The wealthy have been waging class warfare on the rest of us since Reagan, and they've been winning. So, what should be done about it? Get a rope?
From Paul Krugman's blog:
Inequality Trends In One Picture
Just an addendum on the role of the top 1 percent versus the college-noncollege differential. Here, from the CBO report, are the changes, in percentage points, of the shares of income going to three groups. The top quintile excluding the top 1 percent – which is basically the abode of the well-educated who aren’t among the very lucky few – has only kept pace with the overall growth in incomes. Just about all of the redistribution has taken place from the bottom 80 to the top 1 (and we know that most of that has actually gone to the top 0.1).
It’s a tiny minority, not a broad class of well-educated Americans, who have been winning here.