Stop worrying about the 1 percent. Their money can't help the middle class.


A supporter of President Barack Obama wears a 99 percent shirt while he speaks at a campaign event at Natural Habitat Park Field on the St. Petersburg College Seminole Campus in Florida September 8, 2012.

Article Highlights

  • For the vast majority of Americans, inequality is being driven by the skills gap — not by whatever is happening with the top one percent.

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  • Our national conversation shouldn’t focus on the fact that some folks are doing much better than others, but instead should work towards creating the social and economic conditions wherein everyone can better their situation.

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  • Enough with soaking the top one percent. Let’s focus on the 99. Clinton 1; Piketty 0.

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It would be an understatement to claim that income inequality is much discussed these days. And if you have read the Internet in the last few months, you surely witnessed the fawning, obnoxious adoration heaped upon Thomas Piketty’s “Capital in the Twenty-First Century.” Often bought, seldom read, Piketty’s 700 pages shine a big bright light on the fortunes of the top 1 percent, and have made him a hero in the eyes of the inequality left.

But should most of our attention be on the 1 percent? Hillary Clinton seems to think not. In a recent interview with Der Spiegel, Clinton argued that “the crux of the concern in our country” has “never been” the fact that some people earn very high incomes. “We’ve always had people who did better than other people. That’s just accepted,” she said. “The question is,” she continued, “how do we get back to having an economy that works for everybody.”

Clinton’s focus on “the 99 percent” is exactly right—and so refreshing. The Post reports that many on the left are coming around to this position, too.

Read the full article at The Washington Post.

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Michael R.

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