Joe Biden just said the standard deduction should be $30,000 per year per person. OK, that’s not what he said directly, but it is what he meant when he said, “If you work for less than $15 an hour and work 40 hours a week, you’re living in poverty.”

Well, compared to someone who has lived on a public salary for most of his life since 1973, or the father of a Ukrainian gas magnate, perhaps that is poor. To the rest of the world, that’s in the top 5% of all global incomes.