The Wealthy Are Not Like You and Me--Our Terminally Stratified Society

History suggests such a stratified society cannot endure as a democracy.

When we say "The Wealthy Are Not Like You and Me," most people will assume we're talking about ultra-high-net-worth individuals (UHNWIs) with $30 million or more in assets or even the hyper-rich worth hundreds of millions or billionaires.

I'm not discussing the tiny class of UHNWIs here, I'm discussing the 8 million households of the top 5% and the 13 mi…