Why The Rich Are Freaking Out

Dollar symbol goldPolitico‘s Ben White tells us that the 1%, the super wealthy elite, are having a collective meltdown at the prospect of less favorable attitudes and laws targeting them:

The co-founder of one the nation’s oldest venture capital firms fears a possible genocide against the wealthy. Residents of Manhattan’s tony Upper East Side say the progressive mayor didn’t plow their streets as a form of frosty revenge. And the co-founder of Home Depot recently warned the Pope to pipe down about economic inequality.

The nation’s wealthiest, denizens of the loftiest slice of the 1 percent, appear to be having a collective meltdown.

Economists, advisers to the wealthy and the wealthy themselves describe a deep-seated anxiety that the national — and even global — mood is turning against the super-rich in ways that ultimately could prove dangerous and hard to control.

President Barack Obama and the Democrats have pivoted to income inequality ahead of the midterm elections. Pope Francis has strongly warned against the dangers of wealth concentration. And all of this follows the rise of the Occupy movement in 2011 and a bout of bank-bashing populism in the tea party.

The collective result, according to one member of the 1 percent, is a fear that the rich are in deep, deep trouble. Maybe not today but soon.

“You have a bunch of people who see conspiracies everywhere and believe that this inequality issue will quickly turn into serious class warfare,” said this person, who asked not to be identified by name so as not to anger any wealthy friends. “They don’t believe inequality is bad and believe the only way to deal with it is to allow entrepreneurs to have even fewer shackles.”

And so the rich are lashing out.

In the latest example, Thomas Perkins, co-founder of legendary Silicon Valley venture capital firm Kleiner Perkins, wrote a letter to The Wall Street Journal over the weekend comparing Nazi Germany’s persecution and mass murder of Jews to “the progressive war on the American one percent, namely the ‘rich.’”

He went on to say he feared a progressive “Kristallnacht,” referring to the 1938 German pogrom in which nearly 100 Jews were killed and more than 30,000 arrested, a dark omen of the murder of 6 million that would follow.

People, to put it mildly, went nuts…

[continues at Politico]


Majestic is gadfly emeritus.

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63 Comments on "Why The Rich Are Freaking Out"

  1. emperorreagan | Jan 30, 2014 at 4:05 pm |

    I like the proposal Thomas Perkins made. I volunteer to set him on fire and dance a little jig while he burns.

  2. Anarchy Pony | Jan 30, 2014 at 4:17 pm |

    Who’d have thought a bunch of out of touch greed-heads who became wealthy expropriating the surplus value of the labor of others might eventually face backlash?

  3. Gjallarbru | Jan 30, 2014 at 4:33 pm |

    On the question of inequality, is not obvious that the super-rich have been broadsided by their own shortsighted ambitions. From where do they think their money comes from, it not from the uninformed conscent of the the masses?

    It is the masses that produce, it is the masses that consumes, it is the masses that maintain the very system that has created the rich. Just as kings have fallen in the past for being less then desireable rules, so will they. When the people tire of their masters, there are no laws, not enough soldiers nor bullets to stop the whole of the people.

    They have angered the middle class and the poor, now let them fear. They have made too much, and given too little. The concept is not new, and for those inclined, just look at the rune poems for the rune Fehu to see how old this is. The rich have caused the strife the poems warn about. They have invoqued a very old archetype, that has bitten the hoarders time and time again.

    Equality is not about hating the rich, it is about things needing to flow in this world. When you hoard too much, the flow forces itself onto you, and the how is merely academic.

    • Obama’s job is done, considering he’s part of the 1%, it’s funny that he’s preaching on income inequality yet I doubt he’ll give up any of his wealth anytime soon.

      • Clinton’s wealth increased quite a bit after he left the White House, and of course, there’s his control of the ‘non-profit’ The Clinton Foundation assets. (as in post-White House political payoffs)

        Sounds to me like the future Obama is planning.

    • mannyfurious | Jan 30, 2014 at 6:49 pm |

      They just continually fail to recognize how dependent and interconnected they are to the rest of society and the world. I recently got into a discussion with a friend of a friend who spent the entire time telling me that he wasn’t a part of a group, at all, and so he held no responsibility to anyone but himself. He’s not even a 1-percenter, but he’s as dumb as one. When I brought up that he was part of a family, of a community, of a county, of a state, of a country, he denied all of it. He flatly denied he was a member of any group. If you can’t even recognize that you’re part of something, how can you even begin to recognize how you both influence and depend on that something? You can’t, and so you continue on, deaf, blind and dumb, which isn’t actually a big deal unless you have the money, power and resources to affect those very groups you deny being a part of.

