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I think this is a good perspective. I also think talking about the top 1% is unhelpful and obscures the picture in a different way. Most of the top 1% are remar
by grasshopperpurp 9y ago
I think this is a good perspective. I also think talking about the top 1% is unhelpful and obscures the picture in a different way. Most of the top 1% are remarkably rich compared to the average American, but they are not so rich that they're completely removed from society or so rich that they have the power to buy politicians/laws to benefit themselves to the detriment of society in general. It's not helpful or fair to group engineers, doctors, and lawyers, etc. with robber barons.
The framing of 99% vs 1% was a poor decision, and they likely picked those figures because they meme well. As you say, though, if everyone was truly taken care of, this would be a moot point.
- fjsolwmv 9y agoThe "1%" meme has generated a mass of nonsense simply because English has a common word/symbol for 1/100 but not 1/1000. It's the "1 permil" or "1 per decamil" that is the problem of wealth inequality. And also the public and journalists inability ton distinguish annual income from accumulated wealth.
- chiefalchemist 9y ago"The framing of 99% vs 1% was a poor decision..." Yup. This is an understatement. It's the wrong problem. And even if we get a solution, what good is it? As it's not the right problem.