The rhetoric around 1 percent really means 0.01%, but people don't talk about numbers smaller than 1percent. Problem is there people take it too literally and

The rhetoric around 1 percent really means 0.01%, but people don't talk about numbers smaller than 1percent. Problem is there people take it too literally and then confusingly apply the rhetoric to the actual 1%, with the support of the 0.01% that hide in the shadows. This is most apparent in the US where "tax the rich" was implemented as a tax on people earning $250K+/yr, not $10M+/yr