General Discussion
Showing Original Post only (View all)The central reason for why many of the wealthiest Americans don't care about inequality [View all]
It is, quite simply, that they have isolated themselves from the rest of the country.
Are the residents of the wealthiest neighborhoods really affected by what goes on in the rest of the U.S.? Are their children, who go to the most elite public or private schools? Are the wealthy affected by economic downturns in the U.S., when they have assets around the globe, in other countries, offshore tax shelters, etc.? Do they suffer when the rest of us suffer? (That's rhetorical, obviously.)
Let's be real...if anything, they have enjoyed considerable gains at the expense of the vast majority of the country, whose standard of living has either stagnated or declined.
I see it here in the SF Bay Area, which is Ground Zero for extreme inequality that would make even the Robber Barons of old blush with embarrassment. They simply don't give a shit about the effect that they have on the region as a whole. "Fuck you, I've got mine" is their guiding philosophy. Pure, unadulterated greed.
This is simply not sustainable, by any measure.