No, the high-income, self-motivated overachiever class (small business) provides jobs. The wealthy live off their trust fund incomes.
The way Wallace says this he is engaging in leftist propaganda. He seems to want the tax cuts to expire.
I believe 'wealthy' has been redefined by the dems to include people making $75,000 or more per year...that would include many of the folks you cited. Cut taxes; cut spending. :-)