Tuesday, January 2, 2018

Headline of the Year

And generally mood of the year for 2018.

World’s Richest Fear the Poor Will ‘Strike Back’ as They Get Even Richer

Josef Stadler, lead author of the UBS Bank/PwC annual Billionaires Report, told The Guardian that some of his billionaire clients are secretly worrying that the poor may “strike back” if stark economic inequality continues unabated. While the gilded age of the early 20th century eventually came to an end with the advent of organized labor movements and the New Deal, the inequality of the ’10s seems to be skyrocketing with little to no interference from the government or workers.

HMMMMMMMMMMMMMMM I wonder why they're afraid of that. Has there been another point in history where massive wealth hoarding by the rich resulted in violent revolt?

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