1%

Ken AshfordClass Warfare, Economy & Jobs & Deficit, Occupy Wall StreetLeave a Comment

I saw a headline in which Michael Moore admits he is in the 1% (the top 1% of income-earners in this country).  Of course, he's within the 1% in monetary terms only.  He's with us 99 percenters in every other respect.

"Wait", I thought.  "Just how do you know what percent you are?"

Ah, thank you Wall Street Journal.

I'm an 81%er.  Trust me, you wouldn't know it to look at me or my lifestyle.  But I guess that's the point — the gap between the top 1% and those below (including me at the 81% level) is huuuuuuge.

FYI: An annual salary above $506,000 puts you in the top 1%, while you need to make less than $2,500 a year to be in the bottom 1%.