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May 17, 2018 02:51 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/G1USjzJCsS8/gatsby-2018.html
America's new aristocracy: the 9.9% and their delusion of hereditary meritocracy
It's true that the 1% have accumulated a massive share of America's national wealth; but just as significant is the cohort of professionals -- "well-behaved, flannel-suited crowd of lawyers, doctors, dentists, mid-level investment bankers, M.B.A.s with opaque job titles, and assorted other professionals" -- who style themselves as the "meritocratic middle class" but who actually represent the top decile of American wealth, with net worths from $1.2m to $10m. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/G1USjzJCsS8/gatsby-2018.html
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