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I really don't like the 1% designation. According to [1], if you have an annual income of $55,000 or above (after tax) in the U.S. you are among the 1% globally
by qwtel 11y ago
I really don't like the 1% designation. According to [1], if you have an annual income of $55,000 or above (after tax) in the U.S. you are among the 1% globally.
I like the idea of equality and all, but it feels like, when people talk about inequality, they mostly want to be richer.
[1]: https://www.givingwhatwecan.org/get-involved/how-rich-am-i/?country=USA&income=55000&adults=1&children=0 https://www.givingwhatwecan.org/get-involved/how-rich-am-i/?...
- usaar333 11y agoThat seems far too low to count as 1%. ($55k is 75th percentile in the US, a country of 300 million -- 25% of the US is 1% of the world.). As far as I can tell, they are considering all people, not just those with incomes, which really distorts the data.
- pink_dinner 11y agoWhen peoplw talk about solving equality, it usually involves taking away from the wealthy and giving to the poor. Rather than the more difficult task of educating the poor to create their own wealth. We should be striving for equality of opoortunities, not outcomes.