h/t to Dave Turner for pointing me to this great rebuttal of the Atlantic article I shared yesterday about American aristocracy.
In an age when the likes of Jeff Bezos, the Mercers, and Sheldon Adelson are accumulating dynastic fortunes, it’s also just a bit precious to declare that the new “aristocracy” is made up of people who pay too much for yoga classes and buy their groceries at Whole Foods. The average net worth among adults in the 95th to 99th percentile is about $1.7 million. Among the 0.1 percent, it’s about $60 million. Who, exactly, are the aristocrats again?
That dynastic fortunes thing terrifies me.
< ![CDATA[That dynastic fortunes thing terrifies me.]]>
I’m telling you comrade, you need a proper class analysis instead of all this vague pointing at ‘the rich’ ‘the very rich’ etc.
< ![CDATA[I’m telling you comrade, you need a proper class analysis instead of all this vague pointing at ‘the rich’ ‘the very rich’ etc.]]>
I’m just gonna go ahead and hate anyone who makes more money than me. Seems simpler.
< ![CDATA[I'm just gonna go ahead and hate anyone who makes more money than me. Seems simpler.]]>