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The upper percentil, as you put it, tends to hold higher positions of power, of responsibity, of education, and of investment. Those who have put their money to work for them while they work (as opposed to only working for their money) will indeed raise their wealth/standard of living faster than those who do not tend to put their money to work (if they have invested wisely and not spent more than they earn). So, it is not all about wages/earnings but also about savings/investment vs. spending.
If those who work would turn about and invest in those companies for whom they work they'd have more say on executive compensation. On a smaller scale, those companies which allow direct employee investment (employee owned) tend to have a higher rate of worker satisfaction than those who do not. Rather than trying to bust the corporation these employees have a real stake in the company being a success (as part owners).
So, you can keep playing the class warfare card or you can change the way in which you view the creation of wealth as coming from public collectivism/redistributive wealth rather than individual investment.
HowTF are people working for $8 per hour going to invest in "these companies" or even to stop being rent slaves?
It doesn't really matter. There's nothing wrong with "cut, cap & balance" except that there is a price to pay and that price is recession.
If you're willing to pay the price and suffer the consequences then go ahead.
Of course, if you don't "cut, cap & balance" there is a prices to pay as well, and that price is recession too.
I guess the difference is making a choice or having the choice forced upon you (which really isn't a choice).
I wonder if 18 debt ceiling increase during Reagan era, and seven during Bush, contributed to five-ish recessions?
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Talk with your President.
