01-02-2002 05:06									#31
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Sheesh, how much does property cost in Bristol Seneca?

	01-02-2002 05:15									#32
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Well, I must be honest and admit that I could get somewhere bigger in a crime-ridden craphole, but a decent flat in the centre will go for 100,000.

But the housing market is skewed right now - it will collapse, oh yes it will...

	01-02-2002 05:19									#33
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Following the logic of the wise saver, perhaps you should consider living somewhere outside Bristol, a nearby town or village with good transport links.

	01-02-2002 05:20									#34
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quote: [SIZE=1] with good transport links.

You don't know Britain well, do you...?

	01-02-2002 05:20									#35
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That's not too bad Seneca, I've seen a lot worse...

	01-02-2002 05:24									#36
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But this isn't meant to be a whinging thread about me - I'm comfortable and happy.

It's a thread about wealth - now, why does David Beckham care what he gets paid if he moves to Inter Milan? Surely he has so much already it's irrelevant to him if he gets a fiver per match?

	01-02-2002 05:27									#37
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Oh absolutely. And he should give me a few million of his money. Him and his missus between them must have an absolute fortune. But the question is, which one of them is the richer?

	01-02-2002 05:34									#38
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quote: Originally posted by Seneca You don't know Britain well, do you...?

I know enough to know many of you Brits often pay through the nose to live within walking distance of your workplace whereas people in the States and Australia would think nothing of commuting up to an hour to the office.

	01-02-2002 05:47									#39
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Yeah AH, but you are missing a point; the price of petrol and transportation in this country as well.

Although even within London people can be commuting for hours a day and the property is still extortionate. I wouldn't take a job down there, it is too much like a rat race.

	01-02-2002 05:51									#40
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quote: Originally posted by Provost Harrison Yeah AH, but you are missing a point; the price of petrol and transportation in this country as well. Although even within London people can be commuting for hours a day and the property is still extortionate. I wouldn't take a job down there, it is too much like a rat race.

Cost of transportation, my arse. Most Australian families run at least 2 cars.

	01-02-2002 05:53									#41
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Same here, but how much does your fuel, insurance, tax, etc, cost?

	01-02-2002 05:55									#42
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What's the price of property like in Oz, AH?

	01-02-2002 06:00									#43
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By Western world standards its high because of tax and other wealth incentives to buy your own home. Australia has one of the highest home ownership rates but it is dropping because of price rises. Almost everyone wants to become a "quarter acre peasant".

Sydney is one of the most expensive cities in the world. The way most Australians build wealth is through home ownership. They pay off one and move up to another. I'm in my second home now and almost ready to sell it and buy the third.

	01-02-2002 06:10									#44
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I've lived in the same house my ENTIRE life, and I'm so happy I did! I would hate moving around all over the place... Very disruptive for a child. Beautiful old colonial house. What a great place for a childhood.

	01-02-2002 06:40									#45
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quote: Originally posted by Seneca I was intrigued by a thread on Newsmax where someone earning $130,000 p.a. was complaining about how little money he had left after he paid taxes, health insurance, mortgage and kids' education. Resisting the urge to say 'Go **** yourself, you whinging ****, you earn more than our prime minister'

Well, if you made $130,000 p.a. you'd be mighty pissed off when 60% of that goes to the government too. To pay for your prime minister's salary, no less.

	01-02-2002 06:44									#46
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quote: Originally posted by Asher Well, if you made $130,000 p.a. you'd be mighty pissed off when 60% of that goes to the government too.

Try me...

Anyway, our top rate is only 40%.

quote: To pay for your prime minister's salary, no less.

Even the prime minister pays tax...

	01-02-2002 06:51									#47
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quote: Originally posted by Seneca Try me... Anyway, our top rate is only 40%.

Here in the Glorious Empire of Canadia the income tax maxes out at 50%, with another 10% or so in sales tax on everything you spend.

It's a royal ripoff.

quote: Even the prime minister pays tax...

Prime Minister doesn't pay tax in Canada, IIRC. I don't think any MPs do.

	01-02-2002 07:18									#48
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I can't remember the exact figures but the new (soon-to-be) mayor of New York (Bloomberg) was earning close to a million dollars a day. That's rich.

I'm also not sure being out of debt is a good indication of being rich or well off. For instance, if you loaned me money at 10% interest and I could invest it and get a 15% return it would be benefical to me to be more in debt seeing that I'm turning that money over into profit above and beyond the cost of interest you're charging me.

