Top 10 countries by National Wealth

[Solomon2]

...The typical American is a dirt poor maggot.

U.S. median household income is over $50,000 a year vs. the average household income of $84,000 a year. I wouldn't call people earning $50,000 a year "dirt poor maggots".

 

[TheTruth]

Probably because you are one of the most racist people on this board.

You get what you give. I see you spamming racist posts about "Mongoloids" all day, I guess maybe my throwing of oil on your fire has changed your tune?

U.S. median household income is over $50,000 a year vs. the average household income of $84,000 a year. I wouldn't call people earning $50,000 a year "dirt poor maggots".

Median income in a highly distorted economy like America's is not useful. 10% own 85%+ of everything. That leaves the rest with a per capita net worth lower than China or Russia.

 

[Solomon2]

Median income in a highly distorted economy like America's is not useful. 10% own 85%+ of everything. That leaves the rest with a per capita net worth lower than China or Russia.

Show me.

 

[TheTruth]

Show me.

Who Rules America: Wealth, Income, and Power

I think it might actually be worse, like 10% owns 87, 89%. It's getting higher.

China's net worth per capita is listed by Credit Suisse in one of the posts above here. After it's adjusted on a PPP basis (as we're talking about family living here) the bottom 90% of Americans have lower net worth than the average Chinese, and this isn't counting undocumented laborers in the United States

 

[Arya Desa]

You get what you give. I see you spamming racist posts about "Mongoloids" all day, I guess maybe my throwing of oil on your fire has changed your tune?

I've never used the word "Mongoloid". In fact, when I came to this board I had a very positive opinion of china, but seeing how you guys view us has been eye opening, to say the least.

 

[TheTruth]

I've never used the word "Mongoloid". In fact, when I came to this board I had a very positive opinion of china, but seeing how you guys view us has been eye opening, to say the least.

When I came here I had sympathy for India. But now I know you have a race complex that compels your kind to kill people like Nido Taniam, and gang-rape "Northeast Indian" girls after asking them if they're from China.

Well I still have sympathy for India, and I knew all of that before, but there's no way I'm going to stand aside and let the Indo-trolls play their "master race" act here.

 

[Arya Desa]

When I came here I had sympathy for India. But now I know you have a race complex that compels your kind to kill people like Nido Taniam, and gang-rape "Northeast Indian" girls after asking them if they're from China.

Well I still have sympathy for India, and I knew all of that before, but there's no way I'm going to stand aside and let the Indo-trolls play their "master race" act here.

No Indian claims to be the master race and the NE is a more complicated than simply race. My people were slaughtered too, yet we never claim racism.

 

[TheTruth]

No Indian claims to be the master race and the NE is a more complicated than simply race. My people were slaughtered too, yet we never claim racism.

Why not call it racism, when it is racism? Mass murder of Sikhs or Muslims is not better but it's not racism, it's sectarian violence. They're different classes of the same evil.

Anyway I feel like I have verbally assraped people like DRAY, Griffin, that Indian guy in France, EastSea, Gambit, that random Turkish guy so hard that they've stfu so I can put out my real opinions now.

 

[Solomon2]

China's net worth per capita is listed by Credit Suisse in one of the posts above here. After it's adjusted on a PPP basis (as we're talking about family living here) the bottom 90% of Americans have lower net worth than the average Chinese, and this isn't counting undocumented laborers in the United States

Good article but I couldn't find the link to this bit.

 

[Arya Desa]

Why not call it racism, when it is racism? Mass murder of Sikhs or Muslims is not better but it's not racism, it's sectarian violence. They're different classes of the same evil.

Mass murder of Sikhs was done by people of a different ethnicity. We are Punjabi and they are biharis, yet we don't call it racism because the reasons were not racism in origin. They were because we are nonhindus. Similarly NE are killed because they Christians.

 

[Edison Chen]

Most Chinese have our own house properties, so we have more wealth by this property standard, but less monetary income. The structure is problem.

 

[TheTruth]

Good article but I couldn't find the link to this bit.

This is a distilled version ripped by Wikipedia

National wealth - Wikipedia, the free encyclopedia

W/ the recent PPP update (deflator is 1.7) that puts China's PPP net worth at 35.7t, not counting net external assets and I think central bank assets (together ~$3-4t)

 

[Solomon2]

Most Chinese have our own house properties, so we have more wealth by this property standard, but less monetary income. The structure is problem.

You can sell and re-sell your property as you wish now?

 

[TheTruth]

Most Chinese have our own house properties, so we have more wealth by this property standard, but less monetary income. The structure is problem.

There is surprising good news. 50% of wealth for China is locked in real estate, the rest is financial. This is extraordinarily high. It either means real property wealth is vastly under-counted or Chinese people are being typical mass savers. The ratio for example is 80/20 in India and about 70/30 in the States.

 

[Edison Chen]

You can sell and re-sell your property as you wish now?

Citizens can do this freely. Farmers cannot, their land belongs to collective ownership that can't be traded.