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by sulam 3445 days ago
Erm, not to be all factual and shit, but politicians generally aren't in the 1% until after they're out of office. There are exceptions of course (the Clintons, because of the sheer length of service and variety of positions they've each held) but being a politician doesn't actually pay that well. There are perks, but you won't get into the 1% on perks.

The 1% is primarily made up of people who have enough money that most of their income is passive, in the form of investment income, dividends, etc. Also it's worth pointing out that there's a couple ways of calculating whether or not you're in the 1% -- you can do it based on annual salary or net worth. The people who are _really_ in the 1% are there based on net worth, and it takes almost $9M in assets to get there.

I'd break your list down into 4 categories:

The 1% who can fund a politician's campaign, primarily through super PACs and other funding mechanisms that don't come with limits on the size of a donation.

The people who may look and feel wealthy (they may have a fancy car, a job that pays well, but also a lot of expenses and haven't passed the point where their money has given them enough leverage to trade it for time -- instead they're still trading time for money). These people are the next 5% or so, with a minimum net worth of $2M. They are also likely to be the scapegoats for the true 1%.

Next up are _some_ politicians (the ones with real influence -- your local mayor may or may not count, depending on the size of the city you live in. Your governor may or may not count, depending on the state you live in. Your House representative may or may not count, depending on how long they've been in office, which party currently controls the House and what committees they're on. There's your Senators -- hey! they probably count!) These are the 1%ers of politians -- the rest of them don't make a ton of money _and_ don't have a ton of influence. These guys are hoping to get cushy boardships, lobbying jobs, speakers fees, etc -- stuff that they're well-trained for by being a career politician.

Then you have everyone else... Roughly 90% of Americans, just trying to keep their heads above water, hoping they have enough money to pay the mortgage, the rent, their kid's college education, the electric bill, or what-have-you. They are translating their time into money, but have almost no economic mobility -- meaning they have almost no chance to join 1%, and will only join the 5% at retirement at best.

1 comments

You missed the point. The 1% is not about wealth its about power over 99%. Even your random low level bureaucrat has more power than the 5% (wealth-wise).
The cop who pulls me over on the highway has more power over me than my mayor does, or even my governor. Looking at the policies Trump talks about that I can actually analyze ("Make America Great Again" doesn't count), none of them will affect me to the tune of more than $1K / year at best/worst.

I am, of course, ignoring the prospect of truly insane shit like starting a nuclear war with Russia. That would affect me pretty dramatically. :) But low level bureaucrats don't have the power to start a war, thankfully.

And thats for a country in Top 10 Ease of doing business [1]. In others politicians/bureaucrats are truly someone to be afraid of. Case in point: The Current Income Tax Raid Raj in India [2].

[1] https://en.wikipedia.org/wiki/Ease_of_doing_business_index

[2] https://qz.com/860230/here-a-raid-there-a-raid-everywhere-a-...

Fair. The context of your comments made me think it was safe to assume we are talking about the US.
> The cop who pulls me over on the highway has more power over me than my mayor does, or even my governor.

In an immediate and direct sense, perhaps. Of course that cop and many, many others are just one of many means by which the governor excercises power over you.

Wealth and power are readily and frictionlessly converted to and from each other. They are like mass and energy--ultimately measuring the same thing.