      • Gjallarbru | Jan 30, 2014 at 7:00 pm |

        Exactly! We are all interconnected, hence if you hoard greedily, you’re cloggin’ the pipes.

        • mannyfurious | Jan 30, 2014 at 7:36 pm |

          The best metaphor I’ve heard about economics is that money is the blood of a society and the more freely it flows, the healthier that society is. When it is horded and “clogged” that’s when your country stops functioning.

          • The only purpose of money is to be spent. Even when saved, the purpose is to have some to spend later when needed.

          • mannyfurious | Jan 30, 2014 at 8:28 pm |

            Yeah. Certainly, most (if not all) of our economic problems stem from the fact that most of us have forgotten what money really means. Money in and of itself is worthless. It’s value lies in what it represents. Instead of trying to barter all the time, money was a good way to represent value, whether of labor or of goods. But now people believe money is valuable in itself and that’s stupid.

          • Rhoid Rager | Jan 30, 2014 at 8:05 pm |

            but it’s been hoarded for a long, long time. 100s of years. possibly 1000s. i’ve brought a thermodynamic view in to explain it–consider money as energy flow (this is even more plausible since we have a petrodollar, imo); thermodynamics holds that (heat) energy tends to distribute evenly overtime (entropy) because statistically it is less likely that it will concentrate in one area. A hot cup of coffee gradually reaches the same temp as the room. The only way (heat) energy can concentrate in one area is by using more energy to push heat into it. This is what we refer to as governance. So, you can consider governments as just massive heat pumps to concentrate the flow of energy into specific areas–aka ponzi schemes.

          • Gjallarbru | Jan 30, 2014 at 8:11 pm |

            Under their current forms, you are entirely correct.

            So the question is, can we repurpose the pumps? We have seen a number of systems fail, and now capitalism as well. Can we come up with a new system, a new organisation of human society which can compensate for the shortcomings of prior economic systems?

          • Rhoid Rager | Jan 30, 2014 at 8:41 pm |

            Society isn’t something that can be encapsulated by a design, i believe. society exists regardless, because society is what was required for individuals such as ourselves to evolve the mental capacity to articulate opinions about society. in academic jargon, society is the ontological primary. the individual nature of social design is an illusion. Human individuals can no more design a society than buffalo individuals can design their herd. There have been crafty attempts, but the basis for those attempts are not what we believe them to be. Specifically, we believe the government (the state, more generally) pushes society into a particular mould through coercion and inducements, but this is the sleight of hand. Government always requires consent so coercion and inducements are, if we want to be consistent with the fact that we always have a choice, illusions. The real surreptitious design apparatus is interest-based money. The craftiness of it comes from the use of each individual’s capacity to think in the abstract–what can this piece of paper get me? The ubiquity of its use is what gives the designers power. This design tool has been enabled through unabated economic growth (the false promise of continuing prosperity) which has been empowered through the fossil fuel energy subsidy (specifically oil) our species has enjoyed for over 170 years.

            But it’s only an attempt at design. It has only worked temporarily (hence the title of this article), and now people are waking up to how destructive the attempt at design has been. We have to accept that we’re living a heuristic era. We can’t do anything as individuals to change the flow of society. The most we can do is ascertain the trends and try to stay ahead of them. Blaming the rich doesn’t directly fix our problems (even if hanging a few from lampposts is a temporarily emotional catharsis). However, educating people about how society has come to this point is crucial, imo. It’s a matter of affecting real change by attempting to rewrite the operating system (as McKenna referred to culture) so future generations don’t fall for the same old tricks of usury and ceding their own agency to illusory allegiances like churchs and states. At least that’s what i’m teaching my kids anyway…

          • Gjallarbru | Jan 30, 2014 at 8:53 pm |

            I’m not sure I like being compared to a buffalo, as we are certainly more crafty than a buffalo. But then, your analogy still works in a way. Buffalos will never have a heard built / designed contrary to their natural state. We, as humans (aside from a few rare tribes), have managed to build a societety contrary to our natural state, like a society that places profit over a clean environment. Our natural state would require a clean world, to live in and eat from. Yet we didn’t do just “different”, we went entirely the other way and massively polluted our world. The buffalo wouldn’t do that…

            In other words, do I understand that you suggest that we should go with a more organic organisation, so as to avoid contrivances? I like the idea, but our numbers are also somewhat “unnatural”, requiring some planning. So what am I missing, how can we avoid our current illusion?

          • Rhoid Rager | Jan 30, 2014 at 9:25 pm |

            i suggest that we can’t understand organic structure well enough to design an organic structure. everything is completely out of our kontrol. stay ahead of the trends, is all i’m saying.

