Good and bad news about that evil richest 1%

Good news: They sure are evil, and it is fun to covet their wealth and blame them for all the problems in society (even though they do pay loads of taxes and provide countless jobs).

Bad news: If you consider the whole world and not just the U.S., then you’re probably part of that 1%. (What makes you think you only get to look at the top 1% in the U.S.? That seems rather arbitrary, especially for open border social justice types.) Anyone making $47,500 or more is in the richest 1% of the world. If you believe in wealth redistribution and truly want to be average then give away everything except $850 per year.

Go visit the Global Rich List site to see where you fit in (be sure to update the currency to whatever you use — the default is pounds).

99% of the people on the planet think you are rich. They could take half of what you make, live within their means and be completely debt free while still improving their standard of living by more than 10 times.

I hope you are feeling a bit richer now. I think we should all give generously. I just don’t think that asking the government to take from my definition of the rich to give to my definition of the poor qualifies as charity on my part.

He who lays up treasures on earth spends his life backing away from his treasures. To him, death is loss. He who lays up treasures in heaven looks forward to eternity; he’s moving daily toward his treasures. To him, death is gain. He who spends his life moving away from his treasures has reason to despair. He who spends his life moving toward his treasures has reason to rejoice.

Randy Alcorn – The Treasure Principle

P.S. In case you couldn’t tell, the first line was sarcasm. Yes, there are evil rich people. And evil middle class people. And evil poor people.

0 thoughts on “Good and bad news about that evil richest 1%”

  1. My first year in Haiti we were giving one of the docs a hard time about being a rich American doctor. Then we realized that to the Haitians we were all rich American doctors.

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  2. Yes, just spend a few days in a third-world country among the people of that country, and it doesn’t take long for us to figure out who is wealthy and who isn’t.

    This is another great reality check.
    Blessings

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  3. Neil, this is an interesting topic and a good point. I am curious about how the figures were compiled and how the figure $47,500 was determined, though.

    Here’s why I ask: that figure is right about the median gross income right now in the US (maybe a little higher, but not much). We are 300 milllion people. Now, factor in Western Europe, Japan and South Korea – where the costr of living is HIGHER than here. I’m guessing Australia, New Zealand and Canada are roughly equal, socio-ecoomically, to us here in the US.

    Now, as best I recall from geography class, the UK alone makes up between 3-4% of the earth’s population. I doubt anyone could survive in the UK (or Japan) on $47 K per year. If you add up the populations of the US and other countries I listed, you’re way, WAY above 1% of the earth’s population and certainly at a median income that far exceeds $47,500.

    Needless to say, math was not my strongest subject, but something isn’t coming out here. Naturally these statistics are skewed because of the differences in cost of living and so on (food, clothes and gas in Europe, for example, are extremely expensive; higher education is much cheaper than here; social entitlements vary widely from nation to nation), but do you see what appears to be wrong with this statistic?

    I haven’t clicked on the Global Rich List link yet so that may clarify how they calculated this figure.

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