<i>"When you have a country where 1 percent of the people control nearly 40 percent of the wealth, that’s slipping dangerously close to the way things are in a lot of Third World countries."</i>

No. They control 100% of THEIR wealth. Just as you control 100% of your own. This infantile presumption that everything produced by a person is somehow a communal asset is beyond perverted. It's downright evil. The richest people in this country got that way by improving the lives of their fellow citizens. They weren't  "made rich" by parasitic, Leviathan government.