Remember the story in yesterday’s New York Times that described the increase in income inequality in New York City? That’s the one that said that the gap between the richest quintile and the poorest quintile has not only grown but is one of the largest in the world, putting us in the same league as countries like Namibia.

Well, there is good news from Mayor Bloomberg’s own publishing house. Poverty is really not so bad in the U.S. because the Census Bureau didn’t count all the benefits and transfers that the poor get. So when you read that someone is subsisting on $8,844 a year, don’t forget that they get food stamps! And an earned income tax credit. And so many other freebies. Don’t you feel better already?

Just by coincidence, Forbes published its annual listing of the richest people in the world. It is here: http://www.forbes.com/billionaires/#p_1_s_a0_All%20industries_All%20countries_All%20states_

Mayor Bloomberg is not all that rich. He is #20 on the list with $22 billion.

Everything is relative.