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There is an ongoing global debate about rising levels of inequality in the world and the various degrees of power that economic elites exert in comparison to others. The debate has made it even into popular parlance framed with the well-known and frequently used terms of “the 1 percent” versus “the 99 percent,” and fans of both camps are to be found everywhere from politics to the media, from street protest to bank boards. In the United States, it is a well-known fact that the most important billionaires own as much wealth as five0 percent of the population, a staggering…