In the case of Bloomberg while he may be earning a million dollars per day it may very well cost him $975,000 per day to do it.

	01-02-2002 07:32									#49
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quote: Originally posted by WhiteElephants I can't remember the exact figures but the new (soon-to-be) mayor of New York (Bloomberg) was earning close to a million dollars a day. That's rich. I'm also not sure being out of debt is a good indication of being rich or well off. For instance, if you loaned me money at 10% interest and I could invest it and get a 15% return it would be benefical to me to be more in debt seeing that I'm turning that money over into profit above and beyond the cost of interest you're charging me. In the case of Bloomberg while he may be earning a million dollars per day it may very well cost him $975,000 per day to do it.

That's still $25,000 per day profit - I'd like to think I could just about struggle by on that....

No doubt I'll be accused of envy, bitterness, naivety or something, but I have to say there is something immoral about that amount of wealth being concentrated in one person, however hard-working or talented he may be.

	01-02-2002 07:39									#50
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quote: Originally posted by Seneca That's still $25,000 per day profit - I'd like to think I could just about struggle by on that.... No doubt I'll be accused of envy, bitterness, naivety or something, but I have to say there is something immoral about that amount of wealth being concentrated in one person, however hard-working or talented he may be.

Perhaps, but I was just using that figure for the arguements sake. For all I know he's taking every last penny to the bank. Cheers to him.

Rather than assume that Bloomberg is using his money immorally lets assume he's one of the few using it morally and that the vast majority of people are the one using their money immorally. Which is more probable? Lots of moral people, or only a few?

	01-02-2002 08:01									#51
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I don't care how he uses it - just the fact he has it.

And if you can't see the problem, well, I guess you're American and I'm European...

	01-02-2002 08:12									#52
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quote: Originally posted by Seneca I don't care how he uses it - just the fact he has it. And if you can't see the problem, well, I guess you're American and I'm European...

Sounds colored with a bit of jealousy.

Let's look at it this way. Bloomberg is providing more jobs to more people than I will ever in my entire life and perhaps more than the entire population of my city. Not to mention the sheer amount of taxes he pays that also end up in the pockets of others. I can't say what the ramifications of not having Bloombergs in my country would be, but I can entertain the idea that it would be a lot harder place for most of us to live.

	01-02-2002 10:32									#53
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My definition of "rich" depends on the context.

If we are talking politics, "rich" is anybody who makes $1 more than me, regardless of how much I am making.[/cynicism]

When do I know I have made it? When I know my kids will grow up to be happy, healthy, productive members of society who care deeply about others less fortunate than themselves.

	01-02-2002 11:04									#54
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I believe the appropriate question is, "how rich is rich enough?"

I'd be perfectly satisfied with, say, $6*10^4 annually.

	01-02-2002 18:55									#55
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Since poor is less than half your nation's PCI, then rich is more than twice your nation's PCI.

In US$ (1999) (source UNO):

USA=2*32778=65536
Canada=2*20822=41644
UK=2*24323=48646
Greece=2*11811=23622

	01-02-2002 19:20									#56
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I certainly don't regard myself as rich and by all the standards posted here I am not.

However, I have no debts, live in a nice house, have a nice car, go on nice holidays ever year and buy whatever I want, whenever I want without worrying about the price. I certainly don't need any more money.

But I don't think that money has a lot to do with standard of living (unless you are very poor). It is much more about where you live, what job you do, how you spend your leaisure time and your position in society.

Although many of my friends are now working in investment banks earning $200k+ a year, I regard myself as having a higher standard of living because of the way I live my life.

	01-02-2002 19:30									#57
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Agreed. I could move jobs, go to some London coding sweatshop and get paid a fortune but I wouldn't be happy. Wouldn't be able to afford a house there either so screw it.

	01-02-2002 22:17									#58
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This thread is meaningless. I thought the definition of "Rich" was anbody over a million $


Bill Gates is Rich. **** Cheney is rich.


I am not

	01-02-2002 22:52									#59
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quote: Originally posted by axi Since poor is less than half your nation's PCI, then rich is more than twice your nation's PCI. In US$ (1999) (source UNO): USA=2*32778=65536 Canada=2*20822=41644 UK=2*24323=48646 Greece=2*11811=23622

$41600/yr in Canada is RICH?
Hahahahahaa...

It doesn't scale like that, especially with the bloody tax system.

	01-02-2002 22:59									#60
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For a single person 41600 is plenty.

I don't see why you always complain about tax, you are a student I doubt you pay any tax.