The news media seem to have discovered something that economic wonks and number crunchers have understood for quite a while: How much richer the super-rich are than everyone else, including the merely rich. Mathematically speaking, the difference between poor and rich is much smaller than the chasm separating the well-off from the stupendously wealthy.
We aren’t discussing income inequality, Obamacare or stagnant wages. I am aware that the poor in this country have no discretionary income, and that there are many disadvantages to being lower income in the U.S.: bad health care, poor nutrition, lower educational opportunities, limited economic mobility, even a shorter lifespan.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
3 Responses to “There’s Rich, There’s Really Rich, Then There’s the 0.01%”
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