[jopsen]

> It's already well known that the richest of the 1% did not get there purely through a high wage/salary.

This talks about the 1%, not the few super rich, which is less than 1 out of 100.

It's confusing because often when people say "the 1%" they actually mean multi-millionaires; which is less than 1%.

Most 1%'ers are elite professionals. And this articles argues they make more money because of regulation that creates barriers to competition.

The super rich multi-millionaires and billionaires is a different story.

[mcguire]

The threshold of the top 1% by wealth is $8.4 million in the US.

https://mobile.nytimes.com/blogs/economix/2012/01/17/measuri...