From today’s very good piece by Annie Lowrey about rising inequality even within the 1 percent:
via:http://krugman.blogs.nytimes.com/2014/02/11/me-me-me-blogging-inequality-metaphor-division/?_php=true&_type=blogs&_r=0YES, we know the economic fortunes of the 99 percent and 1 percent have diverged over the last three or four decades. But the fortunes of the 1 percent and the 0.1 percent, or the 0.01 percent, or the 0.001 percent, have diverged even more. Economists have taken to calling it “fractal inequality.” It is not just that the rich have pulled away from the average American. It is that the richer you are, the more you have pulled away.
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