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A question for our British members:
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Sep 20, 2021 09:10:49   #
Bridges Loc: Memphis, Charleston SC, now Nazareth PA
 
JADAV wrote:
A British millionaire will own at least £1,000,000 whereas an American millionaire will own at least $1,000,000. European millionaires will own at least €1,000,000. Interestingly since the American billion has been adopted then there some billionaires owning at least 1,000,000,000 of their respective currencies. Historically a British billion was a million x million and not only a thousand x million - I wonder if under the old definition whether a billionaire would exist today.


Thanks, that is the answer I was looking for! And yes, there are a lot of millionaires today but many of them would not consider themselves so. Just in the area I live in are many farms that if sold off, would bring 100,000 to 160,000 per acre when converted to a subdivision. Of course the developer wouldn't pay those prices since they would have to invest many dollars in roads, utilities, clearing, leveling etc., but even if they only paid 10,000 per acre a mere 100 acre farm would be a million. There are a lot of 100 to 500 acre farms in the area and technically speaking, every one of those farmers is a millionaire. While a lot of the farms still maintain older but nice farmhouses, some have built beautiful modern homes that alone would be in the 500,000 to a million category. Then layer on half a million in farm equipment etc. Still, I doubt if many of those farmers would consider themselves as millionaires.

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Sep 20, 2021 11:48:15   #
sippyjug104 Loc: Missouri
 
I am happy to be recognized as a thousandaire.

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Sep 20, 2021 15:44:19   #
robertjerl Loc: Corona, California
 
chrissybabe wrote:
This is not quite right. "Greater China" does not include Taiwan although Xi Jinping might differ.


Then you had better tell the site where I got the definition of "Greater China".
https://www.yourdictionary.com/greater-china

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Sep 20, 2021 16:36:00   #
chrissybabe Loc: New Zealand
 
robertjerl wrote:
Then you had better tell the site where I got the definition of "Greater China".
https://www.yourdictionary.com/greater-china

I have never seen it used that way. Just because a site decides to define something doesn't make it so. It may have had some truth in 1920 but no longer correct.
Used that way I guess we can call the US a member of the Greater-england grouping.
China, Hong Kong and Macau are all part of China now (and so will a lot of other areas if they aren't stopped). Taiwan and Singapore would seriously object if you tried to tell them that they had any commercial, cultural and especially political similarities with China. Probably the only place where the term is used now is in Xi Jinpings fertile aggressive paranoid mind. I wonder where "some circles" are ?

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Sep 20, 2021 16:39:09   #
robertjerl Loc: Corona, California
 
chrissybabe wrote:
I have never seen it used that way. Just because a site decides to define something doesn't make it so. It may have had some truth in 1920 but no longer correct.
Used that way I guess we can call the US a member of the Greater-england grouping.
China, Hong Kong and Macau are all part of China now (and so will a lot of other areas if they aren't stopped). Taiwan and Singapore would seriously object if you tried to tell them that they had any commercial, cultural and especially political similarities with China. Probably the only place where the term is used now is in Xi Jinpings fertile aggressive paranoid mind. I wonder where "some circles" are ?
I have never seen it used that way. Just because a... (show quote)


That is just one, google "Greater China" and you will get pages that say pretty much the same thing.

https://www.google.com/search?q=%22Greater+China%22&rlz=1C1CHBF_enUS937US937&oq=%22Gre&aqs=chrome.0.69i59j69i57j35i39l2j46i199i291i433i512j46i131i433i512j46i199i291i433i512j69i60.1951j0j7&sourceid=chrome&ie=UTF-8

It isn't a country or under one government, it is a concept and name used by many to describe a region.

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Sep 20, 2021 17:10:59   #
chrissybabe Loc: New Zealand
 
robertjerl wrote:
It isn't a country or under one government, it is a concept and name used by many to describe a region.

A region would have to be areas that are NEXT to each other. Singapore, although with a large Chinese origin population, is NOT next to China so how could it be called part of a region ? There are some American cities that could be included now with their large Chinatowns. Taiwan is next to China but any user using the term political to associate Taiwan with China would get a rude awakening.
See my comment re Greater-england and that would be especially applicable considering the wide spread region of where the English spread to.
One thing that amazes me is how a term that might have had some reasoning years ago, but is now badly misplaced, can linger on for decades. It has lost its original meaning. So referring to the term, with no modern meaning, is just crazy.

