The top one per cent comprises anyone with an income over $34,000 after tax, meaning a family of four must earn $136,000 to make it in the category, according to CNN.
One quarter of the group’s members live in Europe, with 4million in Germany and 3million in each of the UK, France and Italy. Other countries with large numbers of ‘the 1%’ include Canada, Japan and Brazil.
I didn’t know that we were in the top 1%. They are yet to update the mailing list of the ruling class to include us in any of the Wellington-based meetings to decide the direction of capitalism and the next steps in the immiseration of the proletariat.