Originally Posted by JohnGalt
Originally Posted by Fang66
30k will put you in the top 1% in the world, so 2.5 times as much as someone in the top 1% isn't rich? Bullshit.
You understand the concept of cost of living, right? Also that terms such as rich and poor are completely subjective. In most of the developed world, 75k doesn't come close to anyone's definition of rich.
You understand the concept of cost of living, right?
Yes I do. Do you realise that around a 3rd of the children in developing nations are malnourished (50% of children in the world live in poverty), about a billion people are illiterate, and the same number don't have access to clean drinking water (2 billion have no water within a kilometre of there home), and 3 billion lack access to adequate sanitation?
Also that terms such as rich and poor are completely subjective.
The conversation started with Gibonius saying that 75k a year is objectively not rich.
In most of the developed world, 75k doesn't come close to anyone's definition of rich.
Except for the vast majority of people in the developed world who earn well under that figure. Just looked up the figure for median U.S. earnings in 2012 http://www.census.gov/prod/2013pubs/p60-245.pdf
it is 38k, (excluding those with no income) An income which is about twice the median and which puts you in the top 15% (excluding the poorest of the poor, higher if they are included) is rich by any reasonable definition.
Piob often states that he is not rich (I have no idea of his income), but he lives in a nice big house, drives a luxury car, and often eats at nice restaurants, one would assume that he has a pretty nice wardrobe, that is rich.