Greedy Billionaires Not Named Elon Megathread

[Syt]

https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-be-in-the-richest-10-percent-worldwide.html

To be among the global top 10 percent, you may not need as much money as you think. According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you don't even need six figures.

A net worth of $93,170 U.S. is enough to make you richer than 90 percent of people around the world, Credit Suisse reports. The institute defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts."

More than 102 million people in America are in the 10 percent worldwide, Credit Suisse reports, far more than from any other country.

You need significantly less to be among the global 50 percent: If you have just $4,210 to your name, you're still richer than half of the world's residents. And it takes a net worth of $871,320 to join the global 1 percent. More than 19 million Americans qualify, Credit Suisse reports.

These numbers reflect the extreme level of persistent wealth inequality. As Credit Suisse puts it, "While the bottom half of adults collectively owns less than 1 percent of total wealth, the richest decile (top 10 percent of adults) owns 85 percent of global wealth, and the top percentile alone accounts for almost half of all household wealth (47 percent)."

Pre-pandemic, obvs.

[Razgovory]

I'm reading a book on the elites in this country, and their ideology.  Talking about the top 1% is a bit of an obfuscation.  They are elites, but not the only ones.  In fact, a lot of them on are on this board as we speak...

I am pretty sure a lot of of the American one percent is not on this board as we speak

What about the top quintile?

How many Americans on this board do you think are in the top quintile?

You made the claim that a lot of the American elite are on this board? My comment was more of a joke, but come on, if you want to take it seriously not a lot of American elites are here. There just isn't a lot of Americans here compared to the population of the United States.  There isn't a lot of people here in general. 

No, I meant that a lot of the board falls into the elite category.

[Josquius]

Our demographics are more lawyer heavy than the general population yes.

[crazy canuck]

I'm reading a book on the elites in this country, and their ideology.  Talking about the top 1% is a bit of an obfuscation.  They are elites, but not the only ones.  In fact, a lot of them on are on this board as we speak...

I am pretty sure a lot of of the American one percent is not on this board as we speak

What about the top quintile?

How many Americans on this board do you think are in the top quintile?

You made the claim that a lot of the American elite are on this board? My comment was more of a joke, but come on, if you want to take it seriously not a lot of American elites are here. There just isn't a lot of Americans here compared to the population of the United States.  There isn't a lot of people here in general. 

No, I meant that a lot of the board falls into the elite category.

My apologies

[crazy canuck]

https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-be-in-the-richest-10-percent-worldwide.html

To be among the global top 10 percent, you may not need as much money as you think. According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you don't even need six figures.

A net worth of $93,170 U.S. is enough to make you richer than 90 percent of people around the world, Credit Suisse reports. The institute defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts."

More than 102 million people in America are in the 10 percent worldwide, Credit Suisse reports, far more than from any other country.

You need significantly less to be among the global 50 percent: If you have just $4,210 to your name, you're still richer than half of the world's residents. And it takes a net worth of $871,320 to join the global 1 percent. More than 19 million Americans qualify, Credit Suisse reports.

These numbers reflect the extreme level of persistent wealth inequality. As Credit Suisse puts it, "While the bottom half of adults collectively owns less than 1 percent of total wealth, the richest decile (top 10 percent of adults) owns 85 percent of global wealth, and the top percentile alone accounts for almost half of all household wealth (47 percent)."

Pre-pandemic, obvs.

Net worth isn't really a very good indicator of wealth ironically.

The reason for that is a lot of people have an inflated net worth simply because the house they bought has increased significantly in value. But many of those same people are still struggling financially to pay their mortgage and the cost of living.

Measuring wealth is your keeping to do because the truly wealthy don't actually have an income that can be taxable. Rather, they live basically tax-free by sophisticated instruments averaged against their shareholdings.

[crazy canuck]

Our demographics are more lawyer heavy than the general population yes.

Not really, the vast majority of the people who are here are not lawyers.

[Sheilbh]

Not really, the vast majority of the people who are here are not lawyers.

But an even vaster majority of the general population are not lawyers

[Razgovory]

I'm reading a book on the elites in this country, and their ideology.  Talking about the top 1% is a bit of an obfuscation.  They are elites, but not the only ones.  In fact, a lot of them on are on this board as we speak...

I am pretty sure a lot of of the American one percent is not on this board as we speak

What about the top quintile?

How many Americans on this board do you think are in the top quintile?

You made the claim that a lot of the American elite are on this board? My comment was more of a joke, but come on, if you want to take it seriously not a lot of American elites are here. There just isn't a lot of Americans here compared to the population of the United States.  There isn't a lot of people here in general. 

No, I meant that a lot of the board falls into the elite category.

My apologies

No prob.  I still love you.

[Tamas]

Our demographics are more lawyer heavy than the general population yes.

Not really, the vast majority of the people who are here are not lawyers.

Out of the regular posters left, we have like 3 lawyers and 3 non-lawyers.

[Norgy]

So, now this killer is something of eye candy for women, it seems.
"I can change him". 

The number of reasons for just staying a single, bitter old man are just piling up.

First rule of political change in a better direction: Don't shoot people.

[garbon]

So, now this killer is something of eye candy for women, it seems.
"I can change him". 

The number of reasons for just staying a single, bitter old man are just piling up.

First rule of political change in a better direction: Don't shoot people.

I think you are making the mistake I've seen guardian writers making on this topic, reading too much into meme posts about the killer.

[crazy canuck]

Our demographics are more lawyer heavy than the general population yes.

Not really, the vast majority of the people who are here are not lawyers.

Out of the regular posters left, we have like 3 lawyers and 3 non-lawyers.

 

[Norgy]

So, now this killer is something of eye candy for women, it seems.
"I can change him". 

The number of reasons for just staying a single, bitter old man are just piling up.

First rule of political change in a better direction: Don't shoot people.

I think you are making the mistake I've seen guardian writers making on this topic, reading too much into meme posts about the killer.

I am hardly a great authority on pop culture, so you are probably right.
And The Guardian is, well, The Guardian still, for better or worse.
I think I learned at some impromptu course at work that they have more people working on content marketing than actual journalists these days. Which sums up my line of work well.

Still, the killer has killer abs.

[Valmy]

I'm reading a book on the elites in this country, and their ideology.  Talking about the top 1% is a bit of an obfuscation.  They are elites, but not the only ones.  In fact, a lot of them on are on this board as we speak...

I don't think you just need some money to be an elite. It requires access to institutional power. That may or may not be people on this board, but just owning a house in an expensive place doesn't make you a national level elite.

[Valmy]

So, now this killer is something of eye candy for women, it seems.
"I can change him". 

The number of reasons for just staying a single, bitter old man are just piling up.

First rule of political change in a better direction: Don't shoot people.

Ok first plenty of men have also thirsted for this guy.

Secondly these are Americans, we think shooting people is cool.

I don't think this applies to Norwegian women.