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Posts Tagged ‘99%’

When Is the 99% Really the 5%?

A reader comment from the website of a certain well-read newspaper:

Here’s a lesson in economics for OWS. Explain to the “99%” that they are actually in the 5% of richest people on the planet. Then take their wealth and redistribute it to the 95% of the world that is poorer than them. See how they feel about wealth redistribution then.

However you may feel about the sentiment expressed by Tom H., you have to think that his framing skills would be admired by Messrs. Tversky, Kahneman, and Thaler.