5 ms·

I wonder what percentage of Hacker News readers are in the international 1%. That’s about $32,000/yr salary. My guess is it’s much greater than 50%.

collyw 9y ago
We should clarify if we are talking about top 1% of earnings, or top 1% of wealth. The housing boom in the UK in the last 15 years has made wealth very related to age.
- v_lisivka 9y ago
  Nobody cares. If you have computer and Internet, you are in top 5%. Communists says that they need to hung top 10% to "clear world".
  - v_lisivka 9y ago
    These downvotes are suspicious. Admins, can you check them, please?
    - austenallred 9y ago
      The comment read to me as "nobody cares, communists want to kill everyone that has the Internet." A pretty reasonable thing to downvote IMO.
      - v_lisivka 9y ago
        You nailed the point, but these downvotes are suspicious regardless of that. I receive downvotes often, so I know the pattern. Two my comments are downvoted in short burst: 4 downvotes at once. This is why I asking to check downvoters for vote-ring or something like that.
        collyw 9y ago
        Just accept that people don't like your comment. What do you suspect? Russian bots?
        v_lisivka 9y ago
        Yes. I have 20 years of experience, so I know their pain points. The comment above is the one of them. Short after revolution in Russia, top communist had meeting about how many people they need to kill (so new, better Homo Soviet, will emerge and build communism). They decided that top 10% of population must be killed. These meetings notes were secret, but after drop of Iron Curtain, American scientists were able to read them for few years, so they scanned them on microfilm, then digitized back to text and released to public, so I read them. I forgot name of University where they are, but I will try to find them again, if somebody is interested.
        mrhappyunhappy 9y ago
        How would we know if they are real? I'm interested in seeing.
        v_lisivka 9y ago
        These meeting notes are somewhere in the middle of microfilms mentioned in this PDF: http://media.hoover.org/sites/default/files/documents/decade2.pdf http://media.hoover.org/sites/default/files/documents/decade... I hope, this will help you to find them. As far as I remember, You should nail for meetings at beginning of 1918, so search area will be small.
- jpollock 9y ago
  1% of wealth is USD770k in net assets. However, don't forget to include any defined benefit pension (state provided or otherwise) to the list of assets. A pension paying USD$30k/yr (20yr length, 4% growth) costs USD$425k[1]. Add on an employer provided defined benefit pension (e.g.police, fire, military, federal employee), that can be worth a lot of money. [1] https://www.bankrate.com/calculators/investing/annuity-calculator.aspx https://www.bankrate.com/calculators/investing/annuity-calcu...
  - austenallred 9y ago
    Net assets is greatly skewed toward later ages, for obvious reasons. What percentage of HN will be in the international 1% in assets by the time they die? I’d still guess more than half.

collyw 9y ago

We should clarify if we are talking about top 1% of earnings, or top 1% of wealth. The housing boom in the UK in the last 15 years has made wealth very related to age.

v_lisivka 9y ago
Nobody cares. If you have computer and Internet, you are in top 5%. Communists says that they need to hung top 10% to "clear world".
- v_lisivka 9y ago
  These downvotes are suspicious. Admins, can you check them, please?
  - austenallred 9y ago
    The comment read to me as "nobody cares, communists want to kill everyone that has the Internet." A pretty reasonable thing to downvote IMO.
    - v_lisivka 9y ago
      You nailed the point, but these downvotes are suspicious regardless of that. I receive downvotes often, so I know the pattern. Two my comments are downvoted in short burst: 4 downvotes at once. This is why I asking to check downvoters for vote-ring or something like that.
      - collyw 9y ago
        Just accept that people don't like your comment. What do you suspect? Russian bots?
        v_lisivka 9y ago
        Yes. I have 20 years of experience, so I know their pain points. The comment above is the one of them. Short after revolution in Russia, top communist had meeting about how many people they need to kill (so new, better Homo Soviet, will emerge and build communism). They decided that top 10% of population must be killed. These meetings notes were secret, but after drop of Iron Curtain, American scientists were able to read them for few years, so they scanned them on microfilm, then digitized back to text and released to public, so I read them. I forgot name of University where they are, but I will try to find them again, if somebody is interested.
        mrhappyunhappy 9y ago
        How would we know if they are real? I'm interested in seeing.
        v_lisivka 9y ago
        These meeting notes are somewhere in the middle of microfilms mentioned in this PDF: http://media.hoover.org/sites/default/files/documents/decade2.pdf http://media.hoover.org/sites/default/files/documents/decade... I hope, this will help you to find them. As far as I remember, You should nail for meetings at beginning of 1918, so search area will be small.
jpollock 9y ago
1% of wealth is USD770k in net assets. However, don't forget to include any defined benefit pension (state provided or otherwise) to the list of assets. A pension paying USD$30k/yr (20yr length, 4% growth) costs USD$425k[1]. Add on an employer provided defined benefit pension (e.g.police, fire, military, federal employee), that can be worth a lot of money. [1] https://www.bankrate.com/calculators/investing/annuity-calculator.aspx https://www.bankrate.com/calculators/investing/annuity-calcu...
- austenallred 9y ago
  Net assets is greatly skewed toward later ages, for obvious reasons. What percentage of HN will be in the international 1% in assets by the time they die? I’d still guess more than half.