Americans like to keep things simple and direct, so here it is: they rule. For the simple reason that they (the ruling class) have all the money. The top 5% of US citizens own almost 2/3 of the country’s wealth, or 63.5%. Compare that massive share to 12.8% for the bottom 80% — that is, “the rest of us,” as Rhonda Winter puts it in the excellent article from which this pie chart is taken.
Now go a little further, into the research she drew her chart from — a briefing paper of the Economic Policy Institute called “The State of Working America” — and you find that the top 1% holds over 1/3, or 35.6%, of the country’s net worth. Elsewhere, in The Nation, you will find such interesting tidbits as “In 2006, the top 0.01 percent averaged 976 times more income that America’s bottom 90%” — a thousand-fold gap between “them” and “the rest of us.”