Comments on: Links for 07-12-2006 http://www.velcro-city.co.uk/links-for-07-12-2006/ Science fiction, science fact, and all that's in between ... Tue, 02 Mar 2010 08:23:50 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: balykins http://www.velcro-city.co.uk/links-for-07-12-2006/comment-page-1/#comment-11069 balykins Fri, 08 Dec 2006 20:57:45 +0000 http://www.velcro-city.co.uk/links-for-2006-12-07/#comment-11069 impressive and explains the above impressive and explains the above

]]> By: Brian Wang http://www.velcro-city.co.uk/links-for-07-12-2006/comment-page-1/#comment-10921 Brian Wang Fri, 08 Dec 2006 03:10:21 +0000 http://www.velcro-city.co.uk/links-for-2006-12-07/#comment-10921 business intelligence, ecommerce and real estate in the top 1% according to the UN study. business intelligence, ecommerce and real estate in the top 1% according to the UN study.

]]> By: balykins http://www.velcro-city.co.uk/links-for-07-12-2006/comment-page-1/#comment-10895 balykins Thu, 07 Dec 2006 22:57:03 +0000 http://www.velcro-city.co.uk/links-for-2006-12-07/#comment-10895 hey Brain Wang just wondering wat do u do for a living? hey Brain Wang just wondering wat do
u do for a living?

]]> By: balykins http://www.velcro-city.co.uk/links-for-07-12-2006/comment-page-1/#comment-10894 balykins Thu, 07 Dec 2006 22:56:26 +0000 http://www.velcro-city.co.uk/links-for-2006-12-07/#comment-10894 hey Brain Wang just wondering wat donu do for a living? hey Brain Wang just wondering wat donu do for a living?

]]> By: Brian Wang http://www.velcro-city.co.uk/links-for-07-12-2006/comment-page-1/#comment-10776 Brian Wang Thu, 07 Dec 2006 05:52:39 +0000 http://www.velcro-city.co.uk/links-for-2006-12-07/#comment-10776 >2% own over 50% of the worlds wealth. What is there to feel guilty about? You get born into a situation and you make the best of it. Some start off unlucky. Bad country. Bad parents. Bad health. etc... Most have the chance to significantly improve their own situation. Especially anyone in Japan, Europe, North and South America, Australia, S Korea, Taiwan and pretty much any country in the top 40 of gdp per capita http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita Now most people in China and significant numbers in India. For those who ended up in a bad country then probably the best thing to do is to first recognize this and escape that situation to where hard work and reasonably good choices can bring results. A big part of the problem is that over half the people live in places that are too screwed up and have no system or way to build any wealth. But just they are standing still or regressing in wealth does not mean we should hold back those in places where things are working. For those already in the pretty good places of the top 40 gdp per cap places then it is a matter of developing some reasonable mastery of some important wealth building skills and knowledge. Right now there is a growing wave of people who are becoming rich in many countries. In the USA there are about 8.3 million millionaires not including their primary residence. This is increasing at about 7-10% per year. http://en.wikipedia.org/wiki/Millionaire http://www.spectrem.com/custom.aspx?id=32 http://money.cnn.com/magazines/moneymag/whatittakes/ This is similar to the effect in china http://www.economist.com/research/backgrounders/displaystory.cfm?story_id=7246087 with expanding wealth at the middle and higher tiers. Waves where a lower middle class grows and becomes dominant and then a upper middle class grows. Mass affluence is growing in the developed countries and will become the dominant class over the next few decades replacing what is now considered the middle class. Probably in the 2025-2035 timeframe. Certainly most of the 33 million mass affluent should move up to millionaire status. >2% own over 50% of the worlds wealth.

What is there to feel guilty about?
You get born into a situation and you make the best of it.
Some start off unlucky. Bad country. Bad parents. Bad health. etc…
Most have the chance to significantly improve their own situation.
Especially anyone in Japan, Europe, North and South America, Australia, S Korea, Taiwan and pretty much any country in the top 40 of gdp per capita
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29_per_capita
Now most people in China and significant numbers in India.

For those who ended up in a bad country then probably the best thing to do is to first recognize this and escape that situation to where hard work and reasonably good choices can bring results. A big part of the problem is that over half the people live in places that are too screwed up and have no system or way to build any wealth. But just they are standing still or regressing in wealth does not mean we should hold back those in places where things are working.

For those already in the pretty good places of the top 40 gdp per cap places then it is a matter of developing some reasonable mastery of some important wealth building skills and knowledge.

Right now there is a growing wave of people who are becoming rich in many countries. In the USA there are about 8.3 million millionaires not including their primary residence. This is increasing at about 7-10% per year.
http://en.wikipedia.org/wiki/Millionaire
http://www.spectrem.com/custom.aspx?id=32
http://money.cnn.com/magazines/moneymag/whatittakes/

This is similar to the effect in china
http://www.economist.com/research/backgrounders/displaystory.cfm?story_id=7246087
with expanding wealth at the middle and higher tiers. Waves where a lower middle class grows and becomes dominant and then a upper middle class grows.

Mass affluence is growing in the developed countries and will become the dominant class over the next few decades replacing what is now considered the middle class. Probably in the 2025-2035 timeframe. Certainly most of the 33 million mass affluent should move up to millionaire status.

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