There has been a massive transfer of wealth from the working class of this country to the top 1 percent. And at the end of the day, John—and the media doesn’t talk about it, the corporate media does not talk about it—nobody can defend three families in this country owning more wealth than the bottom half of the American people. Or that 49 percent of all new income today goes to the top 1 percent. That is indefensible. That is outrageous. That is immoral. And I think the American people understand that has got to change...

Are we happy that 99% of all new income is going to the top 1%? Are we happy that one family in this country owns more than the bottom 130 million people?

When those far removed from the creation of wealth -- undergraduates, reporters, politicians -- hear that the richest 5% of the people have half the total wealth, they tend to think injustice! An experienced programmer would be more likely to think is that all? The top 5% of programmers probably write 99% of the good software.

having $1M does not make you a one-percenter – it’s over $10M

related: the top 1% of income earners (doctors, lawyers etc) and the top 1% for *overall wealth* are two totally different groups of people

If you are not happy being in the top one tenth of one percent wealthiest people on earth, being in the top one hundreth of one percent isn't going to do anything for you.

The top 1 percent have accrued 52 percent of the real income growth in America since 2009.

There is no justice, and I want you to hear this clearly, when the top one-tenth of 1 percent -- not 1 percent, the top one-tenth of 1 percent -- today in America owns almost as much wealth as the bottom 90 percent. And in your hearts, you will have to determine the morality of that, and the justice of that.

I am a capitalist, and after a 30-year career in capitalism...I'm not just in the top one percent, I'm in the top .01 percent of all earners. Today, I have come to share the secrets of our success, because rich capitalists like me have never been richer.... here's the dirty secret. There was a time in which the economics profession worked in the public interest, but in the neoliberal era, today, they work only for big corporations and billionaires... over the last 30 years, in the USA alone, the top one percent has grown 21 trillion dollars richer while the bottom 50 percent have grown 900 billion dollars poorer, a pattern of widening inequality that has largely repeated itself across the world. And yet, as middle class families struggle to get by on wages that have not budged in about 40 years, neoliberal economists continue to warn that the only reasonable response to the painful dislocations of austerity and globalization is even more austerity and globalization.

If you want to be in the top 1% of a particular domain, then you can't take your cues from and follow the social norms of 99% of people.

This is harder than it sounds. We are wired to imitate. The further you want to climb, the more carefully you need to construct your tribe.

Today, while hundreds of thousands of bright young people cannot afford to go to college and millions are struggling with high levels of student debt, the top 1 percent owns more wealth than the bottom 92 percent. Today, while CEOs of major corporations make over 300 times what their average workers earn, thousands of veterans sleep out on the street and 20 percent of senior citizens are trying to survive on a paltry $13,500 income or less. For 40 years, under Democratic and Republican administrations, we have seen a massive redistribution of wealth and income from the working class of this country to the top one percent. In fact, if the distribution of income remained what it was 40 years ago the average household in America would have about $11,000 more in income today. Do you want to know why the American people are angry? Today, despite an explosion in technology and worker productivity, the average worker has seen his/her income go up by just 5 cents an hour over the last 43 years after adjusting for inflation. And, if we don’t turn the economy around, economists predict that the younger generation will have an even a lower standard of living than their parents. This is not acceptable to me. We need an economy that expands the middle class and reduces poverty and not one that makes the very rich much richer.

Thirty-nine percent of Americans will spend a year in the top 5 percent of the income distribution, 56 percent will find themselves in the top 10 percent, and 73 percent will spend a year in the top 20 percent.

One percent of the nation owns a third of the wealth. The rest of the wealth is distributed in such a way as to turn those in the 99 percent against one another: small property owners against the propertyless, black against white, native-born against foreign-born, intellectuals and professionals against the uneducated and the unskilled. These groups have resented one another and warred against one another with such vehemence and violence as to obscure their common position as sharers of leftovers in a very wealthy country (w:Divide & rule).

Today, the richest 1 percent own half the world’s wealth. Even more alarmingly, the richest one hundred people together own more than the poorest four billion.

When 1% of the population owns more wealth than the bottom 90%, the last people you should be asking for economic advice are the people who created that situation.