From an international perspective, the inhabitants of the Land of Plenty aren’t merely rich, but filthy rich. A person living at the poverty line in the U.S. belongs to the richest 14% of the world population; someone earning a median wage belongs to the richest 4%.27 At the very top, the comparisons get even more skewed. In 2009, as the credit crunch was gathering momentum, the employee bonuses paid out by investment bank Goldman Sachs were equal to the combined earnings of the world’s 224 million poorest people.28 And just eight people – the richest people on Earth – own the same as the
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