Facilitating Prosperity

Discussions on the economic history of the nations taking part in WW2, from the recovery after the depression until the economy at war.
Globalization41
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Facilitating Prosperity

Post by Globalization41 » 05 Jul 2023 16:18

There are eight billion people in the world.  America has 300 million.  Roughly, about 1 in 25 humans are American citizens.  Now, let's assign a default wealth rating for an average U.S. citizen as 100.  What would the wealth rating for the average non-U.S. citizen human be estimated at?  Europe, Japan, Canada, Australia, South Korea, Taiwan, etc. would be closest to America in terms of wealth per citizen.  They've got toilets and other signs of wealth.  The rest of the world's humans aren't so lucky.  Mexico, South America, Africa, southern Asia, mainland Asia, etc. could be estimated as having less wealth per human.  Judging from the attempts to swarm U.S. borders with desperately poor non-U.S. citizens, it would seem there is too little wealth available to many non-U.S. citizens.  Therefore, in the case of a random non-U.S. citizen being born, let's say he would have a 10% chance of obtaining a wealth rating equal to the average American.  ... Now, multiply 300 million (U.S. population) by a wealth rating of 100 and you get 30 billion.  Then, multiply the rest of the world's humans of 7.3 billion by 10 (estimate wealth rating for non Americans) and you get 73 billion.  Add the grand total of wealth ratings (73 billion + 30 billion).  Now divide that by the world population of 8 billion (103 divided by 8) and you get almost 13 (wealth rating for the average world human).  ... Conclusion:  If America were merged with the rest of the world (open borders), its wealth rating would decrease from 100 to 13.

Globalization41.

Seppo Koivisto
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Re: Facilitating Prosperity

Post by Seppo Koivisto » 05 Jul 2023 20:44

According to the Credit Suisse Global Wealth Report 2022 the world mean wealth per adult is 87 489 USD, which is about 15% of of the US mean wealth per adult 579 050 USD. However, taking in account wealth inequality, the US median wealth per adult is 93 270 USD. So almost half of the US citizens would have more wealth than they have now.
https://www.credit-suisse.com/about-us/ ... eport.html

Globalization41
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Posts: 1444
Joined: 13 Mar 2002 02:52
Location: California

Re: Facilitating Prosperity

Post by Globalization41 » 05 Jul 2023 23:08

Seppo's link shows the average wealth rating for American adults is $87,489. I'm guessing about 80% of Americans are adult. Eighty percent of 87,489 equals 69,991. The Credit Suisse link also gives $463.6 trillion as the grand total of wealth in the world. Dividing $463.6 trillion by a world population of 8 billion equals $57,950. Converting 69,991 to an index of 100 causes 57,950 to ratio at 83. Therefore, according to the above, if America were rated at 100, the world rating would be 83. Thus, as an American citizen, I'm less than average economically compared to the average world citizen, but I still feel rich. ... In Post No. 1, I came up with the world wealth rating of 13 (instead of 83) if ratioed to a U.S. rating of 100. Therefore, I have good news, the world is immensely wealthier than I thought it was, according to Credit Suisse.

Globalization41.

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