Earlier quoted context omitted.
> Why should 1 out of 5 people belong to a group so wealthy that saying mobility is difficult should be considered problematic? Why is it a bad thing that so many people are so wealthy? The more people who belong to the so-wealthy-it's-hard-to-achieve group, the better.
I mean, wars were fought over that and revolutions had. People decidedly did not like royalty, large so-wealthy-it's-hard-to-achieve groups, being so far above them. For a while, people much preferred knowing they could work hard or smart and make progress from the bottom to the top 20%. We're talking about the top 20% here. Not the top 0.1%.
But that sort of outcome seems almost impossible in America today due to more factors than I could probably name especially at this hour. But it seems clear to me that America has changed in the last 120-100 years in a way that locks people into their social classes/'earnings quintiles' while perpetuating, I assume to the advantage of the very wealthy, the myth that that old America of extreme social mobility still exists. This is a myth that needs to die if we're to adequately address our problems as a nation. I suspect the solution begins in the education industry.