The other 1%
It's been a truism forever that the rich get richer and the poor get poorer and while I don't think that's technically correct the worth of rich people certainly increases at a faster rate than that of everybody else.
I found this graph on The Economist site recently.
Note how the income of the bottom 99% of people has increased only slightly since 1979, even if you are in the 98th percentile your income hasn't increased much more (percentage wise) than the poorest person.
But look at the top 1%, their income has increased at an alarming rate.
Now why would that be? Have they really hunkered down and worked a lot harder than they used to while the rest of us just slacked around?
Somehow I doubt it. More likely they found better ways to screw both the system and the other 99% of the population.
It seems to me that such discrepancies have been seen before and that in most cases there has been an "adjustment" and during that adjustment it's not been healthy to be one of the fat cats.
Will that happen again? I have no idea, but let's just say that I'd be working on getting a few calluses on your hands so you can pass as a worker if the time comes.
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