• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

The great wealth transfer
0

56 posts in this topic

12 minutes ago, suspense39 said:

Bad news for high value comic art, particularly anything less than 1960’s era “classics”, or most of the stuff from the 1970’s-early 1990’s. Not so sure about the surviving pre-1960’s art, unless special, like the cover of ‘tec 27.

Link to comment
Share on other sites

Whenever big picture hobby comes up around here, like higher and higher prices, I always get stuck on this: with net assets of $5 million or more — the richest 0.1 percent of global society.

$5 million. Net. (and that's assets, not necessarily liquid though!)

That's not very many people. Is this handful of people that actually give a ho-hum about comic art going to cash me out too?

Data* at HA says "yes". My gut says "no".

 

*Of course, past performance is not indicative of future results..now where do we most often see that disclosure?

Link to comment
Share on other sites

44 minutes ago, vodou said:

Whenever big picture hobby comes up around here, like higher and higher prices, I always get stuck on this: with net assets of $5 million or more — the richest 0.1 percent of global society.

$5 million. Net. (and that's assets, not necessarily liquid though!)

That's not very many people.

I was curious about how many people that would be. Here's an answer:
 

Quote

The answer in the United States is about 1.5 million households (they use “individuals” and “households” interchangeably, which isn't perfectly accurate, but it's pretty commonplace). For the entire world, Global Rich List says there are about 3 million people with more than $5M in net assets.

The Global Rich list site is fascinating; it seems to be supported by Care International.

Link to comment
Share on other sites

22 minutes ago, alxjhnsn said:

there are about 3 million people with more than $5M in net assets

How many give a fig about comic art, 1% even? (doubtful!)

That would be 3,000. Huge number. Guess I'm good to go lol

Then again...does Global Rich know how to count?

Maybe not.

Because if they're not counting comic book art as an asset class with deep data to support, they're gonna need a bigger boat :)

Link to comment
Share on other sites

35 minutes ago, vodou said:

How many give a fig about comic art, 1% even? (doubtful!)

That would be 3,000. Huge number. Guess I'm good to go lol

Then again...does Global Rich know how to count?

Maybe not.

Because if they're not counting comic book art as an asset class with deep data to support, they're gonna need a bigger boat :)

I believe that the CAF has about 40,000 accounts; there are 606 Premium members. So, there are a fair number people interested in comic art, I guess, but how many have more than $5M in net assets? Really hard to say.

Interesting topic especially if a wealth tax is imposed in the US. 

Link to comment
Share on other sites

3 hours ago, alxjhnsn said:

I believe that the CAF has about 40,000 accounts; there are 606 Premium members. So, there are a fair number people interested in comic art, I guess, but how many have more than $5M in net assets? Really hard to say.

Interesting topic especially if a wealth tax is imposed in the US. 

wow! I had no idea so few members were premium. I support the site because I want it to survive. Hopefully the advertising does the rest.

Link to comment
Share on other sites

4 minutes ago, Panelfan1 said:

wow! I had no idea so few members were premium. I support the site because I want it to survive. Hopefully the advertising does the rest.

I thought it was higher, too, but I copied and pasted the list into a file, eliminated the extra stuff, and counted the lines.

 

Link to comment
Share on other sites

6 hours ago, vodou said:

Gonna need a new law out of Congress for that.

Every four years we get whipsaw on/off socialism but I don't think we'll ever see that far Left prevail to the point of that law passing and implementing w/o lots of private guns being put to use.

As in: in a very bad way.

Think private farmers/ranchers with huge land value that wealth tax would force selling a portion every year fractionally, until there's just nothing. I'm sure nobody will mind that.

Thought that CGC disapproved of "politics" on this board.   

The merits of a 2 percent wealth tax may be debatable, but the definition of socialism it is most definitely not. 

And suggesting that "private guns" will be put to use by people who will presumably be outraged if billionaires have to give up two percent of the wealth they have which is above and beyond more than most gun-toters will ever see in many lifetimes, well that sounds a lot like (extreme) politicking to me.  

Edited by bluechip
Link to comment
Share on other sites

11 hours ago, alxjhnsn said:

I believe that the CAF has about 40,000 accounts; there are 606 Premium members. So, there are a fair number people interested in comic art, I guess, but how many have more than $5M in net assets? Really hard to say.

Interesting topic especially if a wealth tax is imposed in the US. 

But how many of those accounts are active? Or, active like this board? Ten times the premium member number perhaps? And don’t forget the collectors who buy lots of commissions. How many consider it a “good haul” because they pick up half a dozen commissions for $50 to $100 a pop? Lots of them on Facebook apparently.

Link to comment
Share on other sites

How many of those accounts are tracings of porn with Wonder Woman garb badly drawn on (or on the floor)?

Or 8th grade level drawings of Wolverine, adding new meaning to the term “mutant?”

Besides which, I know folks that have huge pricey collections that DON’T pony up for premium membership. And the vast majority of the collectors who do pay the premium that I know personally fall far short of that 5M in assets mark.

All anecdotal, but I think the number of folks that are really into OA, and I mean REALLY into it is a lot smaller than folks think. I’m not talking the occasional buyers. Thats probably a huge pool. I’m talking about the folks that really have their hearts in it. Willing to go to the mat for the work. 

Then there is the great market divides. Americas, European, and Asian. Some cross pollination of interests, but in the Americas market, the “arty” single author creative is an outlier niche with a tiny fan base relative to the big machines of men  in tights ever pummeling each other, dying, being re-cloned or rebooted by next creative team ad nauseum. 

Where as in the Asian and European markets, it’s all about those writer/author creators. The ones in the US are the names we talk about as having some bit of “in” with respect to the art museums. Burns, Clowes, Crumb, Tomine, Ware, etc and so on. And their work is generally had “cheap” compared to those corporate owned titles/characters in the American art market.

 

Link to comment
Share on other sites

8 hours ago, bluechip said:

Thought that CGC disapproved of "politics" on this board.   

The merits of a 2 percent wealth tax may be debatable, but the definition of socialism it is most definitely not. 

And suggesting that "private guns" will be put to use by people who will presumably be outraged if billionaires have to give up two percent of the wealth they have which is above and beyond more than most gun-toters will ever see in many lifetimes, well that sounds a lot like (extreme) politicking to me.  

You're only advancing the subject you disagree with here...

See - me here - not advancing it.

Link to comment
Share on other sites

Tax policy is not equal to politics anyways.   There’s some overlap but debating tax policy isn’t overly political in and of itself.  
 

A wealth tax is a horrible idea is all I willl say about that!   

Edited by Bronty
Link to comment
Share on other sites

1 hour ago, Bronty said:

Tax policy is not equal to politics anyways.   There’s some overlap but debating tax policy isn’t overly political in and of itself.  

If only a particular form of government and a particular segment of the political spectrum hadn't been singled out for critical mention, then perhaps not.

Edited by namisgr
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
0