Do the math, you will find that most of the USA is in the top %1 of income world wide. Panada did not specify in america, and no to be in the top %1 in America, you need an income of $428,000, not even 1 million a year. Put your Bernie Sanders math away and try real numbers. "Worldwide, there are 34 million people who have a U.S. dollar net worth of at least $1 million, or 0.7% of the global adult population, and they account for 45% of global wealth. If you extend the bracket to include those with less than $1 million, but still within the top 1%, then total wealth crosses the magic 50% line. Within the top 1% is there is a much more elite club: the 0.36 percenters. These are adults with a net worth of more than $50 million, and there’s just 123,800 of them in the world. At the base of the global wealth pyramid are those with a net worth of less than $10,000, who account for a massive 71% of the world’s adult population." http://fortune.com/2015/10/14/1-percent-global-wealth-credit-suisse/