We Are the 99.9% – NYTimes.com

We Are the 99.9% – NYTimes.com.

Op-Ed Columnist

We Are the 99.9%

“We are the 99 percent” is a great slogan. It correctly defines the issue as being the middle class versus the elite (as opposed to the middle class versus the poor). And it also gets past the common but wrong establishment notion that rising inequality is mainly about the well educated doing better than the less educated; the big winners in this new Gilded Age have been a handful of very wealthy people, not college graduates in general.

If anything, however, the 99 percent slogan aims too low. A large fraction of the top 1 percent’s gains have actually gone to an even smaller group, the top 0.1 percent — the richest one-thousandth of the population

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Read the full story here: The New York Times

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Filed under economy, society, taxation, USA

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