Evening Must-Read: Richard Reeves: Wealth, Inequality, and the ‘Me? I’m Not Rich!’ Problem

Richard Reeves: Wealth, Inequality, and the ‘Me? I’m Not Rich!’ Problem: “The real action is at the tip-top, or the tippetty-tip-top. Think not the 1% but the 0.1% or even 0.01%…

…The problem might be political rather than economic. The soar-away wealth of those at the pinnacle of the distribution can start to make the people just below them feel distinctly middle-class. I’ve just played the part of Straight Man Scholar in a sketch on “The Daily Show” poking fun at the struggles of those only just scraping into the top 1% with a family wealth of $4 million or more. “Daily Show” correspondent Hasan Minhaj became a faux class warrior on behalf of those struggling to get by with just one or two homes and having to share a private jet…”

March 2, 2015

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