The ,01% billionaire, Nick Hanauer has  a warning for his fellow .01 percenters, look out for pitch forks,  But his article at Politico goes beyond that, it talks about the economic necessity of a strong middle middle class.

I see pitchforks.

At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. The divide between the haves and have-nots is getting worse really, really fast. In 1980, the top 1 percent controlled about 8 percent of U.S. national income. The bottom 50 percent shared about 18 percent. Today the top 1 percent share about 20 percent; the bottom 50 percent, just 12 percent.

But of course there is more to it that, the denies of  the middle class is really bad  for the economy,

The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts.
What a great idea. My suggestion to you is: Let’s do it all over again. We’ve got to try something. These idiotic trickle-down policies are destroying my customer base. And yours too.

That’s right, middle class people but stuff, the .01% not so much.  Keep in mind that Castro came to power in Cuba because the top .01% held most of the wealth.

Read the entire article ,a must read from a .01 percenter who understands the dynamics of what is going on.