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By Joe Weisenthal
In recent years, as income and wealth inequality have grown as matters of concern, the term “1%” has become a popular way to connote the rise of a super-elite that has separated itself economically from the rest of society.
We’ve all seen the charts showing, in various ways, how much the 1% have seen their wealth grow, while everyone else’s has stagnated.
But talking about the 1% actually misses the real story.
