A survey last year from HNW Inc. found that half of One Percenters don't think they're in the top 1 percent. More than two thirds of them think the wealth gap between the One Percent and the rest is a problem. Still, only a third believed the One Percent should be taxed more.

The lesson here is that the One Percenters are conflicted about their identities and place in our society. And most of us are richer than we think. To use the Michael Jackson line, if the one percenters want change or "more fairness," they might want to start with “the man in the mirror.”

-By CNBC's Robert FrankFollow Robert Frank on Twitter: @robtfrank

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