Top 1% of wage earners, on the other hand... arent actually that rich but are taxed a lot. In London that gets you a fairly modest flat. The stratospherically

Top 1% of wage earners, on the other hand... arent actually that rich but are taxed a lot. In London that gets you a fairly modest flat. The stratospherically wealthy dont have salaries they own yield bearing assets and have a much lower tax burden. This is where the real fat is. Nonetheless to the average person it's easy to confuse the two groups.