If anything I’m somewhat pleased to see the Chicago School has passed the denial stage and moved on to bargaining vis-à-vis inequality.
You can keep going and the 0.00001% will be clobbering the rest of the 0.001%. It's a structural thing we're seeing.
That means it'a a fair question, to ask 'is that useful in any sense?'. It's not 'points' we are awarding or measuring, this is the means by which humans interact and survive. It is more of a zero sum game when it's captured by individuals as a way of keeping score. That's non-optimal.
> Let's be precise. The actual 1% are not the ultra-wealthy, they're doctors, senior SV engineers, and regional Vice Presidents. That's not who people are protesting wall street about.
Also, why are you talking about 1.4 million? The article claims “The threshold for membership in the 1 percent in 2014 was an annual household income of $386,000, excluding any capital gains,”
$386k total comp is definitely Google-engineer range.
If you were part of the mega-rich elite, isn't that a convenient narrative you'd want to push? "Watch out regular wealthy folks, they're coming for your cash!" Just like how rich people are always very concerned about how tax rises will affect the working population.