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by william42 5261 days ago
Honestly, this is the thing that annoys me the most about the Occupy Wall Street slogan of "the 99% vs the 1%"; income is a power distribution and there really isn't a threshold you can step over and become rich.

Not that it really matters, since what catches fire politically is only modestly correlated with what is actually true.

1 comments

Your point of view is kind of understandable in isolation... except, the slogan is a based on the economic fact that the vast majority of the wealth and income of the US is held by a mere 1% of its population.

The implications of that are many but the first and direct is that the US is a plutocracy. That is, the movement is not about (not) "becoming rich" or achieving the 1% (which as you imply would ultimately be a contradiction) ... It is about the nature and sustainability of such a society.

> ... the US is a plutocracy.

Half of the electorate pays no federal income tax in the U.S.