Sunday, May 10, 2015

"The pitchforks ARE coming" - A billionaire warns his fellow Oligarchs what is coming down the pipe

Multi-millionaire Nick Hanauer is no dummy. He sees the writing on the wall.
I'd strongly suggest you read this entire piece titled "The pitchforks are coming . . . for us Plutocrats"
And what do I see in our future now? I see pitchforks.

At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. The divide between the haves and have-nots is getting worse really, really fast. In 1980, the top 1 percent controlled about 8 percent of U.S. national income. The bottom 50 percent shared about 18 percent. Today the top 1 percent share about 20 percent; the bottom 50 percent, just 12 percent.

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.
Read more: http://www.politico.com/...
  I remember hearing a phrase during Occupy, "If you won't let us dream we won't let you sleep". What happens when real opportunity for everyone below $100k evaporates entirely? What happens when people can't find decent paying jobs that they can afford to live on? What happens when people have had enough?

   I don't want things to get that bad. I have often tried my best to get out in front of the problem before it gets worse. I don't have the resources or clout to be heard, my lack of money as speech prevents that, but Nick Hanauer does, and he is spelling it out for his uber-rich compatriots, cut the shit out before you unleash all hell on yourselves.  READ MORE

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