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Monday, November 20, 2006

A minor math error

I didn't catch this when it was first printed in the newspaper of record, but now that Andrew Tobias has pointed it out, I have to comment:

'I'M RICH, I'M RICH!' If you make $75,301 a year, you are the 49,205,295th richest person in the world, which puts you in the top 20 percent worldwide in terms of income. This data comes via the Global Rich List, a Web site created by Poke, a British interactive media company. Once the calculation is done, the site encourages newly wealthy-feeling users to give to charity. (globalrichlist.com) DAN MITCHELL

Consider the population of the U.S. which just passed 300,000,000 a month or so ago. 49,205,295 is in the top 17% of the U.S. population alone, much less of the world. As Tobias points out, $75,301 puts you in the top 0.82 percent of the world population. Yes, that's still in the top 20%, but it's a whole lot better than the top 20%. It's even better than the top 1%.

Just don't believe everything you read in the New York Times.

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