Income inequality: Who exactly are the 1%? | The Economist

Mind the income gap

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Income inequality and mortality in 282 metropo...
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I thought that this was an excellent article. I recommend that you check it out!

Income inequality: Who exactly are the 1%? | The Economist.

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.

   

5 responses

  1. 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.

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