269 comments on DrumBeat: August 24, 2008
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269 comments on DrumBeat: August 24, 2008
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your point is valid but the level of income needed in america to be a 'normal citizen' is way higher than in other poorer countries so the ratio is far lower than 67X
True, but "we" aren't mostly average humans (in terms of income or wealth). Anyone on this site that has even $200000 US (after liquidating all assets) could put it in a few Cayman banks-this would throw off at least $10000 a year in income-which would be more than enough to live in a lot of these poorer countries. Supposedly $48000 US per year puts one at the top 1% level in terms of annual income-my point is that we are living on an extremely poor planet and most of us are closer to the top of the pyramid than the bottom.