Despite making up 4.2% of the global population, 58% of USians made up the global top 10% of wealth owners.
https://web.archive.org/web/20171005043016/https://www.wider.unu.edu/publication/global-distribution-household-wealth
https://web.archive.org/web/20171005043016/https://www.wider.unu.edu/publication/global-distribution-household-wealth
If the real wages (accounts for monetary deflation) of the Middle East, Western Europe, Rich Asia Pacific (Singapore, HK, Taiwan, Japan) and Western Offshoots (US, Canada, Australia, NZ) were to go down to being worth 10 times whatever it takes in the local currency to achieve a standard of living as that of the EU mean, then the wage ratios of everyone else would go up to being worth at least 10 times as much as the cost of basic needs too.
Just this by itself will make the 47-57% of humanity who don't even have wages worth 1 times whatever it takes to meet their basic needs live with at least 10 times as much.
https://www.oecd.org/wise/how-was-life-9789264214262-en.htm
Just this by itself will make the 47-57% of humanity who don't even have wages worth 1 times whatever it takes to meet their basic needs live with at least 10 times as much.
https://www.oecd.org/wise/how-was-life-9789264214262-en.htm
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T]he English proletariat is actually becoming more and more bourgeois, so that the ultimate aim of this most bourgeois of all nations would appear to be the possession, alongside the bourgeoisie, of a bourgeois aristocracy and a bourgeois proletariat. In the case of a nation which exploits the entire world this is, of course, justified to some extent.
https://marxists.architexturez.net/archive/marx/works/1858/letters/58_10_07.htm
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