Monday, November 7, 2011

Income Envy Versus Wealth Envy

Why the focus on the top 1% of income earners (which obviously changes quite a bit year to year) rather than than top 1% of wealth ( all financial and non-financial assets, including bank accounts, investments, houses, cars and debt)? Is it possibly because this measure has remained remarkably stable over time? Harder to get worked up over that "growing injustice" I suppose.

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