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Sep 20, 2021 17:50:10   #
robertjerl Loc: Corona, California
 
chrissybabe wrote:
A region would have to be areas that are NEXT to each other. Singapore, although with a large Chinese origin population, is NOT next to China so how could it be called part of a region ? There are some American cities that could be included now with their large Chinatowns. Taiwan is next to China but any user using the term political to associate Taiwan with China would get a rude awakening.
See my comment re Greater-england and that would be especially applicable considering the wide spread region of where the English spread to.
One thing that amazes me is how a term that might have had some reasoning years ago, but is now badly misplaced, can linger on for decades. It has lost its original meaning. So referring to the term, with no modern meaning, is just crazy.
A region would have to be areas that are NEXT to e... (show quote)


Have it your way but many people, esp financial institutions etc. still use it. And this region is defined not by physical location touching each other but by being dominated by Chinese people or institutions. Plus on the scale of the entire planet they are close together.

Instead lets just organize things like this map I got off a joke site. Or are you anti-cat/joke also?


(Download)

Greater China is all in the cat's head, except Singpore which some count as part of Greater China
Greater China is all in the cat's head, except Sin...
(Download)

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Sep 20, 2021 18:52:41   #
John Hicks Loc: Sible Hedinham North Essex England
 
In the UK a millionaire is a person with one million pounds Stirling
A billionaire is a person with a million million pounds.

I hope this clears up the matter an imperial gallon which a gallon in the UK is 4.64 literes

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Sep 20, 2021 19:35:43   #
wireloose
 
Since Taiwan is officially the Republic of China (a name disputed by the People's Republic of China), and that it was the representative of China at the United Nations until 1971 (when the UN declared the PRC to be the official representative) it does seem that including it in Greater China is logical. Walking through the Imperial Palace in Beijing is disappointing, as virtually the entire contents- many of the greatest treasures of Chinese history- are held at the spectacular Royal Palace Museum in Taipei. Politically they are separate countries, but culturally they are closely linked.

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Sep 20, 2021 20:18:11   #
chrissybabe Loc: New Zealand
 
robertjerl wrote:
Have it your way but many people, esp financial institutions etc. still use it. And this region is defined not by physical location touching each other but by being dominated by Chinese people or institutions. Plus on the scale of the entire planet they are close together.
Instead lets just organize things like this map I got off a joke site. Or are you anti-cat/joke also?

No I am not against anti-cat jokes. Although this one is particularly true as it describes exactly what China is trying to do with Australia.
I would steer clear of any financial institution who uses the term Greater-china as it does not indicate any truthfulness as to the real state of affairs as exists in the region. I guess if it only covers areas where having an ethic Chinese background exists it certainly does not cover political, cultural or commercial areas because Taiwan or Singapore (see below)
I note that the shape of the cat actually covers a better representation of the region covered by the Greater-english area.
And I do not concede that the region you claim as being Greater-china is dominated by the Chinese people. China itself is dominated by the CCP who do not represent the Chinese people.
Even the definition of Greater-china is not clearly understood. Look at this I found 'Outside Greater China, Singapore is the only country in the world where ethnic Chinese constitute a majority of the population and they are well represented in all levels of Singaporean society, politically and economically.' From google - clearly this definition does not include Singapore.

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Sep 20, 2021 20:51:38   #
chrissybabe Loc: New Zealand
 
wireloose wrote:
Since Taiwan is officially the Republic of China (a name disputed by the People's Republic of China), and that it was the representative of China at the United Nations until 1971 (when the UN declared the PRC to be the official representative) it does seem that including it in Greater China is logical. Walking through the Imperial Palace in Beijing is disappointing, as virtually the entire contents- many of the greatest treasures of Chinese history- are held at the spectacular Royal Palace Museum in Taipei. Politically they are separate countries, but culturally they are closely linked.
Since Taiwan is officially the Republic of China (... (show quote)

Despite the fact that there is little commercial, cultural or political linkages between China and Taiwan the only thing they have in common is an enthic link. To assume that means there is much, if anything, in common is a mistake so why lump them together ?
It is good that Chinas greatest treasures are safe from the cultural butchers of the CCP. I have been there - truly spectacular. No wonder the CCP wants Taiwan so that they can destroy the last cultural history of a once great people.

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Sep 22, 2021 15:57:25   #
KelloggKid
 
In the N America if you study a line of ants going to and from their nest to a food source, they all appear to be on a two lane highway and keep to the right as they pass an ant going in the opposite direction.

Do ants in the UK keep to the left?

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Sep 22, 2021 19:55:24   #
Bridges Loc: Memphis, Charleston SC, now Nazareth PA
 
KelloggKid wrote:
In the N America if you study a line of ants going to and from their nest to a food source, they all appear to be on a two lane highway and keep to the right as they pass an ant going in the opposite direction.

