Apparently so, and certainly Steve has already conjured up a perfectly good roaring-populist response, so I won't go there right now. There are a few things worth pointing out, such as the individuals whom Sullivan chose to interview for his follow-up:
Quite a topical cross-section, no? To put it in Simpsons terms, this is like profiling Homer's mindset by interviewing Mr. Burns, Smithers, Rich Texan, and Rainier Wolfcastle. And of course Sullivan, and the bookmaking lackeys he interviews, would rather blame the victims for their unhealthy outlook than admit the possibility that there's a deeper cause for resentment here.
There are millions of people who work at least as hard as the wealthy, and not even get by, much less get ahead. But that's part of life, and most of them, unfortunately, accept that lot. What the peons resent is the lack of accountability on the part of the banksters and their henchmen, the refusal to accept any responsibility for what they've done, and what they expect everyone else to pay for. They played with other people's money (OPM), made stupid bets with it that didn't even work on paper, and then got more OPM to cover those losses and more OPM to play with again. And no new jobs are coming of it, and all they're doing now is re-inflating the previous bubble.
Ah, no. You're the one writing tedious mash notes about the rich, sporto. It just never occurred to you that, in a country where 1% of the population already controls over 40% of the assets, that a majority of the people out there who hear nothing but a giant swirling sound creeping up on their lives don't give a shit about a bunch of trust-fund babies and hedge-fund profiteers.
These swells expect to be absolved because they fund symphonies and scholarships, but the symphonies are basically for themselves, and scholarships just underline the fact that higher education (not to mention textbook publication) is increasingly a scam on par with the health-care system. The implicit threat is that they'll take their ball and go home if the plebes don't give them sufficient respect, and they're bound to do it anyway, if only to preserve their toehold in the vertically-integrated economic strata. The main thing is that they prove to everyone else that they feel no guilt about their XKR, even if it was earned merely by percentage-point diddling and spreadsheet manipulation.
When Paul Sullivan bothers to talk to someone who makes less than $100K/year, then maybe the bewildered herd will take him seriously. I think we all get that (apologies to Upton Sinclair) it is in his interest not to understand that rather obvious idea. But he is being deliberately obtuse if he can't see why his toadying and cheerleading is received with hostility.