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Right. The 1% is terminology useful for reference and for rallies, but the real wealth is concentrated in the top 0.05%. "The 0.05%" is harder for the peoples'
by xnull2guest 12y ago
Right. The 1% is terminology useful for reference and for rallies, but the real wealth is concentrated in the top 0.05%. "The 0.05%" is harder for the peoples' mic to say.
- jnbiche 12y agoNo, $10M is pretty close to the top 1% of net worths (~7-8M).
- xnull2guest 12y agoThe claim here is that $10M is the wrong number to look at for inherited wealth and for a systemically enshrined class. That happens somewhere between 0.1% and 0.01%. 1% makes a great campaign slogan, but is similarly picked from the air. If one wanted to find 'the number' related to the Bourgeoisie - it would be near 0.05%.