4 ms·
The 'feudal lords' are not the 1%. They would be the .1% or the .01%. I imagine the latter two remain a much more static environment. Also, the 1% in this arti
by marnett 9y ago
The 'feudal lords' are not the 1%. They would be the .1% or the .01%. I imagine the latter two remain a much more static environment.
Also, the 1% in this article is not even defined. After some digging it looks like it is Gross Adjusted Income. There are CEOs who wouldn't be considered in the 1% because they take salaries of $1 while making millions in stock options - it is such a ridiculous metric.
Inequality is about wealth as much as, if not more than, wage.
- nugget 9y agoStock compensation is rolled into AGI. But I agree with you that 1%ers are not feudal lords.