You May Be In the Top 1 Percent of the World

I have a confession to make.

If you’re a fan of Occupy Wall Street, I hope you’ll cut me some slack, once you learn of my status.

Here goes (takes a deep breath):

I’m in the top 1 percent of income earners – of the world.

Yes, we’re talking about the big leagues, here. When I set my sights on something, I aim for the world. None of this USA-only stuff.

I bet you’re thinking, “Tax the heck out of him.”

But actually, you may be a 1 percenter, too.

You definitely are, if you take into account all the people who’ve ever lived.

For the scoop, click here.

 

The New Demagogues

Have you ever come across people who trumpet statistics saying that Jews have a disproportionate share of the wealth? Those statistics may be right, but usually the person spouting them is prejudiced against Jews.

What they do is tout certain statistics without providing the right context or explanation, such as the fact that Jewish parents really emphasize education more so than people of other religions, resulting in their children having higher incomes when they become adults. They should be admired, not vilified. It’s a similar situation with Asian-Americans.

Now, media outlets, as well as President Obama and many others, are trumpeting statistics showing that in recent decades, the top 1 percent’s income has risen much faster than that of the other 99 percent.

To tout statistics like this without providing the right context is like anti-Semitic people touting statistics showing that Jews have a disproportionate share of the wealth. The people in the media and the President are prejudiced against the rich.

Just as the demagogues of old whipped up envy, prejudice, and hate against the Jews, President Obama and his enablers are doing the same against the rich.

(For context regarding the top 1 percent statistics, click here.)