Make elites compete: Why the 1% earn so much and what to do about it
The analysis is broken by the focus on the top 1%. They should be looking at the top 0.1%, or smaller.It's absurd to put together hedge fund managers making $30 million a year with the established doctor who works two blocks from your house making $250k. These are entirely different phenomena.You can see it by the section where they realize, shockingly, that the most common workplace among the 1% is the doctor's office. Well, duh. That's what makes it so clear that the 1% is much too broad of a target.When people (innumerately) rage against the 1%, they're not thinking of real estate agents and local doctors and lawyers and dentists and university or hospital administrators. But that's who the 1% is.