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As I read the article I had a sinking feeling that the class you identify may very well be more than 1%! Even if we were to go with it, who gets to say what is earned and what is not? IRS? (shudders)...

A well reasoned and rational viewpoint, Dr. Conover.

'course when we speak of how the politicians adhere to ideology and dogma while playing to the emotions of the voters somehow reason and rationality are nowhere to be found. I think there is a favorite quote right on this blog that speaks to that very fact.

BTW, here is a link to an open letter to Jamie Dimon from the brazen Josh Brown ( The Reformed Broker ) at the blog of the equally brash Barry Ritholtz.

http://www.ritholtz.com/blog/2011/12/dear-jamie-dimon/

Who knows? Perhaps Mr. Brown read your AEI post and was inspired to write the letter.

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