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The world "wealthy" in my opinion means you can live the rest of your life in comfort without working, if you choose. These people are not wealthy.
by a3voices 13y ago
The world "wealthy" in my opinion means you can live the rest of your life in comfort without working, if you choose. These people are not wealthy.
- this_user 13y agoThere is more than one definition of "wealth" and "poverty". You could be a senior Silicon Valley engineer making 200k a year and that would make you wealthy compared to some homeless person in Detroit, but you'd still be poor compared to a hedge fund manager in NYC making 500 million.
- a3voices 13y agoWell on a logarithmic scale, 200k is much closer to 500m than it is to 0.
- guard-of-terra 13y agoOn a logarithmic scale you don't get close to 0 no matter how hard you try. It's infinitely far away isn't it?
- pizza 13y ago0.001 dollars is essentially 0, isn't it?
- gohrt 13y agoYou are describing "rich", not "wealthy". Income is not nearly the same thing as wealth. Wealth converts to income at ~5-15%/yr. Yet income doesn't quite convert conversely, because living costs money every yeat.
- Crake 13y agoIn my experience, wealthy people will usually define wealth in such a way as to exclude themselves from being categorized as wealthy.