The widening chasm between rich and poor may well threaten our democracy. Yet if that banker’s lament staggers your brain as it did mine, you’re on your way to seeing why America’s income gap is arguably less likely to spark a retro fight between proletarians and capitalists than a war between what I call the “lower upper class” and the ultrarich.
Perhaps its sour grapes (actually it definitely is). But this Forunes Article: Today’s lower upper class is seething about the ultrawealthy. rings so true to me.
The largest “sequential” income gap is no longer between the poor and the middle class . . . its between the rich and the ultra rich . . . no only that its the somewhat rich that has the will and the (comparable) resources to lead a revolution. Perhaps its even easier to remember that historically revolutions are most often enabled by the proletariat but LEAD by a coeterie of somewhat rich & up-and-coming men desperately attempting to overthrow the top .5% (of wealth and of power).
But the hopes and dreams of today’s educated class are based on the idea that market capitalism is a meritocracy. The unreachable success of the superrich shreds those dreams.
“I’ve seen it in my research,” says pollster Doug Schoen, who counsels Michael Bloomberg and Hillary Clinton, among others. “If you look at the lower part of the upper class or the upper part of the upper middle class, there’s a great deal of frustration. These are people who assumed that their hard work and conventional ’success’ would leave them with no worries. It’s the type of rumbling that could lead to political volatility.”
Political volatility? Perhaps not political volatility but a changing of guards . . . with republicans representing the ultra rich and privledged . . . democrats needs to recognized the power, spend, and will of the somewhat rich . . . its about time ?
If people no smarter or better than you are making ten or 50 or 100 million dollars in a single year while you’re working yourself ragged to earn a million or two - or, God forbid, $400,000 - then something must be wrong.
eeks. . . I guess I dont even qualify to be bitching
. . . I better fall in line and join the labor party instead




