Beyond the One Percent: Hello 0.01 Percent, Wild!

There is a deeply disturbing story on The Atlantic, told in one single graph:


Yes, the famous One Percent is that bottom line, half asleep, not moving up. The zero.zero One Percent is the one to watch, shooting to the stars. Who are these guys? Mostly CEOs and bankers. Where does their money come from? Stocks. For more: read Derek Thompson's awsome (actually  terrifying) article here.

What does this mean? That income inequality has (1) never been so large and (2) is here to stay. For the first time in American History, the One Percent is joining the ranks of the poor, wow!

Welcome to the 21st Century!
Enhanced by Zemanta
Post a Comment

Popular posts from this blog

Rome has Become a Mess!

How One of the Internet's Founders Sees the Future

AUTHOREA: A STARTUP FOR SCIENTISTS TO SHARE AND ADVANCE RESEARCH