Jerk Alert! Wealthy CEO Tells 99 Percenters: Stop Whining, You’d Be Rich In India!
Stay up to date with the latest headlines via email.
A wealthy fashion mogul has a blunt message for America’s poor – stop complaining and understand how lucky you are, CNBC reported.
Bud Konheim, the CEO and co-founder of fashion label Nicole Miller argued on CNBC’s “Squawk Box” that Americans not in the top one percent would be considered rich in the rest of the world:
"We've got a country that the poverty level is wealth in 99 percent of the rest of the world so we're talking about woe is me, woe is us, woe is this,” he said. “Here it is, money is all over the place, and the guy who’s making – $35,000 a year – why don’t you try that out in India or some countries we can’t even name, or China – any place – the guy is wealthy.”
Statistically speaking, Konheim may be correct, if you are to believe a World Bank economist who says the top one percenters in the United States make at least $500,000 annually, whereas globally an income of $34,000 would put a person in the running.
Even still, Konheim’s comments are so far out of touch with the realities faced by everyday Americans who are become increasingly fed up with being told how to feel about financial hardships particularly by those who have no concept of what it means to live below the poverty line.
Check out Konheim’s rant.