We noted from the beginning that the OWS folk –those put-upon 99 percenters — would find their way of life severely diminished if they had to share with the rest of the world the way they’re demanding the 1% share with them.
The United States holds a disproportionate amount of the world’s rich people.
It only takes $34,000 a year, after taxes, to be among the richest 1% in the world. That’s for each person living under the same roof, including children. (So a family of four, for example, needs to make $136,000.)
So where do these lucky rich people live? As of 2005 — the most recent data available — about half of them, or 29 million lived in the United States, according to calculations by World Bank economist Branko Milanovic in his book The Haves and the Have-Nots.
Another four million live in Germany. The rest are mainly scattered throughout Europe, Latin America and a few Asian countries. Statistically speaking, none live in Africa, China or India despite those being some of the most populous areas of the world.
The numbers put into perspective the idea of a rapidly growing global middle class.
CNN does have better graphics: