Attention, Protestors: You're Probably Part of the 1%
http://www.fool.com/investing/general/2011/10/28/attention-protestors-youre-probably-part-of-the-1-.aspx
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But things always need to be kept in perspective. Only in America, I thought to myself after reading the article, can someone be driving a Jaguar and portrayed as living in an impoverished underclass. Context is crucial with these issues.
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In short, most of those protesting in the Occupy Wall Street movement would be considered wealthy -- perhaps extraordinarily wealthy -- by much of the world. Many of those protesting the 1% are, ironically, the 1%.
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As author Matt Ridley put it, "Today, of Americans officially designated as 'poor,' 99 percent have electricity, running water, flush toilets, and a refrigerator; 95 percent have a television, 88 percent a telephone, 71 percent a car and 70 percent air conditioning. Cornelius Vanderbilt had none of these." Nor does much of the world.
Food for thought.
(Much was skipped . . Zim.)
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