Almost half of the world's wealth is now owned by just one percent of the population, according to a recent Credit Suisse report.
How does that happen?
Well, Billionaire real estate investor Sam Zell thinks one percent just works harder.
"The 1 percent are getting pummeled because it's politically convenient to do so," Zell said. "The problem is that the world and this country should not talk about envy of the 1 percent, they should talk about emulating the 1 percent. The 1 percent work harder, the 1 percent are much bigger factors in all forms of our society."
Zell was responding to the now-infamous comments by venture capitalist Tom Perkins. In a letter to the Wall Street Journal, Perkins wrote:
"I would call attention to the parallels of fascist Nazi Germany to its war on its 'one percent' namely its Jews, to the progressive war on the American one percent, namely the 'rich.'"
Perkins later apologized for comparing today's treatment of the wealthy to the persecution of Jews in Nazi Germany.
But he's still standing by his message of class warfare.
OutFront: Democratic Strategist Paul Begala and Conservative Columnist Reihan Salam.