The other wealth gap
"From an economic perspective, the most dramatic wealth gap is between middling millionaires, who have seen only modest gains, and the booming billionaires, who now seem to defy economic gravity. It's between the guy making $300,000, who still feels poor, and the man who made $37 million a day for a year. Both are lumped together by politicians, the media and even economists as "the rich" or "the 1 percent," who are gaining at the expense of everyone else.
The big winners are those in the top 0.01 percent. These folks, who have a net worth of more than $100 million. How are they doing it? The top 0.01 percent are stock-market winnersóCEOs, bankers, entrepreneursówho are riding financial markets to outsize gains. The rest of the top 1 percent are often mere wage earners."
Does this matter in your opinion of who's really "leveraging" the system in their favor?
I'm not getting into whether.. it's fair or not.. to be able to use your incredible wealth ($1 billion+) to manipulate markets, but rather> do you see a difference in the gaps?