Blog: Learning Innovation The 9.9 Percent: The New Aristocracy That Is Entrenching Inequality and Warping Our Culture by Matthew Stewart Published in October of 2021. Matthew Stewart, who holds a doctorate in philosophy from Oxford University, makes three big arguments in The 9.9 Percen t. First, Stewart situates America’s extreme and expanding levels of income and wealth inequality as the fundamental determinant of political polarization and extremism, the health and healthcare crisis, and our looming climate change driven environmental catastrophe. Second, Stewart blames our increasingly stratified society not on the very wealthy but on the 9.9 percent of professionals that benefit from and maintain the economic status quo. Third, the proper arenas to combat runaway stratification are politics and policies that benefit workers rather than wealthy investors. Some definitions: If your total net worth ranges somewhere between $1.2 and $20 million, you are in the top 9.9
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