Re:What's my place in the world population?
by s1artibartfast on Thursday March 17, 2022 @04:09PM
(#30715356)
>The 1% number is presenting itself as a feel-good-number. We share the same bracket as Jeff Bezos & Elon Musk.
I don't think that's the point at all. The point is to show perspective that many people lack on how their income lines up with the majority of the world. I don't need a application to tell me that I make less than Jeff Bezos or where he ranks in terms of global income.
And makes perfect sense that we share the top 1% with the hyper rich because... We do!
Looking at my own info (previous comment in thread), and therafter going through public data, I believe most of us in HN are already in that bracket due to disproportionate poverty seen in S Asia, Africa, S America & LATAM. That 1% number is presenting itself as a feel-good-number. We share the same bracket as Bill Gates, Jeff Bezos & Elon Musk - which does not make much sense, because they are 6-orders richer than us.
Wealth isn't seen in any linear/quasi-linear scale. The last few percentages are incredibly dense. Maybe the lifestyle near poverty line to moderate wealthy is easier to model from economics PoV, but beyond some thresholds, is hard to rationalize.