The "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"

The "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.