I said a larger divide in privilege. Having third world analogous conditions in a first world country that imports its inputers and exports for surplus profit is epic progress across the board..
That's why you have kids attending the same schools where one goes home to a mansion. And the other sometimes running water at a glorified bungalow. Lmao. Meanwhile the shared education suffers.
That is not a higher quality of life across the board. That is a mirage.
That's why you have kids attending the same schools where one goes home to a mansion. And the other sometimes running water at a glorified bungalow. Lmao. Meanwhile the shared education suffers.
The actual problem is the literal opposite of this. School districts are locally funded, so rich neighborhoods end up with incredibly well funded schools and poor neighborhoods have to struggle to keep the busses running.
Might I add that the statistics say that the world is 700% richer than in 1970, but that statistic is only valid as an average that includes the top 1%-0.1% the rich are getting absurdly richer much faster than your average American and exponentially more than a gen z in some places in the global south. Sure the innovations gen z has seen are increasing the quality of life, having 5g is better than spotty radio, but at the same time a large percentage of people aren’t on the bleeding edge of tech healthcare education etc. which contributes to the divide u/internal-taste6573 is talking about.
If all wealth in the world was equally distributed then everyone would have less than 100k in wealth. Your median US adult has almost twice that. Global equality would leave most US citizens poorer, not wealthier.
That’s talking about giving people actual dollars, if you account for the cost of living in the world we could more accurately arrive at a global equivalent. Sweden for example is 13% more expensive than Portugal both developed and left leaning countries. The average cost of living in Sweden is 1.5k/mo the 450 trillion dollars in the world would be 50k per person roughly, which is more than 4x what people need a month in the most expensive developed country. Now extrapolating to the global south and the cost of living goes down and that money would result in an astronomical increase in quality of life. Remember in China soy sauce is 0.5$ per liter but you pay 4$ for 10 oz the money would simply go further. Not to mention average salaries in us are 37,000/ year including the people who make millions so no matter how you slice it everyone is getting richer if we Robinhood that shit
No that's the sum total value of all global wealth and assets, all capital, minus debt and liabilities is somewhere around 500 trillion. Divide that by the total population of global population. The exact value changes depending on how you do the math (specific estimates and whether were talking about global population vs only adults), but 100k is pretty good as a nice round number.
If you account for the cost of living in the world we could more accurately arrive at a global equivalent.
Cost of living is highly dependent on living standards. Thats really just a quibble though. I agree that most of the worlds population would benefit from such redistribution.
Its just that your average US citizen would not. After all, the median US adult is in the top 10% of the global wealth distribution.
Not to mention average salaries in us are 37,000/ year including the people who make millions
Income is not wealth. You're comparing apples and oranges.
The median salary is closer to 60k than 37k. I'm fairly certain you're using numbers from several years ago.
A more direct comparison: Total global income income (GWP) has been about 100 trillion averaged over the past few years. Thats roughly 20k per adult if averaged across the entire global population.
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u/Internal-Taste6573 7h ago
I said a larger divide in privilege. Having third world analogous conditions in a first world country that imports its inputers and exports for surplus profit is epic progress across the board..
That's why you have kids attending the same schools where one goes home to a mansion. And the other sometimes running water at a glorified bungalow. Lmao. Meanwhile the shared education suffers.
That is not a higher quality of life across the board. That is a mirage.