There is a great article by the always interesting William Voegeli in the most recent issue of Commentary. I prefer mine on dead tree but you can read it here. Essentially, Voegeli examines the lack of ardor for soaking CEOs and hedge fund managers on the part of the middle class that so puzzles academics and journalists and other members of the chattering classes. To extend the conundrum, why do the great unwashed seem to be susceptible to attacks on the government which can benefit them so?
Voegeli suggests that it has something to do with who you know and who you consider to be peers. The average guy doesn't know a rich CEO or hedge fund manager (they are exceedingly thin on the ground)so doesn't much care what they make or how they live. He does know teachers and cops who seem very comparable to him but relatively better off.
On the other hand, columnists and professors all know the average student back at Princeton who did nothing but chase girls and drink beer. The buffoon now makes twenty times what they do. That must not stand.
Sure there's more to be said, but it's an interesting observation.