Do ants in the UK keep to the left?


Only when the Labour Party is in control.

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Sep 22, 2021 21:05:37   #
Thomas902 Loc: Washington DC
 
Mike a little historical perspective might help with your query.
The British Pound Sterling is no longer based on "Sterling"

The British pound has its origins in continental Europe under the Roman era. Its name derives from the Latin word "poundus" meaning "weight". The £ symbol comes from an ornate L in Libra. The pound was a unit of currency as early as 775AD in Anglo-Saxon England, equivalent to 1 pound weight of silver.

The British Pound is actually "Fiat Money" a.k.a. only based on the credibility of the country that issues it...

When did the British pound became fiat money? 1931
The huge economic imbalances that followed the war made this difficult for nations with depleted gold reserves, and as a result many economies faltered. Finally, in the 1930s, world trade was hit by the Great Depression. During this time, the UK abandoned the gold standard, and adopted a fiat currency in 1931.

I was a Bank Teller in the l970's for a Washington DC Bank (National Savings & Trust). I had a little old lady come in wanting to deposit "Gold Certificates" in her account. I tried to tell her that these (Gold on once side and Green on the other) where likely worth far more than their face value. Sadly she just wanted to deposit them. After the end of the day the Head Teller counted out my currency and locked it in the valt... the next morning the Gold Certificate had been replaced... Oh well...

As for what are farms worth? That my friend varies from jurisdiction to jurisdiction based on "Zoning" land use assignment. If it's in a 100 year flood plane is virtually worthless... Typically land without water, sewer, road frontage etc is of low value also... The cost to have a parcel rezoned is HUGE! So no, farmers are not likely to ever realize the ultimate worth of their land once developed at a high density.

Remember Manhattan Island was purchased from the Lenape Indians for spare change...

"A letter from Peter Schaghen, written in 1626, makes the earliest known reference to the company's purchase of Manhattan Island from the Lenape Indians for 60 guilders."

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Sep 22, 2021 22:32:53   #
Bridges Loc: Memphis, Charleston SC, now Nazareth PA
 
Thomas902 wrote:
Mike a little historical perspective might help with your query.
The British Pound Sterling is no longer based on "Sterling"

The British pound has its origins in continental Europe under the Roman era. Its name derives from the Latin word "poundus" meaning "weight". The £ symbol comes from an ornate L in Libra. The pound was a unit of currency as early as 775AD in Anglo-Saxon England, equivalent to 1 pound weight of silver.

The British Pound is actually "Fiat Money" a.k.a. only based on the credibility of the country that issues it...

When did the British pound became fiat money? 1931
The huge economic imbalances that followed the war made this difficult for nations with depleted gold reserves, and as a result many economies faltered. Finally, in the 1930s, world trade was hit by the Great Depression. During this time, the UK abandoned the gold standard, and adopted a fiat currency in 1931.

I was a Bank Teller in the l970's for a Washington DC Bank (National Savings & Trust). I had a little old lady come in wanting to deposit "Gold Certificates" in her account. I tried to tell her that these (Gold on once side and Green on the other) where likely worth far more than their face value. Sadly she just wanted to deposit them. After the end of the day the Head Teller counted out my currency and locked it in the valt... the next morning the Gold Certificate had been replaced... Oh well...

As for what are farms worth? That my friend varies from jurisdiction to jurisdiction based on "Zoning" land use assignment. If it's in a 100 year flood plane is virtually worthless... Typically land without water, sewer, road frontage etc is of low value also... The cost to have a parcel rezoned is HUGE! So no, farmers are not likely to ever realize the ultimate worth of their land once developed at a high density.

Remember Manhattan Island was purchased from the Lenape Indians for spare change...

"A letter from Peter Schaghen, written in 1626, makes the earliest known reference to the company's purchase of Manhattan Island from the Lenape Indians for 60 guilders."
Mike a little historical perspective might help wi... (show quote)


Thanks for the history update. I love history and in a parallel existence, I feel quite sure I am a history teacher or professor! My point on farms though is in consideration of those that are well suited for development. Several farms within a couple of miles of my house have in the last thirty years been turned into housing developments each containing over a hundred homes. The population density was increasing at such a rate the county adopted a rule that a new home now must be on a minimum acre of land. I'm glad my lot is only 1/3 acre. I'm not a garden/yard person and the thought of having to mow and maintain an acre or more is not what I would like about home ownership! Even the farmers that sold the land for so many homes likely never considered themselves as millionaires.

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