We often hear a lot, especially from those who want to tear them down, about the top 1 percent. We don’t hear nearly as much about the bottom 1 percent. Who are they? Where are they? Why are they in the bottom 1 percent? And what should we do about them?
It turns out that about two thirds of the people in the bottom 1 percent are in U.S. prisons. And of these people, a few hundred thousand are there for victimless crimes. Letting them out would help them and save us taxpayer money. That’s a win-win.