WHO ARE THE 1 PERCENT?
One of the first creations of the Occupy Wall Street movement has been the phrase “We Are the 99%.”
This is, of course, a reference to the fact that the top 1% in America own 37% of all the wealth.
That the top 1% enjoy over 20% of all the income.
That since 1979, the average income of the top 1% increased by $700,000, while the average income for the bottom 90% actually decreased by $900.
And that this has given America the fifth most unequal distribution of wealth in the entire world.