I think that's because the difference between the top of that 1% and bottom of that 1% is a magnitude of thousands. It goes from a few million to hundreds of millions, and up to many billions.
The bottom of that 1% doesn't have to worry about spending money for daily things, but going higher, the upper portions can spend on _anything_. So, the difference at least feels large between the rich and "obscenely" rich, as opposed to the 50%ers vs the 75%ers.
The bottom of that 1% doesn't have to worry about spending money for daily things, but going higher, the upper portions can spend on _anything_. So, the difference at least feels large between the rich and "obscenely" rich, as opposed to the 50%ers vs the 75%ers.