Happy Thanks Giving to one and All

   / Happy Thanks Giving to one and All #1  

buickanddeere

Super Member
Joined
Apr 15, 2004
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6,821
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East Coast of Lake Huron
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Deere, several
Happy Thanks Giving to one and All . We are blessed beyond what anyone could imagine just 100 years ago . And we live better than probably 80% of the world's population today.
 
   / Happy Thanks Giving to one and All #2  
Same to you, and a very merry Christmas as well!
 
   / Happy Thanks Giving to one and All #4  
Every day is Thanksgiving Day.
 
   / Happy Thanks Giving to one and All #5  
And the same to you & all of my Canadian TBN Mates!

:turkey::turkey::turkey::turkey:
 
   / Happy Thanks Giving to one and All #6  
Happy Thanks Giving to one and All . We are blessed beyond what anyone could imagine just 100 years ago . And we live better than probably 80% of the world's population today.

Matt Ridley puts things in perspective -- ".... of Americans officially designated as 'poor,' 99 percent have electricity, running water, flush toilets and a refrigerator; 95 percent have a television, 88 percent a telephone, 71 percent a car and 70 percent air conditioning. Cornelius Vanderbilt had none of these."

In America, the top 1% earn more than $380,000 per year. We are, however, among the richest nations on Earth. How much do you need to earn to be among the top 1% of the world?

$34,000.

That was the finding World Bank economist Branko Milanovic presented in his 2010 book The Haves and the Have-Nots. Going down the distribution ladder may be just as surprising. To be in the top half of the globe, you need to earn just $1,225 a year. For the top 20%, it's $5,000 per year. Enter the top 10% with $12,000 a year. To be included in the top 0.1% requires an annual income of $70,000.

.... "the poorest [5%] of Americans are better off than more than two-thirds of the world population." Furthermore, "only about 3 percent of the Indian population have incomes higher than the bottom (the very poorest) U.S. percentile."

Attention, Protestors: You're Probably Part of the 1%

You can thank capitalism and the rule of law.

Steve
 

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