<i>Who’s in that top 0.1 percent? Are they heroic entrepreneurs creating jobs? No, for the most part, they’re corporate executives. Recent research shows that around 60 percent of the top 0.1 percent either are executives in nonfinancial companies or make their money in finance, i.e., Wall Street broadly defined. Add in lawyers and people in real estate, and we’re talking about more than 70 percent of the lucky one-thousandth.</i><p>Zuckerberg, Jobs, Bezos, Gates--virtually every startup founder is/was a corporate executive. And "people in real estate" are absolutely entrepreneurs. Without investment and good management, development doesn't happen.<p>I too am worried about the moral hazard posed by growing income inequality. But Krugman is being either disingenuous or outright deceptive (as usual, sadly).