Citizens of the Imperium

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-   -   How many millionaires on a world? (http://www.travellerrpg.com/CotI/Discuss/showthread.php?t=27597)

rancke November 19th, 2012 12:35 AM

How many millionaires on a world?
 
Does anyone have any notions of how to guesstimate the number of millionaires on a world? We have ways to establish the size of the population and the per capita income. But if we take, for example, a world with 700 million inhabitants and a per capita income of Cr25,600 (that's TL12, Rich according to Striker), how many of the citizens will own a million credits or more? And of that number, how many will own ten million or more, hundred million or more, etc., etc.?

I realize that the social pyramid can be steeper or flatter on one world and another, but what about coming up with a ballpark figure?

I'm completely at sea on this one. Any ideas? Suggestions? Full-fledged rules and tables? ;)


Hans

aramis November 19th, 2012 02:24 AM

Well... looking at some sources of per capita numbers:
http://www.netstate.com/states/table..._household.htm
http://images.businessweek.com/slide...naires#slide21

The top 20 nations run 1.4% (Canada) to 15.5 (Singapore)
US States run 2.15% to 4.13

Running the numbers (using a spreadsheet), I find a 0.83 correlation between the rate and the median income. I get roughly 0.1% per $1592 as a best fit, and it DOES look near-linear.

Enoki November 19th, 2012 06:54 AM

If by "millionare" you mean ultra-rich persons it usually runs 1 to 2% of the population using round figures.

BytePro November 19th, 2012 07:07 AM

I'd say it would depend on government & law type - look at the % of world population vs % of GDP for individual countries and there are huge disparities - just like there would be for different systems and worlds.

As to RW figures - see https://infocus.credit-suisse.com/da...lth_report.pdf

And take them with a grain of salt... the graphs look nice and neat - and that is invariable because someone just did a little 'curve-fitting'. In other words, they cheated - who's going to check their numbers anyway? ;)

Note too that the charts below (from 2010 I suspect) reflect est. adult population, so, global millionaires would actually be ~0.3% of the entire population.(assuming 7 billion).

http://www.zerohedge.com/sites/defau...Wealth%202.jpg

http://www.zerohedge.com/sites/defau...ealth%2014.jpg
Note the nice curve as that is how it was 'extrapolated'. In this case the supplying website says as much (http://www.zerohedge.com/article/det...h-distribution).

BillDowns November 19th, 2012 12:35 PM

And don't forget that some places will become a playground for the rich and famous, like Palm Springs, or Telluride, or Monte Carlo, etc.

I seem to recall a novel where some ultra-rich had a system to themselves, living on asteroids. Each asteroid had but 1 owner, of course, and the poorest resident was a billionaire or multi-billionaire. May have been John Grimes novel - can't recall much about it, though. It's been too long. :)

Carlobrand November 19th, 2012 07:46 PM

Quote:

Originally Posted by BytePro (Post 410591)
...Note too that the charts below (from 2010 I suspect) reflect est. adult population, so, global millionaires would actually be ~0.3% of the entire population.(assuming 7 billion).

:confused:But why would you want to compare the incomes of adult millionaires with the incomes of dependent children and infants? You'd compare him/her to other income earners (or potential earners, in the case of the unemployed). Thus, you wouldn't compare him to the entire world population - only to the population of others who are or could be earning an income, which presumably is the set from which they drew their data.

BytePro November 19th, 2012 08:07 PM

Because Traveller listings tend to give entire world population. ;)

Carlobrand November 19th, 2012 10:44 PM

Quote:

Originally Posted by BytePro (Post 410661)
Because Traveller listings tend to give entire world population. ;)

Uh, Traveller gives entire world populations, so ... you're going to compare adults to children? Oh wait, I get it. Millionaire adults out of an entire population. Silly me.

But, if the millionaire's a millionaire, don't his dependent children count as millionaires too? They'll certainly have access to some of his wealth and influence. They may even have trusts and such. I guess it's a question of whether the OP is asking what percentage of the population lives wealthy or what percentage of the population controls wealth.

BytePro November 19th, 2012 11:44 PM

I originally thought the charts were way wrong because they summed to a world pop of ~4.4 billion and not something closer to 7 billion - till I read that it was looking at adults (so teeny pop-stars don't count I guess!). ;)

In the RW, the charts approach makes sense - but Traveller lacks the fidelity to make that applicable. But, even if one did take this into account, the total number of millionaires would not change (just the numbers percentages relate to - i.e. 10% of adults, vs 5% of total pop with only 50% adults - 6 of 1, half dozen of the other...).

By definition, the OPs question relates to individual wealth. Dependents counting automatically as millionaires wouldn't make sense - consider, if one adult only has a million credits and two dependents - then in total they would each only have 1/3 million => i.e. not be millionaires.

rancke November 20th, 2012 12:13 AM

Quote:

Originally Posted by BytePro (Post 410689)
I originally thought the charts were way wrong because they summed to a world pop of ~4.4 billion and not something closer to 7 billion - till I read that it was looking at adults (so teeny pop-stars don't count I guess!). ;)

So something around 37% of the population of Earth are minors?

Quote:

By definition, the OPs question relates to individual wealth. Dependents counting automatically as millionaires wouldn't make sense - consider, if one adult only has a million credits and two dependents - then in total they would each only have 1/3 million => i.e. not be millionaires.
Yes, I agree.

From that neat pyramid graph you posted, it would seem that once you know the number of millionaires-and-up, one third of that would be 10-millionaires-and-up, one third of that would be 100-millionaires-and-up, one third of that would be billionaires-and-up, etc., etc.. Close enough for Traveller world-detailing purposes, anyway.

But how to get the number of millionaires-and-up in the first place? For one thing, the currency has to be a factor. There would be six times as many millionaires in the world in Danish kroner than there are in US$. For another, per capita income would have to factor in somehow.


Hans


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