99 Percent Tribe | We Are the 99.9% | Occupy Wall Street
by
Lopkerjo
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We are the 99% is a political slogan widely used and coined during the 2011 Occupy movement. The phrase directly refers to the income and wealth inequality in the United States, with a concentration of wealth among the top-earning 1%. It reflects an opinion that "the 99%" are paying the price for the mistakes of a tiny minority within the upper class.
"We are the 99.9%" by Nobel Prize–winning economist Paul Krugman in an op-ed in The New York Times argues that the original slogan sets the bar too low when considering recent changes in distribution of income. Krugman cites a 2005 Congressional Budget Office report indicating that between 1979 and 2005 the inflation-adjusted income for the middle of the income distribution rose 21%, while for the top 0.1% it rose by 400%.