Friday, June 27, 2014

Brilliant Essay On Inequality By A Rational 0.01%er

Just go read Hanauer today, by @DavidOAtkins
Read and share.
"But the problem isn't that we have inequality. Some inequality is intrinsic to any high-functioning capitalist economy. The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France. Before the revolution. And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won't last. If we don't do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind of rising inequality. In fact, there is no example in human history where wealth accumulated like this and the pitchforks didn't eventually come out. You show me a highly unequal society, and I will show you a police state. Or an uprising. There are no counterexamples. None. It's not if, it's when...."

I've long held this view, though I am not a wealthy person.  It is cold logic.  And frankly, I do not want my family and friends trampled by the mob - or becoming the mob - at pitchfork time.  Nor do I wish to live in a police state.  We need to make social changes before it gets to that point, and we are already far along that road.

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