Huffington Post: Charles Koch Foundation: An Income Of $34,000 Puts You In The Wealthiest 1 Percent

-By David Winograd

July 11, 2013- If you earn $34,000, that puts you in the wealthiest 1 percent of the world, according to the Charles Koch Foundation.

That's one of many assertions made in a new ad that attempts to undermine government policies that protect low- and middle-income Americans. You can watch the ad, which is produced by Koch's conservative non-profit group, here:

Of course, earning $34,000 in the U.S. won't get you very far in most parts of the country. The Economic Policy Institute estimates that a family of three needs an income of at least $44,617 a year to cover basic living expenses in the cheapest parts of the country. In Wichita, Kansas, where the commercial is currently being aired, according to Think Progress, a family of three would need to make $53,721 to get by. That's far more than $30,000 a year that two parents earning minimum wage would make.

FULL STORY HERE:


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