Just a quick point of clarification on “the top 1%”.
Christopher Masiello

I find the focus on wage income fascinating and depressing. Just because it is easier to find out the information, doesn’t mean that it is the right thing to focus on *at all*.

Over one percent of US households have a net worth in excess of $5m. For 65–75 year olds, the 1% wealth threshold is *fifteen* (yes, 15) million.

Work for 40 years at $250,000, and you only get 2/3s of the way to that true 1%-er level, *before taxes and living expenses*. Think about that. Yes, yes, investment growth, etc., but what’s the point of carping on doctors and other professionals who make $250k when the real 1% makes more than that in passive income??

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