According to the article, Americans make up about 5% of the world's population, but about 50% of the world's "top 1%."
This means that a majority of Americans are 1% in the of all earners in the world, which is defined as those earning more than $34,000 a year.
The author states that this wealth is due to America's commitment to <u>FREE Enterprises</u>
Explanation:
1. According to the census for the year 2010 census America has a population of 308,745,538 .Thus ,the Americans make up only 5% of the worlds population
2. Even though the Americans make up only 5% of the worlds population they make up about 50% of the "world's top 1%" .It indicates that 50% of the highest earners in the world are American citizens .
3.Also the article mentions that the classification of Top 1% is done on the basis of those people whose earnings is more than $34,000 .
4. This is attributed to the fact that in United States' free enterprise are encouraged . Free enterprise is also know as a free market, and US IMPOSES few restrictions on them.
