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There 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 co
by this_user 13y ago
There 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.