Sunday, April 06, 2014

Economy

It's nice to see somebody talking about the gap between the rich 1 percent and the super-rich 0.01 percent. This is the difference between effective wealth creators and plutocrats.
"From an economic perspective, the most dramatic wealth gap is between middling millionaires, who have seen only modest gains, and the booming billionaires, who now seem to defy economic gravity. It's between the guy making $300,000, who still feels poor, and the man who made $37 million a day for a year. Both are lumped together by politicians, the media and even economists as "the rich" or "the 1 percent," who are gaining at the expense of everyone else. "
They are two separate groups.

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