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It amazes me how utterly ignorant the most privileged people in the world are about the stupendous luxury in which they live. 60,000 USD is 58,000 Euros at cur
by Emma_Goldman 4y ago
It amazes me how utterly ignorant the most privileged people in the world are about the stupendous luxury in which they live.
60,000 USD is 58,000 Euros at current exchange rates, which equates to a post-tax annual income of 37500 Euros in France.
If you were only supporting yourself, that would place you in the top 1.6% of earners in the world. It would be an effective income 17x the global median.[1]
Now, these are estimates, and some of the underlying data is outdated, but the basic point is clear. It would provide you with, relatively speaking, a historically and globally unprecedented level of affluence. After that point more money is going to do almost nothing to improve your well-being - doing creative and meaningful work, having good relationships, having a well balanced mind, etc., is going to be far more important.
[1] https://howrichami.givingwhatwecan.org/how-rich-am-i?income=37500&countryCode=FRA&household%5Badults%5D=1&household%5Bchildren%5D=0 https://howrichami.givingwhatwecan.org/how-rich-am-i?income=...
- DocTomoe 4y agoYou mistake the concept of money with the concept of wealth. Not the highscore-like number on your payslip is what matters - but what you can get with it. Just ask someone from Zimbabwe how they feel being a vingtiollaire [1]. So ... yes, technically, if you earn 37500 Euros post-tax, you are the 2%. And if you live in Laos, you're living the good life. In Paris, however, things will be hard. [1] https://kagi.com/proxy/5653f337-ac74-470a-8651-231e5f3fee60.jpg?c=h7imQ8UITVgTxqd5AUw0OaR7kWdBF0PYy2Mefmjcx-d2bKC8CEmlyvF-XJAGlRS9w21P9SKaGECQopW0xhVTJWSE7FyYUyB6HpEtJrhOydzN7K9txtgHCov4ofUZ7g5SXFNpigC19KtdVTgw8ZpdEHQpWo4oOP739SQ4GmrdiZM%3D https://kagi.com/proxy/5653f337-ac74-470a-8651-231e5f3fee60....
- Emma_Goldman 4y agoClick on the methodology, it adjusts for purchasing power.
- DocTomoe 4y agoIn very broad strokes. 37500 in Metz is very different from 37500 in Paris.