What people resent are the people who are close to them -- their colleagues, people they went to high school with, in-laws. For the most part, Americans do not resent the wealthy...For ordinary Americans the home of envy is Facebook...That's where envy blossoms. You look at the people you grew up with, the people you know, you see how well they are doing; if they are doing better than you, you feel bad. That's what I observe. You're not worried about the Titans of Silicon Valley -- you know, he earned another billion, I hate that guy. I don't see much of that.
I think part of the reason we think we have an inequality problem is we spend a lot of time telling people we have one. So they start to think it's true. And as you point out, I think people look at the people around them, and in fact -- they like rich people who aren't near them. They love looking at, reading about Bill Gates's house and the lifestyles of the rich and famous. They don't find -- it doesn't enrage them. They find it entertaining.