Many in the top 1% are entertainers, movie stars, sports figures, and entrepreneurs who have leveraged their skills via improved technology so they are more valuable than before, alongside some who earn through subsidies (e.g., subsidized borrowing/lending by large financial institutions), so the group is heterogeneous rather than simply an exclusive club extracting money.

factualpending

Speaker

Russ Roberts

Evidence Quote

the top 1% or a lot of them are entertainers movie stars sports figures people who've been able to leverage their skills in dramatic ways because of improvement in technology

Source

Bruce Meyer on the Middle Class, Poverty, and Inequality 10/03/2011EconTalk
Created: 6/15/2026, 9:20:26 AM

My Notes

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