Meet the .1 Percent

style="overflow: hidden; color: #000000; background-color: #ffffff; text-align: left; text-decoration: none; border: medium none;">It is one of the oldest questions in political economy: why should another person’s mega-wealth worry you, if you are comfortably off yourself? The “Occupy Wall Streeters” think that the wealth of the 1 per cent has painful and damaging effects on the 99 per cent, beyond mere jealousy or the suffering of the poor or unemployed. Chrystia Freeland’s argument in Plutocrats is that they were right but were looking at the wrong percentages: it is the 0.1 per cent that truly matter, she says, and their wealth damages the other 99.9 per cent.
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