The 9.9%: How a new aristocracy's segregation puts stress on society

Less than 8 minutes U can find out about a new caste system here in America where secluded enclaves of housing create more of a class divide. People "self-segregate" especially here in The East Valley of Arizona, by age and income in master-planned communities like Eastmark and Cadence that are official Community Facilities Districts expanding another 5,000 acres of suburban sprawl

Published on Jun 28, 2018

Views-to-date: 171,360

Growing class division is destabilizing our society, argues author and philosopher Matthew Stewart in a provocative Atlantic magazine cover story. He says there's a group in between the top 0.1 percent and bottom 90 percent that plays an important role in running the economy, while setting up barriers that prevent most from realizing the American dream. 
Economics correspondent Paul Solman reports.

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Published on May 16, 2018

Views: 397,937

When it comes to the division of wealth, many Americans believe that the country is split between the 1%, which possesses a significant share of the country’s money, and the 99%, or “the people.” In reality, The Atlantic writer Matthew Stewart argues, 9.9% of the population comprises America’s new aristocracy, which often “takes wealth out of productive activities and invests it in walls.” But this group of people is rich in more than mere money, and its constancy poses an insidious threat to the promise of American democracy.

Read Stewart's article on The Atlantic: https://www.theatlantic.com/magazine/...