Are You A Member Of The 1% Without Knowing It?

Is possible that you’re a 1%er and don’t even realize it? If you’re reading this blog, particularly from the U.S., there’s a decent chance you are. (pic via Wiki)

This raises a great question. If you’re in the U.S. and make say $45,000 per year (or pass the criteria below), why shouldn’t 99%ers from elsewhere on the globe spend months protesting on your front lawn, harassing you, and occasionally vandalizing your property? In other words, why should we limit our discussion of the statistical breakdowns of income and/or wealth to the U.S. political borders?

Half the world’s richest 1% live in the United States – Jan. 4, 2012: NEW YORK (CNNMoney) — 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.

Related links:
The Daily Show Does Occupy Wall Street
Property Theft and OWS’s Own One-Percenters …
Occupy Wall Street & Capitalism: A Professor’s Response
Occupy Wall Street And The Myth Of The 99% – Forbes
Makers vs. Takers at Occupy Wall Street – LearnLiberty