87% of US Wealth is in the hands of 25% of the population.
"Redistribution of wealth to the 325 million Americans would pay out above $248,307.6923076923 a person." https://en.wikipedia.org/wiki/Wealth_in_the_United_States
But if we look more closely we see the figures are more skewed than that:
63% of wealth is in the hands of 5% of the population. Multiplying out that $248,307.6923076923 net wealth per person we get over $80 trillion but the GDP is actually $118 trillion. But 63% of that is $50.841 trillion. 5% of 325 million people is 16.25 million people. That gives a mere $3,128,677 per person for the top 5%. Do you know 100 people? Does being top 5 out of two school buses worth sound like rich to you? But 34.6% (27 of 80 trillion) of our nations wealth is held by 1% which is more than 27.3% of the other 4%. 1% of the population is 3.25 million people which comes to a per capita of $8,591,446.15 to be the richest guy on two randomly mixed bus rides.
This pattern continues. The top .1% have more wealth than the remaining .9%, and so on until you get to about 3250 people who have more money than you can imagine and you can imagine a lot. Forbes determined the wealthiest fictional character during the 2007 recession was scrooge mcduck with his massive vault of gold and silver when gold and silver were at their high (something like 50 billion if I recall). At that point they determined Scrooge would fall well short of making the top 100 list of the most wealthy.
The average return rate from the S&P 500 from inception is 10%. However, adjusted for inflation (by most accounts vastly under adjusted) that is 7%. Of that 7% only 40% is dividends which is all you can safely take and the S&P 500 beats almost all investors and firms.
Your million safely invested across the S&P 500 would get you $28,000 a year. That would be tax free of course but is only about half the GDP per capita. Hardly qualifies as rich let alone wealthy.
If you step it up to top 1% money that becomes $240,560.49 which is suspiciously close to the net wealth per capita figure. Of course, if you are married you'll need to double that for it to count. $441,121 per year. You'll have to pay 18.8% capital gains tax on it vs the 35% someone working for that money would pay but luckily for you, if it doesn't actually cost you $441,121 per year to live you can simply buy some real estate and avoid those taxes or you can reinvest the dividends. Sure you'll still pay the tax on dividends now but if you ever sell any stock all the tax you paid becomes a deduction. Think of it as accumulating wealth via accumulated debt owed to you by the government.
There is minimal correlation between income as reported by the IRS and wealth. That should tell you a lot. Do not ever confuse having an issue with the top 1% by wealth and having an issue with the top 1% by income. An engineer or doctor making that same $240,560/yr would need to accumulate their entire salary as wealth plus make inflation for 35.5 years to accumulate that much wealth. Even with compounded interest it isn't going to happen with a safe and distributed investment portfolio the only way it's possible is gambling with high risk investment which isn't much different than blackjack.