Wow - who decides how low other peoples living standards should be lowered to?
Well, people themselves should. In a controlled way - to conserve resources.
Otherwise, shortage of resources, war, famine, diseases, etc will do it for them.
And their growing debt and deficit shows that americans are living way over their means.
And for everyone in the world to live as good as average 99% american - that's simply impossible - Earth does not have that much resources.