Again, the IRS data is clear: both the top 0.1% and top 1% of earners (which includes all the millionaires and billionaires) already pay over 4times the rate in taxes than do the over 4 million secretaries in this country (24.3% vs. 5.6%).
The fall in share prices has already reduced the level of household wealth in America from a peak of 4.2 times personal incomes two years ago to 3.4 times now.