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The working paper that the article is about does not mean what you say 1% means.


I'm having trouble parsing what you wrote, but I assume you mean that the paper specifically looked at top 1% as defined by earnings or net worth?

My point is that while we frequently use the 1% as a reference for discussions on inequality, the driving force of wealth accumulation isn't that some people make 350k+, and people understandably get caught up in those semantics.




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