[michaelochurch]

The bottom 4/5 of "the 1%" (and the next 19%) are the job creators and where innovation and disposable income (going back into capitalism) live.

The top-0.2% or so (and the distinction has more to do with social topology than income; many of them are not earning top-0.2% incomes) are a well-connected set of parasites who produce little innovation, hamper society by pushing the status quo, and generally produce no value. Yes, we have an upper-class problem in this society but it's not only about money. Income inequality is a symptom, but it's about connections.