Eight billionaires 'as rich as world's poorest half'

Re:Eight billionaires 'as rich as world's poorest half' by rgbrenner on Sunday January 15, 2017 @09:49PM (#13407936)

that's a really interesting article.. I think the more surprising fact is that 7.5% of the bottom 10% are in the US. That's 50 million US citizens. That's pretty shocking.

Edit: although since we're talking about people who have negative net worth.. perhaps it's only because they're able to borrow so much. I doubt a poor Indian or Nigerian would be able to borrow $100K for college.

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Re:Eight billionaires 'as rich as world's poorest half' by geodel on Sunday January 15, 2017 @10:09PM (#13407989)

It would look less shocking once one understand US poorest 5% are equal to India's richest 5%

http://mjperry.blogspot.com/2011/01/americas-poor-indias-ric...

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Re:Eight billionaires 'as rich as world's poorest half' by rgbrenner on Sunday January 15, 2017 @10:24PM (#13408019)

Also interesting.. but it took me a minute to figure out how to sync this info with the article... the article is for net worth, and this is for income. It is surprising how little the top 5% Indians earn.. I actually had to verify it to believe it.

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Re:Eight billionaires 'as rich as world's poorest half' by dv_dt on Sunday January 15, 2017 @11:31PM (#13408208)

In terms of money perhaps, but in terms of life security, leisure time, etc I am in doubt the comparison really holds.

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Re:Eight billionaires 'as rich as world's poorest half' by ferdythebull on Monday January 16, 2017 @09:18PM (#13414685)

I would be interested to see the relative poverty of the US poor vs the relative poverty of Indian poor. Things like affording food, shelter, and transportation based off their income.

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