You are confused.
Is the 1% “whatever sized group of people, that their cash added up is 1% of all the wealth”
Or
“Rank everybody by net worth, and starting from Elon Musk, count down till you have 10% of the population”
I’m not confused. I’ll admit I was being a bit of a jackass by making fun of the way the article was worded - but I’m mathematically correct.
The way we measure relative or proportional amounts in math - is by use of ratios, fractions or percentages. The 1% wealthiest people can increase their wealth relative to the rest, but then they would no longer be the wealthiest 1% - they would be the wealthiest 1+n% (some higher percentage). Right?
That’s all I was saying.
Oh wait - I see your point (your typo of 10%) threw me off for a moment.
So you are saying it’s 1% of the population, not 1% of the wealth.
Got it. I was confused.