Stop referring to “the one percent!” It is a trap. Indeed, it may be a polemical trick, foisted on us all by a conniving oligarchy that does not want to face the ire of a united citizenry.
Those chanting “we’re the ninety-nine percent” only thus empower Fox-pundits to respond that "most of the one-percenters are small business owners, or hard-working doctors and dentists who are demonized by the left for their well-earned success, stigmatized for providing valued goods and services."
And that’s completely true!
Look, you polemical liberals out there, do you really want three MILLION of America’s most productive, innovative and hard-working people to be driven into the arms of the real oligarchs, by tarring them with the same, simplistic brush? Guilt-by-association?
There’s a word for that. It is “stupid.”
In fact, according to this article in the Atlantic it is the top 0.01 percent—that’s the uppermost one percent of the top 1 percent—that’s leaving the rest of the top percentile behind, in the dust along with the rest of us. “While nine-tenths of the top percentile hasn’t seen much change at all since 1960, the 0.01 percent has essentially quadrupled its share of the country’s wealth in half a century.”
Alas, what this article leaves out is discussing the one-percent of THAT clade… or the 0.0001%ers. Those are the folks always to scrutinize. Even the father of modern market enterprise capitalism (Adam Smith) said so!
They aren’t all bad, just because they are rich! Indeed, the Silicon Valley billionaires and other entrepreneurs who developed goods and services by working closely with thousands of skilled and free-thinking engineers – these men and women know that it is a relatively flat, well-educated and open “diamond-shaped” society – dominated by a vibrant and empowered and knowing middle class – that creates the kind of opportunities that let them succeed in a positive-sum way. Getting rich while making us all richer. Guys and gals like that are sensitive to how it all would get ruined – will get ruined – if we follow the age-old human pattern. Into feudal-inherited-oligarchy.