Wealth relativity
It’s sad and somewhat horrifying to see US poverty hit it’s highest point in 50 years…you can watch the chickens of the Reactionary misleadership coming home to roost. On the other hand, to get a different perspective, Americans make up half of the world’s top 1% in income. More specifically:
”…people at the world’s true middle — as defined by median income — live on just $1,225 a year. (And, yes, Milanovic’s numbers are adjusted to account for different costs of living across the globe.)
In the grand scheme of things, even the poorest 5% of Americans are better off financially than two thirds of the entire world. “
Don’t assume that I’m pitching a trite “be grateful for what you have’ homily. Rather, consider how much farther we Americans have to fall. The Rich and their Reactionary tools won’t be satisfied until they’ve reduced our earnings down to the world median.
Tags: class warfare, poverty