There are many reasons the (formally) middle class might not regard themselves as rich, but the media's obsession with celebrity & the 'rich & famous' likely plays a role:

having moved the public benchmark of richness far rom normal levels of being 'comfortably' well-off, the media have convinced vast numbers of the relatively rich to consider themselves not rich at all... with all sorts of impact on their view of tax & other policies!

#wealth #politics #inequality

h/t Sam Salama/LinkedIn