Image via Wikipedia
- Image via Wikipedia
I thought that this was an excellent article. I recommend that you check it out!
The article is very well researched and shows considerable insight into the changing nature of the top 1% in the US.
Most significant in the top 1% is the rise in representation by the financial community, especially investment bankers and hedge fund managers. For me, what was most alarming was that in the UK, the weighting of the financial community in the 1% was even greater.
I would expect that the 1% often support right of centre politicians who favour austerity, lower taxes and smaller government. This is potentially cataphrophic for the 99% who want more growth and not austerity.
Related articles
- Global inequality: tackling the elite 1% problem | Jonathan Glennie (guardian.co.uk)
- Daron Acemoglu on Inequality (3quarksdaily.com)
- How to Solve Inequality? A Really Bad Recession (blogs.wsj.com)
- OECD | Divided We Stand: Why Inequality Keeps Rising | 10 links (skillsinfo.wordpress.com)
- Punishing The 1% Isn’t Going To Fix Inequality (project-syndicate.org)
- Income Inequality (jonwaltonnews.wordpress.com)
- The Wealth Gap – Inequality in Numbers (bbc.co.uk)
- Income inequality growing faster in UK than any other rich country, says OECD (europeancourage.wordpress.com)
- Income inequality growing faster in UK than any other rich country, says OECD (guardian.co.uk)
- Income inequality in America: The 99 percent | The Economist (policyabcs.wordpress.com)
- Obama Administration Chief Economist: Talking About Income Inequality Is Not ‘An Issue About Envy At All’ (thinkprogress.org)
- Don’t be fooled by the income inequality red herring (4simpsons.wordpress.com)
- ‘Americans are pissed about the state of our income inequality’ – and we should be (leftygazette.wordpress.com)
- We need to talk about inequality (lifeandpolitics.wordpress.com)
- How Today’s Income Inequality Kills Tomorrow’s Economic Mobility (elmsprogressivemedia.wordpress.com)
- How Today’s Income Inequality Kills Tomorrow’s Economic Mobility (thinkprogress.org)
- How inequality damages economies (globalpublicsquare.blogs.cnn.com)
- Alan Krueger: Rising Income Inequality Causing ‘Unhealthy Division In Opportunities’ (huffingtonpost.com)
Dr Alf's Blog 
Nice Blog Dr. Alf… You’re living our dream of retirement, travel and fun! Keep it going..
Sorry for the above typo … please delete above comment
Nice Blog Dr. Alf… Your living our dream of retirement, travel and fun! Keep it going..
The top 1% have been scheduled to take over as America was built on a few powerful families who have a monopoly on the country. “Catastrophic events” have stretched the gap at its fastest rate yet. Americans are sound asleep, when they wake they allow for public manipulation. Top 1% will only get stronger, unfortunately.
The NYT has an interesting piece on that subject here: http://tinyurl.com/7uv9ylh
Hi Pit, many thx. Yes the NYT piece is interesting.