[whybroke]

I'm answering the contrived $35k income claim above. That claimant is likely not going to pay much attention to a 150 page document from any source let alone one that goes contrary to his opinion.

Thus one needs a proof short enough to get through that barrier of near instant disbelief.

A very rough sanity check shows: $263,242bil / 2 / ( 7*10^9 / 100 ) = $1,880,300 ie approx 2million

Obviously this is a highly simplified approximation, of necessity for that audience.

Equally obvious, it is vastly greater than $34k.

[hatu]

You're making the assumption that the bottom of the 1% and the top of the 1% have the same amount of wealth which is completely wrong. Nice superiority complex though. The $35k number is for the #70,000,000th wealthiest person.

According to your claim there would be 70 million millionaires in the world. Sanity check there?