          • Calypso_1 | Jan 30, 2014 at 10:15 pm |

            I think we understand enough to create the structure but would not be able to implement it within the command and control architecture of capitalistic models.

          • Rhoid Rager | Jan 30, 2014 at 10:58 pm |

            I think our perceived scope of action has been skewed over the past hundred years through the advent of fossil fuel technology. mechanical advantage has enabled exaggerated praxis, and epistemology has altered as a consequence–in other words, the scope of knowing what we can actually do as individuals has been artificially widened to the point that structural design has been incorporated into our thinking. whatever morbidly obese, throbbing, sweaty, pustulent mass is at the centre of the issuance of interest-bearing money has likely anticipated this trend and taken advantage of the emergent economic structure that arose through the use of said money. All it took was a push in the right direction and the ball started rolling.

            It’s a systems theory understanding, replete with the epistemological handholds of momentum and thermodynamics, but it’s only my simple way of accounting for the misery i see unfolding. One would take greater solace in gardening and animal husbandry.

          • mannyfurious | Jan 30, 2014 at 8:25 pm |

            I agree with all of this. However, there have been times when that hoarding was lessened to some degree, and when that happens, the health of a country increases. The infrastructure of the U.S. post WWII was the strongest, most well-kept infrastructure possibly in all of mankind… and it was largely due to relatively high taxation of the wealthy.

            When forced into a corner, I will consider myself an “Anarchist” and I don’t really believe in “big” government. But when I say I’m part of a “country” I’m not speaking of the government. I’m speaking of the larger community. Again, the definition of that “larger community” is somewhat arbitrary, but I think based on language, culture, familial relations, shared monoculture, shared economy, these like that (not a perfect definition by any means, but I’m trying). Regardless of how I feel about my government, I’m still part of that larger idea of the “United States of America” and am molded by all the aspects of that idea.

          • OOH Multiscale analogies. No: energy is like chi and it is created through the collective spirit in —
            okay nevermind i don’t know enough about money or chi to make that one work. Maybe quantum physics impact on the probability of me hitting the nail or my thumb while using a hammer? i dunno…

            But really i wonder how many analogies we can make of complex flow of a innumerable number of tiny “insignificant” events as they impact multitudes of orders of magnitude higher than those events. grasping that problem has implications in many fields and may well be by definition incalculable.
            sometimes i hate being a fractalphile.

          • I’ve heard a good one that likens it to shit. When it piles up in one place, it’s useless and becomes toxic. But when you spread it around, you fertilize the field and make things grow.

      • Rhoid Rager | Jan 30, 2014 at 7:58 pm |

        family, group of friends, community (county) membership is normal; state/province/prefecture membership is tenuous and ought to be much more democratic; countries, however, are ponzi schemes. allegiance to, loyalty for or responsibility towards countries is gravely mistaken, imo.

        • mannyfurious | Jan 30, 2014 at 8:20 pm |

          As much as I’d like to agree with you wholly, I don’t think it’s that simple. Where do we draw lines on what is “normal” or natural grouping and what is “tenuous” and what is outright false?

          I agree that my country, in particular, is just a ponzi scheme. But it’s a scheme that I’m still a part of and which has helped mold me. Whatever I “have” is partially due to that ponzi scheme, and not all the members of the scheme are profiting from it. They’re in the same boat I am. How can I affect the scheme so that it works better for more people?

          • Rhoid Rager | Jan 30, 2014 at 9:22 pm |

            It’s part of the heuristics in this era, i believe, that make letting go of such allegiances important. i suppose it’s slightly easier for me, since i am a foreigner in my country of residence, but having a perspective on a different culture and language puts my own (kanadian) cultural and linguistic heritage under the microscope. when i spot the commonalities between the people in this kountry and kanada, i begin to feel out what seems normal and what is tenuous. it’s my own heuristic.

          • mannyfurious | Jan 31, 2014 at 1:13 pm |

            I agree. Although I would argue that I’m not promoting “allegiance” per se. Or, at least I hope not….

  4. American Cannibal | Jan 30, 2014 at 4:34 pm |

    Bring the Noize when we run upon them…

  5. American Cannibal | Jan 30, 2014 at 4:35 pm |

    The French Aristocracy didn’t see it coming either.

    • Gjallarbru | Jan 30, 2014 at 4:36 pm |

      Not sure the English crown saw the United-States coming either.

      • American Cannibal | Jan 30, 2014 at 4:40 pm |

        The 1% never learns…

        • Gjallarbru | Jan 30, 2014 at 4:44 pm |

          Indeed, like an addict to his favorite drug. The 1% keeps coming back for more!

