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The "1%“ rhetoric is also quite misleading, since the passive income is concentrated much more tightly than that. If he had said "the average person in the top
by dmurray 10y ago
The "1%“ rhetoric is also quite misleading, since the passive income is concentrated much more tightly than that.
If he had said "the average person in the top 10% receives a UBI equal to 75% of the average income in the country" or "the average American receives a UBI equal to 10% of the median income in the country" it would be equally true, yet make quite a different impression.