European Tribune - Comments - Socratic Economics III: Is full employment possible? And how?

Socratic Economics III: Is full employment possible? And how? | 47 comments (47 topical, 0 editorial, 0 hidden)

If I now would leave geology and continue to receive the monthly income to sustain myself with food and shelter...

In other words, if you were independently wealthy...

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Fri Aug 31st, 2007 at 10:34:22 AM EST
[ Parent ]

What is wealth? (4.00 / 2)

I would say financially independent.

The mind's eye on (financial) wealth somehow always conjures a number containing more digits than my monthly allocation.

by Nomad on Fri Aug 31st, 2007 at 10:44:43 AM EST
[ Parent ]

Re: What is wealth? (none / 0)

Let me guess: you need $250k.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Fri Aug 31st, 2007 at 10:47:40 AM EST
[ Parent ]

Per annum (none / 1)

For my current living style, far less than that. I currently live perfectly happy on less than 1/20th of $250k. This is Africa. For half of that, I could upgrade from renting a cottage to buying an apartment, sustain a family of three and develop my pet projects to my heart's content.

Any particular reason why the $250k figure came up?

by Nomad on Fri Aug 31st, 2007 at 11:16:13 AM EST
[ Parent ]

Re: Per annum (4.00 / 2)

Actually, the correct number would have been more like $110k. (Hence your "for half of that")

I took ZA's GDP (nominal) per capita from wikipedia and multiplied by 20. The original figure came from taking the GDP (PPP), which was a mistake.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Fri Aug 31st, 2007 at 11:26:14 AM EST
[ Parent ]

Lump sum (none / 1)

not per annum.

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Fri Aug 31st, 2007 at 11:33:24 AM EST
[ Parent ]

Socratic Economics III: Is full employment possible? And how? | 47 comments (47 topical, 0 editorial, 0 hidden)

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