World Wealth - who is number one?

World Wealth - who is number one?


This data may surprise some:


Hong Kong-- 0.11 202,189 1

Luxembourg 0.01 182,567 2

Switzerland- 0.12 144,186 3

USA--------- 4.67 143,727 4

UK ---------- 0.96 128,959 5

Japan ------- 2.09 124,858 6

Netherlands- 0.26 120,086 7

Italy --------- 0.95 119,704 8

Singapore -- 0.07 113,631 9

Brunei Dar. - 0.01 105,287 10

====

World 98.52 26,202 n/a



/ source: http://en.wikipedia.org/wiki/World_distribution_of_wealth#Net_worth_per_capita

In spite of the banking system collapse, Cyprus is still #16 on a PPP basis.

Rather than absolute wealth --- I'd be more interested in countries where the wealth is more evenly distributed...

TI: re: Cyprus --- see Russian Oligarchs

"Rather than absolute wealth --- I'd be more interested in countries where the wealth is more evenly distributed"


LOL, that would be North Korea, equal wealth distribution is socialism, and is never wealthy to start off with or end with for that matter

Nah --- North Korea has a handful of wealthy -- and the rest of the people eat grass for dinner... probably one of the most polarized in terms of wealth.


What's the point of having a few hundred billionaires in a country --- and everybody else working in Walmart? (unless of course you are one of the billionaires)



I would be talking more about the Scandinavian countries...

" a few hundred billionaires in a country --- and everybody else working in Walmart? (unless of course you are one of the billionaires)"


That would be the USA


The country went thru a Coup D'etat, and the rich and greedy gained control, and have move teh system into feudalism.


But people are slowly awakening, and more and more want to take back the country.


You might find THIS interesting:



Memo: From Nick Hanauer

To: My Fellow Zillionaires

===============


You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor. Then I founded aQuantive, an Internet advertising company that was sold to Microsoft in 2007 for $6.4 billion. In cash. My friends and I own a bank. I tell you all this to demonstrate that in many ways I’m no different from you. Like you, I have a broad perspective on business and capitalism. And also like you, I have been rewarded obscenely for my success, with a life that the other 99.99 percent of Americans can’t even imagine. Multiple homes, my own plane, etc., etc. You know what Im talking about.

. . .

I see pitchforks.


At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. The divide between the haves and have-nots is getting worse really, really fast. In 1980, the top 1 percent controlled about 8 percent of U.S. national income. The bottom 50 percent shared about 18 percent. Today the top 1 percent share about 20 percent; the bottom 50 percent, just 12 percent.


But the problem isn’t that we have inequality. Some inequality is intrinsic to any high-functioning capitalist economy. The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France. Before the revolution.


And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won’t last. If we don’t do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind of rising inequality...

==

Read more:

http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html#ixzz35txe2fl5

"I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell


That's the hypocrisy of socialism, and why no equal wealth distribution via means of government redistribution ever works.

The government has been given tax benefits and other huge advantages to the mega wealthy for decades.


It is tiime to end them - and especially all the advantages exploited by the rentier class

(As Revised)

I started a thread here today concerning yesterday's protest March in HK,

where somewhere between 100,000 and 500,000 Hongkongers participated.

I think that this political activity, and the cause that it supports is important

for HongKong, and may even have some bearing on local HK property prices.

I believe my posts reflected my usual passion towards issues, and included

some intelligent comments.

So I was disappointed and puzzled to find it had been moved WITHOUT EXPLANATION.

This post is a request for an explanation.

Can you please state Where it has been moved?

Or why it has been deleted?

I agree OTP, maybe ED works for Beijing.

Removed because it is irrelevant to the property forum.


Feel free to post in the Truths forum.


Thanks

Its totally relevant dude, doesn't the political environment impact investments? are you kidding me?

Ed,

i think it would have been better for you to move it, rather than simply deleting it.

(I would have been less bothered by that.)

Sorry - yes that makes sense

Here's Nick Hanauer again, speaking from the Heart - in a BANNED Talk


Banned TED Talk: Nick Hanauer "Rich people don't create jobs"


= https://youtu.be/CKCvf8E7V1g?si=gbhtZR7ZiJC7uIYI =

Another Rich insider, a Rockefeller, explains how the game works


https://youtu.be/y2n8tfN32CA?si=vdZdxT2Y9PL5bpJe

Congrats, Macau


According to today's Standard (and the World Bank show)


Macau has zoomed past Switzerland on the wealth list, and is now the new #4;


GDP per capita: USD$91,376 + 18%


Here's THAT list:

===========

#1 : Luxembourg

#2 : Norway

#3 : Qatar

#4 : Macau ------- $91,376

#5 : Switzerland - $80,523

===

# ? : Hong Kong - $38,124