Quotes About 1 percent

Part of the American dream, for example, is to deny that there are class lines drawn through the middle of American society. Each year, however, the widening gap between the 1 percent and the 99 percent turns that persistent American dream into more of a myth. Particularly instructive in this regard is the famous boast by Warren Buffett (quoted by the Marxist theorist Joerg Rieger) that "there is such a thing as class warfare and that his class is winning it."1

I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully realize how much pain and suffering, how much anxiety exists out there.

What's worrying is that those in the 1 percent, in attempting to claim for themselves an unjust proportion of the benefits of this system, may be willing to destroy the system itself to hold on to what they have. This

So, the advice I'd give to the 1 percent today is: Harden your hearts. When invited to consider proposals to reduce inequality - by raising taxes and investing in education, public works, health care, and science - put any latent notions of altruism aside and reduce the idea to one of unadulterated self-interest. Don't embrace it because it helps other people. Just do it for yourself.

The upper 1 percent, the people down on Wall Street, the corporate executives, they're the people that control this economy.

Trump critics such as myself have been accused of living in a bubble. On the contrary, it is Trump's supporters in the 1 percent who breathed their own fumes.

The World-Rectifying Catfish targeted the business class, the 1 percent, whose rampant practices of price-fixing, hoarding, and graft had led to economic stagnation and political corruption.

But refusing immunity as a form of civil disobedience bears an unsettling resemblance to the very structure the Occupy movement seeks to disrupt- a privileged 1 percent are sheltered from risk while they draw resources from the other 99 percent.

Mr. Trump and Mr. Osteen are mirrors of each other. Both enjoy enormous support among evangelicals, yet they lack a command of biblical scripture. Both are among the 1 percent.

The way to make society more equal is by forcing (through skin in the game) the rich to be subjected to the risk of exiting from the 1 percent.

Second, even if the underlying data could accurately predict future risk, the 99 percent assurance offered by the VaR model was dangerously useless, because it's the 1 percent that is going to really mess you up.

Corporations and special interests have their voice in Congress, and they have too many members scared of their power. What Congress needs is a progressive voice who is unafraid to take on these powerful interests - who is willing to fight for all Americans, not just the wealthiest 1 percent.

I worry about growing income inequality. But I worry even more that the discussion is too narrowly focused. I worry that our outrage at the top 1 percent is distracting us from the problem that we should really care about: how to create opportunities and ensure a reasonable standard of living for the bottom 20 percent.

The ability of the 1 percent to buy politicians and regulators is nothing new in American politics - just as inequality has been a permanent part of our economic system. This is true of virtually all political and economic systems.

It is only occasionally shaken up, as when the Occupy Wall Street movement of recent years shone an embarrassing light on the financial sector and the grotesque separation between the 1 percent and the 99 percent. And then the media giants find new crises and the nation's inherited disregard for class reboots, as the subject recedes into the background again. An

That Canadian team had a bunch of guys who are in the 1 percent: Crosby, Getzlaf, Perry, Carter, Richards and Weber - guys who would win Olympic gold and make $8 and $10 million a season down the line. Though a player might be in that 1 percent, no team is, not as a group.