This is what billionaire and Amazon investor Nick Hanauer writes in an open letter to his billionaire peers.
“I have been rewarded obscenely for my success, with a life that the other 99.99 percent of Americans can’t even imagine. Multiple homes, my own plane, etc., etc. You know what I’m talking about.”
“And what do I see in our future now? I see pitchforks.”
“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. ( … )”
Hanauer also points out one more thing which would be well known to this blog’s readers:
“During the past three decades, compensation for CEOs grew 127 times faster than it did for workers. Since 1950, the CEO-to-worker pay ratio has increased 1,000 percent, and that is not a typo. CEOs used to earn 30 times the median wage; now they rake in 500 times.”
And, as I’ve pointed out earlier: The filthy rich are scared of what people willdo when the fraud and the insane wealth becomes evident for all.