Many of my well-to-do friends in Washington, D.C. have been sympathetic to the Occupy movement and the “We Are the 99 Percent” campaign. Indeed, everyone should be outraged when politically connected banks and businesses rob the U.S. taxpayer. But everyone should also recognize that most wealthy people in the United States have made their money by producing goods and services that make us all better off.
But, just to put things in a proper perspective, let us remember that many of those people who belong to the 99 percent in America are also very rich by global standards. Here is a very cool new feature from the BBC’s website that allows you to compare your income with that in the rest of the world. So if you are on an average individual income in Washington, D.C. ($42,078 per year or $3,507 per month before taxes), your income is 237% of the global average (adjusted for PPP, of course!).