[AGL] Fwd: Fw: How does it feel to be rich? Bitchn'!

[michele mason]

Frances, as I became more disabled and less able to watch from 
fence-line to fence-line, I realized: The bigger your queendom, the 
bigger the job to defend and care for it.  mm

On Dec 8, 2006, at 11:49 AM, Frances Morey wrote:


> I wonder if the nitty gritty is a derivitive of the needy-greedy? This 

> is an eye opener, especially since I doubt that everything I have in 

> my 525 sq. ft. exceeds the $2,200 richness qualifier. Yikes. How does 

> it feel to be poor? Can't go by me though--I feel good, like James 

> Brown knew that I would. Maybe emotional states aren't based on bank 

> account balances after all. I remember being with a friend visiting 

> his neighbors in River Oaks and thinking that in Houston even the rich 

> don't feel like they have enough money.

> Seems like Capitalism is just another way of saying, "I deserve more 

> than the rest of you and I am not willing to share so go fuck off.

> Thanks, Ted.

> Best,

> Frances

>

> Ted Klein <taklein at austin.rr.com> wrote:

>> From: "Ted Klein" <taklein at austin.rr.com>

>> To: "Ted Klein" <taklein at austin.rr.com>

>> Subject: Fw: How does it feel to be rich?

>> Date: Fri, 8 Dec 2006 06:57:33 -0600

>>

>> Quit bellyaching!

>>  

>> Richest Two Percent Have Half The World's  Wealth

>>  

>>  

>>  

>> - Total assets of only $2,200 qualifies you for the  richest half of 

>> the people in the world.

>>  

>> - Total assets of only $61,000 get you in the top 10%  of the world's 

>> wealthiest. Most Americans who have owned a home for more than 10  

>> years would fall in this class with equity built up from down 

>> payment, inflation and loan amortization.

>>  

>> How does it feel to be  rich?

>>  

>> The richest  2 percent of adults in the world control more than 50 

>> percent of its assets.  In  contrast, the poorest 50 percent control 

>> just 1 percent of the world's wealth.

>>  

>> In other  words, distribution of the world's wealth, stocks, bonds, 

>> real estate, and  other assets is decidedly lopsided, according to a 

>> new survey.

>>  

>> And the data  reflect a wide disparity between the developing world 

>> and the developed world,  says The World Institute for Development 

>> Economics Research of the United  Nations University (UNU-Wider).

>>  

>> Almost 90  percent of the world's wealth is concentrated in North 

>> America, Europe, and  developed Asia-Pacific countries such as Japan 

>> and Australia, says the study.  For example, North America, which has 

>> just 6 percent of the world's population,  accounts for 34 percent of 

>> the world's wealth.

>>  

>> "Developed  countries have pulled ahead of the rest of the world," 

>> co-author of the study  Edward N. Wolff, a professor of economics at 

>> New York University, tells The New  York Times. "With the notable 

>> exception of China and India, the third world has drifted behind."

>>  

>> But even in  the richest countries, wealth is also distributed 

>> unevenly. In the U.S., the top  10 percent of the population holds 70 

>> percent of wealth. In France, the 10  percent own 61 percent of the 

>> country's wealth, 56 percent in the UK, 44 percent  in Germany, and 

>> 39 percent in Japan.

>>  

>> So what does  it take to be among the world's richest? Assets of 

>> $2,200 qualify for the  richest half. Those with $61,000 in assets 

>> are in the top 10 percent of the  world's wealthiest. And assets of 

>> more than $500,000 get you into the elite  branch of the richest 1 

>> percent in the world.

>>  

>> If all assets  in the world were distributed evenly to the 6 billion 

>> people in the world, each  person would have about $20,500 in assets, 

>> according to the study.

>>  

>>  

> Need a quick answer? Get one in minutes from people who know. Ask your 

> question on Yahoo! Answers.

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