Actually, the 1 Percent Are Still The Problem The Atlantic trots out a familiar argument blaming the upper-middle class for income inequality. It’s wrong.
https://slate.com/business/2018/05/forget-the-atlantics-9-9-...
Here's Weissmann's concluding paragraph.
> Stewart and Reeves are right to point out that the American upper class is bigger than just the top 1 percent. There are, indeed, many layers of economic privilege in this country. But they’re doing it in a way that essentially asks us to forget a lot of what we’ve learned about how income and wealth are really concentrating in this country. The 1 percent vs. the 99 percent may not be a perfect shorthand for what ails the economy, but it’s a whole lot more useful than what they’ve offered up.