The premise hits the wall in the second sentence, with the use of the word "take." It shows the leftist view of wealth as some kind of natural resource that some people "take" more than their fair share of.

1 percent of Americans is 3 million people, Eri. They currently pay 28 percent of all Federal taxes, including 40 percent of income taxes and 57 percent of corporate taxes. Twenty-five years ago those numbers were 15, 25, and 43 percent respectively. You know, taxes? The stuff that goes to pay for "common needs" and "government investments?"

This is populism for the gullible, and the Democrats are apparently going to run with it. "These people have 'our' money. Put us in power and we'll take it from them and give it to you."

Stiglitz is counting on his audience being ignorant of most of the facts and letting emotional words roll over their brains like beads of mercury on a bowling ball.

You might want to check out the German economic propaganda of the late 1930s. See if anything looks familiar.

By the way, I didn't see anything in the Declaration that says "whereas somebody has more money than I do, I get to loot it from them and do what I want with it." Go through that list of complaints in the Declaration. The entire thing is about abuse of State power.