check out the amazing mental gymnastics the author comes up with to
We are not including, for example, any valuation of future Social Security benefits. Nor any value of human capital: that Harvard degree (if it was in, say, puppetry) might not be worth what was paid for it but it's worth something. Nor what is the greatest source of wealth for everyone in the developed countries: that happenstance that we were born into developed countries. Countries where if we go broke the children will still get educated, we'll still get medical care, food, shelter and all the rest: the value, in short, of being a citizen of a country with a developed welfare state.
this motherfucker really tried to claim that if you are broke in the USA you still get everything you need you live
KuroXppi [they/them] - 1mon
Next they'll say the imprisoned population is freer because they're incarcerated in America
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OffSeasonPrincess [she/her] - 1mon
In America the poor can choose between 1000 brands of bullshit they cant afford and thats where the real wealth is
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Assian_Candor [comrade/them] - 1mon
12
lil_tank [any, he/him] - 1mon
So, the correct answer is that there’s simply no poor people in America or Europe, even though the way we measure wealth means that it appears that there’re more poor people in those two places than there are in China.
Bro is trippin balls
12
MLRL_Commie [comrade/them, he/him] - 1mon
And you, too can be rich with this one simple trick!
:spongebob-imagination:
9
Beaver [he/him] - 1mon
Every single sentence of this article is gobsmacking.
6
Beaver [he/him] - 1mon
I think my favorite part is:
For example, that newly minted Harvard graduate, carrying perhaps $150k of debt and now coining it on Wall Street as a junior analyst would be counted, in this wealth measurement, as being in those poorest 10% of the world.
The idea of being one hundred and fifty thousand dollars in debt gives me heart palpations. Is this seriously the best defense that the author can offer, the example of going into debt to get the education and accreditation needed to then compete for jobs that may or may not be available? Actually, I'm sure it will be completely fine, because of the implicit family wealth and ivy league networking... things that every American definitely has access to!
4
stink @lemmygrad.ml - 1mon
No harvard graduate with connections to wall street is paying for their own schooling. Their parents almost definitely would have been footing the bill. Extremely rare in this era to be able to get your foot into the door of one of these companies unless you have nepotism or got lucky because your freshman year roommate's dad worked at Goldman.
4
FumpyAer [any, comrade/them] - 1mon
Also, even a degree from Harvard doesn't guarantee you'll ever get out from under that debt in this economy. Not to put too much sympathy towards Harvard grads.
miz in main
Credit Suisse Wealth Report: There Are More Poor People In America Than China [2015]
https://www.forbes.com/sites/timworstall/2015/10/14/credit-suisse-wealth-report-there-are-more-poor-people-in-america-than-china/check out the amazing mental gymnastics the author comes up with to
this motherfucker really tried to claim that if you are broke in the USA you still get everything you need you live
Next they'll say the imprisoned population is freer because they're incarcerated in America
In America the poor can choose between 1000 brands of bullshit they cant afford and thats where the real wealth is
Bro is trippin balls
And you, too can be rich with this one simple trick! :spongebob-imagination:
Every single sentence of this article is gobsmacking.
I think my favorite part is:
The idea of being one hundred and fifty thousand dollars in debt gives me heart palpations. Is this seriously the best defense that the author can offer, the example of going into debt to get the education and accreditation needed to then compete for jobs that may or may not be available? Actually, I'm sure it will be completely fine, because of the implicit family wealth and ivy league networking... things that every American definitely has access to!
No harvard graduate with connections to wall street is paying for their own schooling. Their parents almost definitely would have been footing the bill. Extremely rare in this era to be able to get your foot into the door of one of these companies unless you have nepotism or got lucky because your freshman year roommate's dad worked at Goldman.
Also, even a degree from Harvard doesn't guarantee you'll ever get out from under that debt in this economy. Not to put too much sympathy towards Harvard grads.