I would submit that when 1% of the population is paying 37% of the bills then perhaps they should in fact have more of a say in the way the country is ran than the 40% who pay NONE of the bills.
During the postwar years, when capital paid higher labor costs to sustain a vibrant upwardly mobile middle class, more Americans paid taxes. Unfortunately, capital decided it wanted cheaper labor in America. So we spent 30 years lowering the wages and benefits of the working class. Small problem: it became increasingly hard to draw revenue from people who could not afford rent, medical care, or education for their children (even with 2 jobs). And it became increasingly hard to find productive investments for the massive surplus wealth on top. But yes, of course you can tell the people at the bottom to get better jobs, but you can't erase the bottom 40% of serfs who no longer have enough skin in the game to pay taxes.
Starting in 1980, we made one class of people insanely wealthy by lowering their labor costs and taxes -- but, as a consequence, another class now lives well below the poverty line. While we depend on these poor workers to fill these low paying jobs, if they were a bridge, they'd crumble.
America used to be the one place on the globe where hard workers lived above the poverty line. This is why Reagan claimed moral authority over the Soviet Union, because Soviet workers lived in shit, along with the 3rd world. Who knew that Reagan was laying the foundations to bring cheap labor to America? Who knew he was waging war on 40% of America?
In 1970, we didn't have single hedge fund managers who made more than all of the high school teachers in NYC combined. There was a social contract. If you were willing to work hard, than you would not live in sewage or go bankrupt paying for monopolized health insurance. This is what made us different from the rest of the world: our workers lived human lives and had upward mobility. But that contact ended in order to raise the profits of corporations and their shareholders. Point is: if you want cheap serfs with no health care, and no retirement, than you are going to have trouble drawing revenue from them. We spent 30 years lowering their wages, benefits, and government support (while subsidizing and bailing out their bosses). It is embarrassing that 40% of the population can't support themselves (much less a family) on 40 hrs of work, or 60 hrs. If you want to get revenue from these hard workers, than give them some skin in the game.
Same thing with consumption. We created an economy which depended on high levels of middle class spending. This worked perfectly during the postwar years when average workers had higher wages, benefits, and government support (the kind of support now given to Wall Street for creating derivatives that destroy the economy). Unfortunately, something funny happened in 1980. We decided to lower the wages/benefits/support of the middle class in order to give tax breaks to the wealthy. Consequently, the average consumer didn't have enough money to buy things (at the rate needed to sustain job growth). So what did we do? We gave them credit cards. We created debt-fueled consumption to make up for the fact that the profits were not trickling down (as promised) into middle class demand.
The movement toward cheap labor had 2 consequences.
1) We created historic surplus wealth inside the upper class. They now have so much capital that Wall Street cannot find sufficient investment opportunities (which has lead to the speculative phantom economy of steroidal tech IPOs and credit default swaps.)
2) The working class doesn't have sufficient money to consume or pay taxes. Meaning: the move toward cheap labor had the effect of firing consumers and tax payers. This is what subsistence wages do.