Tuesday, July 24, 2007

Where Do You Stand?

Some Have It All - The Rest Of Us Fodder Units Don't -
by The Old Hippie Because it is Getting Worse by the Hour, as the “Allowing” Continues.

Statistics: [7/24/07 - http://www.census.gov/] U.S.A. 302,421,881 - World 6,607,176,256

The average American household is worth $50,000/year.
(Averaged income of the approximately 96.5% rest of us American “fodder units.”)

7.5 million households in America are worth up to $10m.  (2.5%)
Plus 2 million are worth $10m-$100m  (0.66%)
Plus thousands are worth more than $100m.  (Approximately 0.3%)

The wealth of all US millionaires [alone is over] $30 trillion, which is more than the
GDPs of China, Japan, Brazil, Russia and the EU combined.

That totals approximately 9.6 Million American "households" that have more than $10 Million.
- Or - Only (approximately) 3.5% of the total American population.

There is now a two-year waiting list for 200ft yachts.  If put end to end,
the boats on that list, which cost $50m each, would be 15 miles long.

Sebonack Golf Club in the Hamptons, charges $650,000/membership.
That doesn’t include the $12,000 annual dues, or tips for caddies.

Google founders Sergey Brin & Larry Page have a private Boeing 767.

John D. Rockefeller was America’s first billionaire.  When adjusted for
inflation, he had $14bn less than each of Sam Walton’s 5 kids today.
 Your Right

There were 13 US billionaires in 1985.  Now there are more than 1,000.

There are as many millionaires in North Carolina as in India.

“Affluent” is “not really rich”.  One needs about $10m to be considered entry-level rich now.

[Direct Link to the Original Source Article Here.]

= = = = = = = = = = = = = = =  <  B e l o w  T h e  F o l d  >  = = = = = = = = = = = = = = = 

Here are a few light-hearted Cartoons to brighten your day...

Sandy Huffaker

Ann Telnaes

David Horsey

Kirk Anderson

Bruce Plante

Jeff Danziger

Sandy Huffaker


At 7/26/2007 12:53 PM, Anonymous ::mwah:: said...

When Bill Gates walks into a bar, the average income of the customers rises. I think those 1,000 billionaires are ruining the statistics.

At 8/26/2009 11:28 AM, Blogger The Sailor said...

I liked this post a lot, but not to quibble, there are always waiting lists for large yachts, they're custom built and it takes time.

I get the point and the cartoons were great.

Best regards,

The Sailor

At 8/26/2009 5:38 PM, Blogger The Old Hippie said...

Dear Sailor - Just viewed your blogs.

I have linked your “Vidiot Speak” in my Blogs of Interest.

I hope it helps with your hits a bit.

I think you and I may have much in common, vocationally and politically.


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