The top 1% does not make such a small amount. The top 1% has a net worth of $18 million after accounting for loans and other debts, and an income north of 1.7million... And that's in 2013. It's even worse now.
We should be talking about net worth, not about income, or else people who pay themselves a salary of $1 but are billionaires are classed as "lower class", which is obviously nonsense.
I recommend reading this article https://whorulesamerica.ucsc.edu/power/wealth.html
The top 1% does not make such a small amount. The top 1% has a net worth of $18 million after accounting for loans and other debts, and an income north of 1.7million... And that's in 2013. It's even worse now.
We should be talking about net worth, not about income, or else people who pay themselves a salary of $1 but are billionaires are classed as "lower class", which is obviously nonsense.