Half of World’s Richest 1% Live in America

Posted by Jim Hoft on Thursday, January 5, 2012, 12:04 PM

Despite the constant leftist propaganda by the media and the #occupy criminals, Americans make up half of the richest 1% in the world.
CNN Money reported:

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…

… In the grand scheme of things, even the poorest 5% of Americans are better off financially than two thirds of the entire world.

Of course, it should be noted that Barack Obama wants to fundamentally transform America into something else entirely different. He’s proving it day in and day out with his failed policies.