beepbeeprobot: markcoatney: In which a former intern does me proud. But the thing is, she’s probably NOT the 1%. Being the 1% doesn’t mean you’re employed, or that you’re not completely underwater in debt.  The average 1% makes almost one million dollars a year; you have to make at least $343,927 a year to be a part [reference].  That is their income.  Not holdings, not liquid assets, not stocks: income, from a job and capital gains and whatnot.  Having a job that pays you $150,000 a year or even having a trust fund that you could live off of means you still probably make $100,000 too few to be part of the 1%. Look, the solidarity is good and important, but the vast majority of people who say “I am the 1%” aren’t.  And that betrays a fundamental misunderstanding of what the OWS movement—and our current economy—is about. Agreed. 

beepbeeprobot:

markcoatney:

In which a former intern does me proud.

But the thing is, she’s probably NOT the 1%.

Being the 1% doesn’t mean you’re employed, or that you’re not completely underwater in debt.  The average 1% makes almost one million dollars a year; you have to make at least $343,927 a year to be a part [reference].  That is their income.  Not holdings, not liquid assets, not stocks: income, from a job and capital gains and whatnot.  Having a job that pays you $150,000 a year or even having a trust fund that you could live off of means you still probably make $100,000 too few to be part of the 1%.

Look, the solidarity is good and important, but the vast majority of people who say “I am the 1%” aren’t.  And that betrays a fundamental misunderstanding of what the OWS movement—and our current economy—is about.

Agreed. 

(Source: westandwiththe99percent, via i-built-the-shadows-here)