In fact, the richest 20 percent of Americans own more than 80 percent of the country 's wealth. And the poorest 20 percent own one-tenth of 1 percent.
The Occupy movement is also right that one of the drivers of inequality (among many) is the money game in politics. Michael Spence, a Nobel Prize-winning economist who shares a concern about rising inequality, told me that we've seen "an evolution from one propertied man, one vote; to one man, one vote; to one person, one vote; trending to one dollar, one vote."
"So why was this not done?" he asked. "One obvious piece of the answer is that both political parties rely heavily on campaign contributions from the financial sector."