Thursday, November 17, 2011

theory of relativity

In America, the top 1% earn more than $380,000 per year. We are, however, among the richest nations on Earth. How much do you need to earn to be among the top 1% of the world?


That was the finding World Bank economist Branko Milanovic presented in his 2010 book The Haves and the Have-Nots. Going down the distribution ladder may be just as surprising. To be in the top half of the globe, you need to earn just $1,225 a year. For the top 20%, it's $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000.
Morgan Housel in the Motley Fool


I, Rodius said...

Ay. Ouch. I feel kind of dirty now. And I wonder, what right have I to be anything less than ecstatically, giddily happy, ever?

suttonhoo said...

it really is obscene, isn't it? we have so much.

Tekusudiyono said...

nice info "theory of relativity"

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