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> Exhibit A: Wall Street investment banks. Then you're thinking of the top 0.01%. The people right at the 99th percentile are still considered peons by Wall S
by ef4 14y ago
> Exhibit A: Wall Street investment banks.
Then you're thinking of the top 0.01%.
The people right at the 99th percentile are still considered peons by Wall Street investment banking standards. And the kind of money that puts you at 1% (about $500k annually for a household) isn't enough to get you special access to powerful politicians. That costs a lot more.
I agree with you that we have a corrupt elite. But I prefer we use realistic statistics in defining them. The people right at the 99th percentile are not the problem.
- michaelochurch 14y agoPeople use "1 percent" as a euphemism for the global elite because (a) it's fewer symbols, and (b) it's not natural for us to think of such low proportions (e.g. 0.005%). You are absolutely right, by the way. The enemies are the Davos Men, not the people who worked their asses off to get a few million.
- api 14y agoSomeone with ten million in the bank is a peasant in a nice suit to the people you're talking about.