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CosmicSex on 23 October 2018
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SpokenTruth said:
CosmicSex said:

I think you have no idea what I just said.  Being rich in one place is not rich in another place therefore a worldwide average is irrelevant.  Spending where?  Every country would have to have its own separate average.   This graph is for kids who don't have basic understanding of the greater world around them.  

Says the guy (kid?) who either didn't read the article or doesn't know what purchasing power parity means. 

I'm not a kid.  Try to have some respect.  Arguing with personal insults is pointless.  The problem with your idea of price parity is that it doesn't apply to me or anyone I know and we don't live in NY.  That was just an example.  Each region would need to have its own level (as is the case with reality).  There are certain numbers that can't be averaged like that.

Let me explain further.  Less than 1% of the people on the planet make more than 100k a year.  That on it own should be enough to get you to understand the wool this article is trying to pull over you.  Second the graph has 8.4 billion people represented.  Even if we were to cock our arms around our head and fain retardation, we can still tell that the 200 million rich figure surpasses the what is even possible if somehow less 1% make over 100k but 2.4% can spend 147k a year.  

How you would get the articles numbers is by taking the spending of the super rich, the middle class, and the poor and averaging it.  The super rich, in their infinitesimal size, make enough money that they can skew the average upward.  But its a meaningless figure.   You would want to use a deviation to get a better figure.  Again, there is no where in this country where 147kyear spending makes you rich. However, the rate of millionaires in the US is 3x the rate of the worlds 100k+ earners.