"If there is one central irony in American history, it is this: the citizenry that broke free of the chains of British Monarchy, the citizenry that reckoned everyone was equal before the law, the citizenry that vowed never to be ruled by an aristocracy that controlled the government and finance as a means of self-enrichment, is now so distracted by social fragmentation that the citizenry is blind to their servitude to a new and formidably informal financial aristocracy."
Read the rest at; https://www.oftwominds.com/blogmar19/financial-aristocracy3-19.html
The chart at the end of the article is is worth a thousand words. It shows the shift in income from lower-income households to the one percenters has happened in the last generation.