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The article starts out saying that this group (the top .01%) has income that is flying away from everyone else. As with most of these articles decrying the inc
by cpwright 13y ago
The article starts out saying that this group (the top .01%) has income that is flying away from everyone else. As with most of these articles decrying the income distribution, there is the implication that there is something nefarious about this. At the end of the article, however, we learn that there is a lot of churn in the .01% from year to year, which indicates that some people are making a lot of money, but they aren't always the same people. I doubt that most years they are hurting terribly, but it is still a very different picture than the same people earning that much money year after year.
- adamc 13y agoI'd like to know what percentage of the top 1% ever gets into the top 0.01%.
- vannevar 13y agoI doubt that most years they are hurting terribly... They wouldn't have to 'hurt' at all, in fact they could experience personal records for income every year, year after year, and still drop out of the top 400 (or top .01%), since it's a sliding scale.