The realness of this post is on point. I completely agree with you! There is there is this misunderstanding on what the term 1% means, its all relative. Most people think 1% means these super-rich people who are CEOs, have family wealth or are investors or superstars but its not the case.
Many of America's middle class are in fact one percenter and do not realise it, they squander their wealth on items that do not generate wealth and they're forced to work because they overextended to themselves when they could have lived comfortably but the desire for more material positions has put them into a cycle of debt.
I'm from South Africa and if I could earn even half of what the average middle-class salary in the US is, I would be living so comfortably and could travel and even retire early.
What we need is to educate people on how to better use their resources and not fall for the trap of mass consumerism, if we can do that we will have more people with enough wealth that can be put to good use like giving to charity and giving the next generation a better education and future and thought that will we reduce poverty.