Stop Pretending You’re Not Rich
I think the author misses some of the point of the &quot;99%&quot; rhetoric. It&#x27;s not that someone in the 98th percentile making a 6 figure salary doesn&#x27;t feel well off, it&#x27;s that they don&#x27;t feel any control over the political system. In the post-Citizens United landscape, multi-millionaires and billionaires who can afford to solo fund a PAC have outsized influence over politicians and government agencies. The impression that control has been ceded to such people is reinforced by their increasing monopoly on the accrual of tangible political benefits, which manifest in the forms of tax breaks and favorable regulatory decisions. And for those of us who are younger, student loan debt has delayed the meaningful accumulation of wealth via home purchases (plus not paying rent) and investment savings even when we earn such high salaries, so our annual incomes don&#x27;t reflect our true economic status relative to prior generations.