------------> poor.

Oh, yeah, Trumpanzees do not think about long term sustainability.

....^^^.....Billionares ^+12%  and rising....^^^
....vvvv......Others v-11% and receding further...vvvv

MIght is right ergo rich is right?

A rich person//family is smarter and has more moral integrity than others?







--> @Mharman
Income inequality is touted as evil by the left, but all it is is people who work the hardest rising to the top.
Of the current Forbes 400, there were 34 with a top score of 10 [truly poor]; 64 with a score of 9 [working class]; 130 with a score of 8 [Harvard educated]; 37 with a score of 7 [inherited the family business]; and only 10 with a 6 [hands off investor]. On the inherited side, there were 28 with a score of 1 [born rich, done nothing]; 24 with a 2 score [born rich, manages business]; 19 with a 3 [born rich, has made small increases]; 20 with a 4 [born rich, has increased wealth meaningfully; and 34 with a five [inherited small empire]. [LINK]

Out of a sample of 400, 98 were from working class or poor backgrounds 24.5% which leaves us 302 (75.5%) who were born rich (not working class) with a distinct and quantifiable advantage.

Approximately 24.5% of people who work the hardest (or get lucky) have a chance of rising to the top.
--> @3RU7AL
Approximately 24.5% of people who work the hardest (or get lucky) have a chance of rising to the top.
And that is of the 400 who made it there.

For every 400 that make it to Forbes top, there exist, hundreds-of-millions{?}  that do not?

And which morals do we have forego, or tweak, to make it to the Forbes top?

TIger Woods ex-wife stated that ..'money does not bring you happiness, it just makes things easier'. Ex, in her case to carry-on divorce procedings via traveling between her home in Scandanvia and Tiger in US.

Somewhere around here or elsewhere I saw some amount that is all that is really needed to live a nice 1st world country standard -of-living but dont recall how much that was. The point being more money is not needed.


--> @mustardness
Somewhere around here or elsewhere I saw some amount that is all that is really needed to live a nice 1st world country standard -of-living but dont recall how much that was. The point being more money is not needed.
I think it's about $100,000.00 per year in the U.S.A.
--> @3RU7AL
I think it's about $100,000.00 per year in the U.S.A.
OMG, that seems high to me.  Ive gotten by on much less all of my life.

If we could do get single payer health care, do away with insurance scam, and get ridiculous cost of pharmacutical scam much lower, then we have taken care of tome of the hightest cost.

Humanity has so much of systems on ass-backwards creating unnecessary costs. Its an inherently self-inflating system that has no concern for the ecological environment that sustains us all.

The free market is rigged against do those necessary things for humanity to survive i.e. profit as primary concern is butt-backwards.

Unnecessary rich is butt-backwards.



--> @mustardness
I think the $100,000.00 a year was for a married couple with 3 kids, a nice house, yearly family vacations, college tuition for the kids and savings for a comfortable retirement.  Also known as, "the American Dream".
--> @3RU7AL
I think the $100,000.00 a year was for a married couple with 3 kids, a nice house, yearly family vacations, college tuition for the kids and savings for a comfortable retirement.  Also known as, "the American Dream".
Ok, that does help to explain.

..."The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics.".....

Bru7al, what is the differrence between" household income" and "median per-capita"? Is that a couple vs a single person?

I.. women make less than $2,920 and men make more than $2,920 ergo the average between those two?



--> @mustardness
What is the differrence between"median household income" and "median per-capita"?
Median household income would be the midpoint (not the average) between the minimum and maximum income per house (or apartment or shack) regardless of how many people are living together.

Median per-capita income would be the midpoint (not the average) between the minimum and maximum income per (presumably working age) individuals regardless of age race or gender.