Wednesday, March 4, 2015

One Percenter

Most of us shouldn't be protesting as part of the 99 percent in the city squares. I've heard that if your household income is $48,000, you're in the top one percent (1%) of all households in the world. We would be protesting against ourselves.

If you make $37,000, as it was told, you're in the top 4 percent of the world.

If you make that much, you're in the second quintile in the USA, which means 60 percent make more than you. which means roughly 190 million people live in a household with more income than yours has. 190 million is 3 percent of the world's population. However, we haven't figured in the world's household income portion. I'm sure there are European, Asian, Australian households with that much income.

According to other data, if you're in the 2nd quintile you're in the top 10 percent, not one percent of the world.

What does all this matter?

Be humble, be thankful that you live in a country that has been a role model for trying to raise the standard of living for everyone, for encouraging everyone to do their best work and their smartest work. But don't be arrogant. You alone didn't create the infrastructure for education, transportation, medical care, etc. that benefits us all by creating an economic environment where this kind of income is happening.

Plus you can afford to be more generous to your workers, to others.

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