Richest 1 Percent
From dKosopedia
Contents |
Myth: I'm one of the richest 1%
Fact: To even be one of the richest 5%, you would have to have made more than $264,387 last year. Did you? (Source: Economic policy Institute analysis of Census Bureau data.)
Well, I'll be one of the richest 1% soon!
Fact: Even the conservative _The Economist_ notes:
"A growing body of evidence suggests that the meritocratic ideal is in trouble in America. Income inequality is growing to levels not seen since the Gilded Age, around the 1880s. But social mobility is not increasing at anything like the same pace: would-be Horatio Algers are finding it no easier to climb from rags to riches, while the children of the privileged have a greater chance of staying at the top of the social heap. The United States risks calcifying into a European-style class-based society."
-The Economist, Meritocracy in America: Ever higher society, ever harder to ascend, December 29, 2004
What, Aristocrats? That's far-fetched!
Fact: "The British crown that year named (Conrad) Black, whose massive newspaper empire included the Chicago Sun-Times and London's Daily Telegraph, as a lord of the realm." (Full article)
External Links
How to visualize wealth inequality: compare to the dragon hoard from The Hobbit
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