6 ms·

The threshold to join the top 10% of global wealth (the measure used in this study) is a net worth of $93,170 USD. To join the top 1%, it's $871,230. (Both numb

The threshold to join the top 10% of global wealth (the measure used in this study) is a net worth of $93,170 USD. To join the top 1%, it's $871,230. (Both numbers from a 2018 Credit Suisse study) Most HN readers are likely in the global top 10% or will be within a few years of a tech-related career. Many will be in the global 1% simply by saving for retirement over time. This study refers to the "global rich", but that means it's referring to most of us.

djdjdjdjdj 6y ago
I'm very curious how this will look like. I paid my co2 for 2 people from and back Germany Japan. 200$ That's nothing. Will this create a hard barrier or do I need to stop flyibg? Will we all accept to fly less? And consume much less? Somehow I doubt it and will prepare myself the worst
- kaybe 6y ago
  Until the payment actually leads to the carbon being captured and stored again (or the kerosine is from renewable sources) nothing much is won.
  - xnx 6y ago
    This is key. Carbon has to get out of the air and go back in the ground.
  - amelius 6y ago
    How is the carbon tax rate derived then?
  - tunesmith 6y ago
    There are plenty of organizations that track this and make sure the advertised offsets are not wasteful in this manner.
- fredophile 6y ago
  When it comes to flying many people will choose worse service or worse flight times if they get a lower price. $100 per ticket can make a big difference in a price sensitive industry.
antisthenes 6y ago
The article specifically refers to income, not wealth. I'm sure you pointed it out with good intentions, but it's fairly obvious why wealth and income are completely orthogonal when it comes to CO2 emissions.
pmastela 6y ago
Thanks for turning me on to Credit Suisse's global wealth reports [1]. They're a wealth of knowledge. [1] https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html https://www.credit-suisse.com/about-us/en/reports-research/g...

djdjdjdjdj 6y ago

I'm very curious how this will look like. I paid my co2 for 2 people from and back Germany Japan. 200$ That's nothing. Will this create a hard barrier or do I need to stop flyibg? Will we all accept to fly less? And consume much less? Somehow I doubt it and will prepare myself the worst

kaybe 6y ago
Until the payment actually leads to the carbon being captured and stored again (or the kerosine is from renewable sources) nothing much is won.
- xnx 6y ago
  This is key. Carbon has to get out of the air and go back in the ground.
- amelius 6y ago
  How is the carbon tax rate derived then?
- tunesmith 6y ago
  There are plenty of organizations that track this and make sure the advertised offsets are not wasteful in this manner.
fredophile 6y ago
When it comes to flying many people will choose worse service or worse flight times if they get a lower price. $100 per ticket can make a big difference in a price sensitive industry.

antisthenes 6y ago

The article specifically refers to income, not wealth. I'm sure you pointed it out with good intentions, but it's fairly obvious why wealth and income are completely orthogonal when it comes to CO2 emissions.

pmastela 6y ago

Thanks for turning me on to Credit Suisse's global wealth reports [1]. They're a wealth of knowledge. [1] https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html https://www.credit-suisse.com/about-us/en/reports-research/g...