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Rich People Are the Big Barrier to Stabilizing the Climate
(newrepublic.com)
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this post was submitted on 07 Nov 2023
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It's worth noting that Americans also must spend that income in a similarly-inflated market, so it doesn't much matter what their salary would be worth in, say, Uganda. I think any such comparison of global wealth runs into these sorts of issues.
Someone earning in the global top 10% may not be able to afford a house locally. Someone earning in the top 30% may not be able to afford rent and food at the same time in their locale. It makes the percentile meaningless.
Yep, this is after all adjustments using the United Nations SNA 2008. It's not perfect, but it's the closest we have for accounting for those differences.