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Top 1%? How disingenuous can you be, that's made up of the top 0.01% who own 30% of the top 1%'s wealth alone [1] [1] https://review.chicagobooth.edu/economics
by thinkloop 5y ago
Top 1%? How disingenuous can you be, that's made up of the top 0.01% who own 30% of the top 1%'s wealth alone [1]
[1] https://review.chicagobooth.edu/economics/2017/article/never-mind-1-percent-lets-talk-about-001-percent https://review.chicagobooth.edu/economics/2017/article/never...
- darth_avocado 5y agoI agree. I just didn't have the stats to back me up when I wrote that. You are talking about wealth and not stocks, but you make the same point that I'm trying to make, which is that, top x% can be very misleading and clickbaity if you ignore the extreme inequality at the very top and can push the narrative in a direction that's not helpful. Thank you for bringing that up. I'd not be surprised it like 100 people in the country own 20% of all the stocks.