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> If the top 1% is an household income of $475,116 I recommend reading this article https://whorulesamerica.ucsc.edu/power/wealth.html https://whorulesamerica.
by TheDong 7y ago
> If the top 1% is an household income of $475,116
I recommend reading this article https://whorulesamerica.ucsc.edu/power/wealth.html https://whorulesamerica.ucsc.edu/power/wealth.html
The top 1% does not make such a small amount. The top 1% has a net worth of $18 million after accounting for loans and other debts, and an income north of 1.7million... And that's in 2013. It's even worse now.
We should be talking about net worth, not about income, or else people who pay themselves a salary of $1 but are billionaires are classed as "lower class", which is obviously nonsense.
- pintxo 7y agoMost people would consider a salary of 1$ Not as “working for money” but as “living of other means”.