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It's not pedantry, it's a legitimate complaint about a term which perpetuates confusion about how wealth is distributed.

What distracts from the discussion is using a term which lumps mid-career doctors in with billionaires while only talking about the billionaires.




"Millionthaires" as in 1 in a...


I think we should save that as a clever way to refer to the average person, whose net worth is measured in millionths of a dollar.


Who exactly is confused by this term? Can you point out the group that's railing against mid-career doctors and their offshore tax havens?


Random example: http://www.oxfamamerica.org/explore/research-publications/an...

That summary jumps seamlessly from a literal use of "the richest 1%" to "A global network of tax havens" without any indication that they've suddenly begun talking about a much smaller set of people.

Or browse articles about the 1% on occupy.com or Huffington Post:

http://www.occupy.com/tags/1

http://www.huffingtonpost.com/news/top-1-percent/

Both sometimes use "1%" to refer to literally the top 1% wealthiest people, and sometimes to refer to the ultra rich. You can jump from a numbers-based article about where the 1% earn their money to a screed about how "the one percent" are putting out expensive videos downplaying the plight of minimum-wage workers.

It's a rare political term that actually has a pretty clear meaning. It's a bit vague in that it could refer to income or net worth, and nationally or worldwide, but it's way better than stuff like "liberal" or "conservative" or "terrorist." Using such a precise term as a lazy synonym for "the ultra rich" is ridiculous.


> That summary jumps seamlessly from a literal use of "the richest 1%" to "A global network of tax havens" without any indication that they've suddenly begun talking about a much smaller set of people.

Hint: It's because they haven't suddenly begun talking about a much smaller set of people.

None of the links you posted are talking about the literal 1% as the problem. They'll reference statistics about the literal 1%, but only because the literal 1% includes the figurative 1%.

> It's a rare political term that actually has a pretty clear meaning. It's a bit vague in that it could refer to income or net worth, and nationally or worldwide, but it's way better than stuff like "liberal" or "conservative" or "terrorist." Using such a precise term as a lazy synonym for "the ultra rich" is ridiculous.

I totally agree with you, and personally I try not to use the term because I think using it shows poor communication skills: I think it's exemplary of everything that made the occupy movement largely unsuccessful. But it also shows poor communication skills to derail a discussion just to enforce the usage of your terminology, even if your terminology is more accurate.

There is no movement to overthrow doctors. Stop defending people who aren't under attack.


The people who continue to use the inexact figure is who. Why was 1% chosen and not 10% or 0.01% for that matter? And "railing against" != confusion. If enough people believe something, certain people in that group can do some pretty messed up shit without exactly "railing" first.

Confusion might not be the best word, but we should avoid perpetuating the notion that the entire 1% is to blame for average people not getting ahead.


> Why was 1% chosen and not 10% or 0.01% for that matter?

Because it's a simple number to write.

Lay-people using this term have no idea that the 1% includes doctors and lawyers, they just assume it's ultra-rich bankers, executives, and hedge fund managers. Yes, that means that if you're incapable of understanding context it might sound like they're talking down on doctors and lawyers. But I assure you they're not.

> And "railing against" != confusion. If enough people believe something, certain people in that group can do some pretty messed up shit without exactly "railing" first.

What are you even saying?




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