[lbo-talk] UN: Richest 2% of adults own more than half of global household wealth

[Doug Henwood]

On Dec 5, 2006, at 3:42 PM, ravi wrote:


> I think Doug is mentioning wealth vs income because you wrote, in the
> quoted text above: $60k a year. From Doug's calculations, it seemed  
> like
> wealth redistribution would yield $45k per person one time.

Right. I was confused by the "per year." $45,000 would yield only  
about $2,250/yr, which isn't much by US standards but is about the  
per capita income of Pakistan (PPP basis).

Doug