This take seems to confuse the top 1% of income globally—more than seventy million people—with the top 1% in the richest countries. If you’re above the US median, you’re probably in the global 1%.
If the “everybody else” we must live like is something like the global income average, that’s way below poverty in the US. What we think of as an ordinary dignified working class lifestyle (in the developed West) would be ruled out by this particular limit. https://todon.eu/@ramonita/111442142613775266