We are the 99.9%!

From Will Brown

Nomad Sun

This article in the Atlantic on how your average 1%er has seen her income flatline in recent decades when compared to the wealthiest .1% and .01% ends on a jarringly bathetic note.

The last paragraph seems reasonable enough up through O’Brien’s accurate observation that “it’s no mystery how to reverse [the astronomical upsurge in the richest sub-percentiles’ share of wealth].” But then it goes totally off the rails with what can only be an editorial oversight: “It’s a matter of setting better rules for markets and taxing earners at the top a bit more,” which is easily the most elaborate misspelling of “FULL COMMUNISM” I’ve ever seen.

This info is useful, though:

Who even are these people—the 1 percent of the 1 percent?

As Tim Noah explained, they’re mostly executives and bankers. A 2010 study of the top 0.1 percent found that 61 percent of this group is either a…

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