I live in a neighborhood that works for a living, I have yet to meet a 1%’er.
A 1% is a family that makes around $350,000 per year gross. A good income but hardly a millionaire. They are normally people who own small business like a retail store or franchise. Several of the people I met in business where the vaunted and diabolical 1%. Most often they where home improvement company owners who worked eighty or more hours a week.
Believe me, 1% are mostly working for a living and employing many people who rely on them for a pay check.
Of course through magic almost all congressmen and Senators are 1%’s even if they enter Congress dead broke. Somehow they all seem to become the Worlds greatest real estate and stock speculators.