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Re: Five Years Of Recovery Haven’t Boosted The Median Household Income

Posted by Nilet on Tue Sep 16 19:08:24 2014, in response to Re: Five Years Of Recovery Haven’t Boosted The Median Household Income, posted by SelkirkTMO on Tue Sep 16 16:48:41 2014.

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Yes, but you're assuming the 1% care specifically about their own net worth in terms of numbers.

It seems increasingly the case that the 1% care about their relative net worth in terms of practicality— having $10 billion is not meaningfully different from having $5 billion, but being a billionaire as opposed to an impoverished serf is distinctly better than being a billionaire as opposed to a comfortably middle class employee.

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