The problem isn't even the 1%, it's the top 1% of the top 1% that skirt all tax and financial laws and become mega-ultra-super-filthy rich at the expense of everyday people. When people scream "raise taxes on the rich" (which even as a libertarian, I agree with the sentiment...it's the definition that I disagree with), they mean some schlub and his wife who manage to pull in $120k working two jobs. Those people aren't the problem, it's the people pulling in $120M that aren't paying their fair share.
Sort of. Rich people pay a lot in terms of charity, taxes, etc. Their "fair share" -- I don't see a hard percentage in the definition of fair, but someone who pulls in millions of dollars a year is likely paying out a whole lot more in donations than I ever will in my lifetime. Whatever. My problem is: how does someone wind up with that salary? A CEO is hired...by a committee, a board, whatever. And they get raises and bonuses based on the initial contract and later votes. What I'm saying is there are a lot of people on those committees who think it's just fine to pay someone millions of dollars, and give them millions of dollars in bonuses, regardless of how the company is doing or whether other people are getting raises or bonuses. Is it cronyism? Is it crazy? As part of the 99%, this is my issue more than anything else -- that the highest executives make millions of dollars a year, and increase their earnings, while others do not increase or are even laid off. Fair does have a definition -- and it isn't this.