>will seek out easier targets who look/sound different (muslims, immigrants, jews, gays, people of color, etc.)
We assume the 1% is white, christian and male, but is it? And insofar as it isn't, I think it's unlikely that scapegoats will be picked in the traditional (e.g. racist) way. One non-racial scapegoat category be criminals -- the right is already successful scapegoating illegal immigrants for a remarkable variety of issues.