America’s Wealthy Are Even Wealthier And Have A New Name: Point-Seveners

America has 45,000 citizens worth more than $50 million. By Steven Rosenfeld/ Alternet The old cliché is true. The rich are getting richer. And there’s a new name for the upward transfer of wealth and richest people in America and worldwide—now called the “point-seven percent”—according to The Wall Street Journal,which, in its typical cheerleading way, boasts that Americans rule the top of the wealth pyramid. “Forget the 1 percent—the statistic that 1 percent of people in the U.S. hold 40 percent of the wealth” brags Jason Bellini on a WSJ video report. “It became a rallying cry during the Occupy Wall Street movement. Now there’s a new number to consider: 0.7 percent. Globally, 0.7 percent of the people control 41 percent of the world’s wealth. Who are the 0.7 percent?”