Credit: Merriam-Webster
People who feel themselves to be disenfranchised often make bad choices. We saw how this worked out following the 1932 elections in Germany, where the people felt disenfranchised by the Treaty of Versailles & the events that followed it.6
More recently, people around the world appear to have made choices at the ballot box, which may have been guided by such feelings.
Your ability to read this, implies a certain level of wealth. You may, none-the-less, feel that you are one of the financially disenfranchised. The Global Rich List quantifies such ideas by ranking incomes against others, world-wide.
Check it out at:
Global Rich List
http://www.globalrichlist.com/
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Some representative examples
● USA minimum wage
If you live in the USA & receive the federal government nationwide minimum wage of $7.25 per hour,1 your annual income for 40 hour weeks, 52 weeks per year is :
$7.25 * 40 * 52 = $15,080 pa
Global Rich List places this income in the top 7.80% of richest people in the world
● USA mean personal income
Mean personal income in USA is $44,510 based on the Population Survey for 2015.2
Global Rich List places this income in the top 0.42% of richest people in the world
● Australian Age Pension
In Australia, the safety net for the elderly, is called the Age Pension. It is paid to all citizens (& some long-term residents), who pass age & means tests.3 Top rate, without supplementary benefits, is $794.80 per fortnight.4
$794.80 * 26 = $20,664 pa
Global Rich List places this income in the top 10.67% of richest people in the world
● Australian Newstart Allowance
Newstart Allowance is the benefit paid to the unemployed in Australia. For a single person with no dependent children, it is $528.70 per fortnight.
$528.70 * 26 = $13,746.20 pa
Global Rich List places this income in the top 17.06% of the richest people in the world
● Australian average weekly earnings
Recent figures place average weekly earnings for all workers in Australia at $1,145.605 Full time workers earn more.
$1,145.60 * 52 = $59,571.20 pa
Global Rich List places this income in the top 0.62% of richest people in the world
You’re probably doing better than your thought!
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1 Wikipedia: “Minimum wage in the United States”, https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
2 “Personal income in the United States”, https://en.wikipedia.org/wiki/Personal_income_in_the_United_States
3 Your Life Choices: “Pension eligibility”,
https://www.yourlifechoices.com.au/age-pension/pension-eligibility
4 Industry Superfunds: “Age Pension”,
http://www.industrysuper.com/retirement-info/age-pension/?gclid=Cj0KEQiA7qLDBRD9xJ7PscDCu5IBEiQAqo3BxFT4zjIwmjrLKTCCAB8EmslnRBHZy9hinEN_8_trcrsaAkco8P8HAQ
5 Business Insider Australia: “Here's how much the average Australian earns in a week”, http://www.businessinsider.com.au/heres-how-much-the-average-australian-earns-in-a-week-2016-2
6 Wikipedia: “German presidential election, 1932”, https://en.wikipedia.org/wiki/German_presidential_election,_1932 / vulgar splenetic megalomaniac disadvantage injustice inequity inequality unequal unfair liar misrepresentation dishonest psychopath sociopath narcissistic narcissism narcissist megalomaniac thin skin poverty wealth rich poor disadvantage disadvantaged unfair advantage brexit social justice socialjustice vulgar splenetic megalomaniac disadvantage injustice inequity inequality unequal unfair liar misrepresentation dishonest psychopath sociopath narcissistic narcissism narcissist megalomaniac thin skin poverty wealth rich poor disadvantage disadvantaged unfair advantage brexit social justice socialjustice /
