We are the 1%: You need $34k income to be in the global elite… and half the world’s richest live in the U.S. | Daily Mail Online

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.

The 1%: Half of the world's wealthiest people live in the U.S.

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.

HT: http://www.dailymail.co.uk/news/article-2082385/We-1–You-need-34k-income-global-elite–half-worlds-richest-live-U-S.html

This entry was posted in applied welfare economics and tagged , , by Jim Rose. Bookmark the permalink.

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.