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Gunnar_Zarncke comments on The decline of violence as a lens for understanding effective altruism - Less Wrong Discussion
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This depends very much on you (relative) living standards esp. compared to the surrounding society. I'd guess that with that amount you could live quite comfortably in a south american capital.
My personal experience confirms that assertion.
The GWP is the summation of the GDP for each country. The GDP is then converted to USD for comparison sakes. GDP also is not average income, so it's not entirely accurate to assume that GWP per capita is the same as having $12,000 USD. The number is all about comparison and estimation.
I realize that this is a very crude number but I still think it is useful for recognizing that we do not yet produce enough to appease all basic needs equally.
Do you disagree with that statement? Are you suggesting that we do currently produce enough and all we need to do is redistribute?
We do currently produce enough for everyone's basic needs, yes. But "all we need to do is redistribute" isn't it: when the state steps in and massively redistributes you screw up incentives and decrease production. We haven't yet figured out how to meet everyone's basic needs without disrupting the system that gives us the economic productivity that would make this possible.
I very much agree with this statement.