WHAT IS A FAIR SHARE OF WEALTH? Americans Vastly Underestimate Wealth Inequality, Support 'More Equal Distribution Of Wealth': Study

The report (pdf) "Building a Better America -- One Wealth Quintile At A Time" by Dan Ariely of Duke University and Michael I. Norton of Harvard Business School (hat tip to Paul Kedrosky), shows that across ideological, economic and gender groups, Americans thought the richest 20 percent of our society controlled about 59 percent of the wealth, while the real number was closer to 84 percent.

More interesting than that, the report says, is that the respondents (a randomly selected 5,522-person sample, reflecting the country's ideological, economic and gender demographics, surveyed in December 2005) believed the top 20 percent should own only 32 percent of the wealth. Respondents with incomes over $100,000 per year had similar answers to those making less then $50,000. (The report has helpful, multi-colored charts.)

This is why the dems must stick to their guns. Dems must educate the electorate to show that the middle class has been drastically reduced while the top 20% of the rich own 84% of the wealth!! It does seem that they could spare a few percent for the rest so that kids can get educated and people can get healthcare.