>Billionaires, oligarchs, and other members of the uber rich, known as “elites”
it's a small point but, "elites" usually refers to those with good educational credentials who hold down white collar jobs at universities, newsmedia, law and finance firms, political campaigns, non-profits, etc., jobs they got because their parents know how to help them network and who can afford to pay their rent in major cities while they "pay their dues" as interns in these same organizations. Yes, they do have higher than average incomes, but I heard a great word for them (from a left-leaning source fwiw) who called them "the 19%". They are not the 1%, but they make up the rest of the 20% and they work for the 1%, and though they often have left leaning political ideals, it's human nature to want to defend what you have and feel you earned it, and also to pass it along and take care of your own children's futures. According to this guy, they control 2x the wealth that the 1% controls and flex a lot of political muscle.
Billionaires, oligarchs, and other members of the uber rich are generally referred to as just those things. The people behind this study I would guess are in the 19%, and by labelling the billionaires and oligarchs as elites, unconsciously they shed the shame of being elites themselves (Dartmouth? pure ivy league).
it's a small point but, "elites" usually refers to those with good educational credentials who hold down white collar jobs at universities, newsmedia, law and finance firms, political campaigns, non-profits, etc., jobs they got because their parents know how to help them network and who can afford to pay their rent in major cities while they "pay their dues" as interns in these same organizations. Yes, they do have higher than average incomes, but I heard a great word for them (from a left-leaning source fwiw) who called them "the 19%". They are not the 1%, but they make up the rest of the 20% and they work for the 1%, and though they often have left leaning political ideals, it's human nature to want to defend what you have and feel you earned it, and also to pass it along and take care of your own children's futures. According to this guy, they control 2x the wealth that the 1% controls and flex a lot of political muscle.
Billionaires, oligarchs, and other members of the uber rich are generally referred to as just those things. The people behind this study I would guess are in the 19%, and by labelling the billionaires and oligarchs as elites, unconsciously they shed the shame of being elites themselves (Dartmouth? pure ivy league).