My $0->$100M->$0 in 5 years story

Re:My $0->$100M->$0 in 5 years story by SideQuark on Sunday August 13, 2023 @05:43AM (#37108275)

The poor in America are richer than the poor in just about any other country. The US poverty line is around the top 15% of world incomes, and that's pre tax transfers. Post tax transfers puts them much higher.

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Re:My $0->$100M->$0 in 5 years story by PhilipRoman on Sunday August 13, 2023 @08:48AM (#37109469)

But is that before or after adjusting for cost of living?

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Re:My $0->$100M->$0 in 5 years story by SideQuark on Sunday August 13, 2023 @09:42PM (#37116507)

After. It's PPP adjusted, as all good economists would do.

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