The One Percent

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bitflipper
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2016/01/16 15:22:01 (permalink)

The One Percent

Often demonized, sometimes admired, it's a small club we'd all love to join if we could. This film was made by Jamie Johnson, heir to the Johnson & Johnson dynasty. It was more enlightening than I expected.
 

 


All else is in doubt, so this is the truth I cling to. 

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    jbow
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    Re: The One Percent 2016/01/16 18:37:17 (permalink)
    1:16:38
     
    I am interested and will watch this tomorrow waiting for the NFC playoffs.
    Thanks, I'm sure it is good and you are right, we all want to be in the 1%. I bought two quick picks and my regular PB numbers.
     
    J

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    Rain
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    Re: The One Percent 2016/01/16 19:00:55 (permalink)
    I've always believed that 99% of the 99% would behave exactly as the 1% or even worst if situations were reversed. People...
     
    I'm putting this on my "to watch" list.

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    sharke
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    Re: The One Percent 2016/01/16 19:26:19 (permalink)
    Globally, everyone here is in the 1%. 

    James
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    michaelhanson
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    Re: The One Percent 2016/01/16 19:59:57 (permalink)
    You got that right, Sharke. There are a lot of blessings to count.
    post edited by michaelhanson - 2016/01/16 20:13:03

    Mike

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    jbow
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    Re: The One Percent 2016/01/16 20:36:44 (permalink)
    I've heard it said and I believe it is true that if all the money in the USA was split up evenly between all the people in the USA, in ten years it would all be back where it was before it was distributed because, well people.
     
    We are indeed blessed. Most people have no idea.
     
    J

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    sharke
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    Re: The One Percent 2016/01/17 12:21:16 (permalink)
    jbow
    I've heard it said and I believe it is true that if all the money in the USA was split up evenly between all the people in the USA, in ten years it would all be back where it was before it was distributed because, well people.
     
    We are indeed blessed. Most people have no idea.
     
    J




     
    If all the money in the USA was split up evenly we'd be bankrupt within a couple of months due to a catastrophic decline in capital spending. Also, consumer prices would skyrocket overnight due to more dollars chasing the same amount of goods and services. 

    James
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    #7
    bitflipper
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    Re: The One Percent 2016/01/17 12:29:54 (permalink)
    That's a good perspective to maintain. If 2016 continues this month's trend, my entire income this year will be about $900 after taxes and health insurance. And I will be homeless once my savings are depleted around July. August if I have no unexpected health issues.
     
    But I will still have made more money than the folks in Niger - and have health insurance. Perspective.
     


    All else is in doubt, so this is the truth I cling to. 

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    #8
    tlw
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    Re: The One Percent 2016/01/17 12:38:33 (permalink)
    But you won't be living in a place that has Niger's food and other prices.

    Looking at income in isolation doesn't tell you very much.

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    Guitarhacker
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    Re: The One Percent 2016/01/17 12:44:16 (permalink)
    Many years back here in Wilson NC, we had a delegation of representatives from an African country come here to see how we did things. They hoped to learn and carry the info home to use in their country.

    They were given a tour of the "poorer" parts of our town, which is, in fact, quite poor.  The delegates commented that what they were seeing was not poverty. In their country, what we called "poor" would be "wealthy" and a fine way to live that many would aspire to reach.

    On a trip to Argentina, I had the opportunity to help build a church in a bario (neighborhood) where the average family has 4 to 6 or more children, lives in a one room house, and the family earns the US equivalent of $3 to $5 a day. The poverty there was unbelievable.  However, that was put into perspective when I found out that the majority of the folks there were Bolivians who had come there to Hogar III because of the opportunity to make way more money than they ever could in their home country of Bolivia.   Perspective..... it's all relative. To them I was like Donald Trump is to me.
     
    This link on my website is a video of the trip and the bario I was referring to. http://www.herbhartley.com/hh2_edited_slimmer_007.htm  

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    #10
    bitflipper
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    Re: The One Percent 2016/01/17 12:46:08 (permalink)
    Yeh, I'm guessing not many folks in Niger have $1700 mortgage payments. Maybe I should consider moving there, while the real estate market's still strong here. I could sell my home and live out the rest of my life there on the proceeds. Further guaranteed by a considerably shorter life expectancy.


    All else is in doubt, so this is the truth I cling to. 

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    #11
    sharke
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    Re: The One Percent 2016/01/17 13:06:36 (permalink)
    I guess you can argue about relative prices until the cows come home, to me the proof is in the pudding. The vast majority of humans live in horrible poverty when compared to us, and it's been that way all throughout history. You have kids who forage in garbage dumps for food in some parts of the world. No internet access, no phones, certainly no home recording studio well stocked with plugins and virtual instruments. Some people don't even have a refrigerator to keep food fresh. I understand that people naturally compare their quality of life with people around them, but it's certainly helpful to count your lucky stars for being born in the West sometimes. 

    James
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    #12
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