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The people who continue to use the inexact figure is who. Why was 1% chosen and not 10% or 0.01% for that matter? And "railing against" != confusion. If enough
by webXL 11y ago
The people who continue to use the inexact figure is who. Why was 1% chosen and not 10% or 0.01% for that matter? And "railing against" != confusion. If enough people believe something, certain people in that group can do some pretty messed up shit without exactly "railing" first.
Confusion might not be the best word, but we should avoid perpetuating the notion that the entire 1% is to blame for average people not getting ahead.
- devishard 11y ago> Why was 1% chosen and not 10% or 0.01% for that matter? Because it's a simple number to write. Lay-people using this term have no idea that the 1% includes doctors and lawyers, they just assume it's ultra-rich bankers, executives, and hedge fund managers. Yes, that means that if you're incapable of understanding context it might sound like they're talking down on doctors and lawyers. But I assure you they're not. > And "railing against" != confusion. If enough people believe something, certain people in that group can do some pretty messed up shit without exactly "railing" first. What are you even saying?