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View Diary: What Paycheck-to-Paycheck Means (110 comments)

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  •  The 1% (1+ / 0-)
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    Orman West

    does not refer to a literal percentage, it's a short and sweet stand in for those who control the decision making process in the economy. The 1% would include the most powerful in every country who work hand in hand multinational companies to put the wants of corporations ahead of the good of those companies, along with the upper management of the largest corporations.

    The average person making $50K is not part of the 1%, they don't have the kind of power to effect the economy in significant ways. Heck Tim Tebow, making making millions isn't part of the 1%, because it's not about $$$ it's about those who have power and are using it to corrupt the system.

    They say a little knowledge is a dangerous thing, but it's not one half so bad as a lot of ignorance. Terry Pratchett

    by Toon on Sun Jan 29, 2012 at 07:10:40 PM PST

    [ Parent ]

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