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I was under the impression about half the world had zero or negative wealth. Is this one of those statements where you could also say someone with $1000 net wo
by kolbe 9y ago
I was under the impression about half the world had zero or negative wealth.
Is this one of those statements where you could also say someone with $1000 net worth also has more than half the world, but they chose the billionaires to be more inflammatory? Or was the 50% line chosen because the 45% of the world has zero/negative wealth, and 8 billionaires happen to have more than than sliver of 5% in between?
- dogma1138 9y agoIf you go just by the statement of current accounts then the poorest half isn’t who you think they are. If you live in some underdeveloped country and live on 1 dollar a day you also often don’t have debt because you are unable to acquire it. That said it’s also hard to claim that some middle or lower middle class family in a western county with 100-150,000 dollars in long term debt e.g. because of a mortgage is poorer than some poor guy in Bangladesh that would not be able to be in any institutionalized debt in their life because of just how poor they are. Negative wealth is arguably a privilege of the lucky.