4 ms·

the top 1% is people we all know. the interesting groups are the top .1% and .01%. there isn't that much fluctuation at that layer.

• s1artibartfast 2y ago
  You said we don't know but claim to know. Which is it?
  • Rinzler89 2y ago
    It's complicated. Not all wealth is public. Only the wealth of the individuals who's wealth is tied to publicly traded companies: Musk, Bezos, Zuck, etc. But we also have all those royal families from Europe and the Middle East, dictators like Putin, etc. whos' wealth are secret and very well hidden through crown estates, trusts, shell companies, all through Caribbean off-shores and often under different names. The best you have for those people is guestimations and some leaks from the Panam Papers to get an idea.
  • froh 2y ago
    what I meant was the top 1% is one in a hundred, and you personally know some people that are at that income and wealth percentile, don't you? however for the 1 in 10_000 you may or may not know people in that tier and for the 1 in 100_000 let alone 1 in 1_000_000 you are close to that tier or part of it to personally know them (in such a way that they know you).