When Being Rich Makes Us Poor, People Should Occupy Wall Street

Posted: 10/10/11 05:35 PM ET

The Very Serious People in Washington are busy trying to find creative ways to cut Social Security and Medicare and take other benefits from middle-class and moderate-income families. The refrain here is that we just can't afford this level of generosity any more.

There are two parts of this story that should drive the rest of us crazy. And it is difficult to determine which one is the more infuriating.

The first is that we know that many people in this country are fabulously rich. And as Elizabeth Warren beautifully reminded us, none of them did it on their own. But Professor Warren is actually far too generous in her account.