Who are the 1% and What Do They Do for a Living?

[PETRUS]

There’s good reason to focus on the top 1%: they’re distorting our economy.





http://www.newdeal20.org/2011/10/14/who-are-the-1-and-what-do-they-do-for-a-living-61759/

More at the link.

[PETRUS]

1. kick nt

[progressoid]

2. "excluding capital gains"

That cuts out a big chunk of the top 1% IMHO. Most of Warren Buffett's income comes from capital gains.

[PETRUS]

3. Very true

The picture would be even more distorted in that case. (The top 1% owns about 40% of stocks.) Note that the second chart - of the top tenth of a percent - does include capital gains.

[blindpig]

4. Bad, but accumulated wealth is worse.

k&r

[PETRUS]

5. And inherently anti-democratic. nt