          • We keep eating at their trough. Why would they stop?

          • Virtually Yours | Jan 31, 2014 at 12:12 am |

            Addiction is a form of mental illness, as is hoarding. These individuals are not well. Their neural pathways have been thoroughly rewired. This is not a justification for their actions but it is an explanation, however unsatisfying.

  6. How do you people think the 1% got to be the 1%? You applied for work at their businesses, You got loans at their banks to purchase your cars/homes, you applied for their credit cards so you could buy widescreen led TV’s, iPhones, Droid phones, entertainment systems, you got a computer system with their OS bundles. You want to punish the 1%? Stop working for them, stop buying their stuff, stop using their products, start growing/hunting your own food, make your own clothes/shoes.

    • Steve Stark | Jan 30, 2014 at 6:00 pm |

      How did they get to be the 1%? Well, some stole a lot of land years ago and have been milking it ever since. Others did it by refusing to pay people proper wages (tantamount to slavery) and then getting the rest of the population to make up the difference through taxes via corporate welfare and all the other tax relief and tax dodging policies put in place by the politicians they had bought. While others still were just outright stealing and swindling or getting massive bail outs (via the political decisions by their bought politicians) when their businesses went tits up.

      • Chugs Rodiguez | Feb 2, 2014 at 9:37 pm |

        how did the 1% do it. Like Steve just said most of it was via inheritance but in absolute terms they did it at the cost of environment.

        If industry was forced to pay the true cost of what the items they produced (from computers, plastic toys, mining equipment, planes and weapons) the true cost would be dozens of times higher.

        Imagine if the producers of the hundreds of millions of CRT monitors wasting at dumps, polluting our lands with lead and such, were forced to break them back down into their primary materials. Instead of paying $200 for a CRT you’d be forced to pay thousands.

        The entire world has offloaded the true cost “things” onto the biosphere. The 1% became rich because of how they successfully moved the real cost of things away from themselves onto everyone/the planet.

        The big disconnect for me is that at present these 1% live on the same planet as us. When the collapse comes (as it will one day) where do they expect to go?

        Unless they know something we don’t, something that would say hence why they’re happy to pollute and destroy it to the extent they are.

    • nicholas p. | Jan 30, 2014 at 8:27 pm |

      i honestly think that in this day and age that is not going to work. all you do by going off the grid is putting a big red beacon on your ass. you have to work like cancer from within the snake. it is not as simple as cutting the head off anymore.

  7. “Economists, advisers to the wealthy and the wealthy themselves describe a deep-seated anxiety that the national — and even global — mood is turning against the super-rich in ways that ultimately could prove dangerous and hard to control.”
    Fucking good!!!
    We’re sharpening our pitch forks and getting those torches ready, beeahtches!

  8. trompe l'oiel | Jan 30, 2014 at 6:23 pm |

    The vultures are gathering, maybe if they beg for forgiveness and decide to compromise things don’t have to get crazy.

  9. DrDavidKelly | Jan 30, 2014 at 6:59 pm |

    It’s only natural. When you live in a war torn country where your life is at risk you worry about staying alive, feeding your family etc. When you have got the colours just right for the drawing room and a complete collection of Ferraris from 1963 through to 2005 you worry about taxation and wage increases to the many employees. You are annoyed that the tag on your Armani polo vest scratches the back of your neck. You are concerned about the big old oak tree in the southern garden that might just have to be removed. Ahh the memories of playing capitalists and Indians under its huge leafy arms. What would life be without worries? Big and small.

  10. Basic thesis here is that concentrated wealth leads to concentrated-centralized decisionmaking by elites who can’t know what’s going on at the edges regardless of what they spend on NSA and Fusion Centers.

    Why Concentrated Wealth Breaks Markets
    SNAFU principle relevant, too

    IMO, real reason for elite terror? Even they know that their own fuckups in terms of stupid, shortsighted resource allocation not only endanger the masses (for them, NBD), but their kids and maybe even themselves. Discussion started on this (Turchin article in Bloomberg) in media a few weeks ago, it’s the leading topic at Davos.

    Of course, the WEF angle is for elites, how to skip out on paying the bill for their mistakes and leave it with us.

    The only way they get off the hook is to start coughing up their own bucks towards infrastructure and social stability and ecosphere stability while they can still pay the bill in cash. Their alternative? Keep partying like it’s 1789.

  11. I think a nice history lesson might be in order for them. After all…those pesky French didn’t start lopping off heads because their jobs didn’t pay enough to support lavish lifestyles of waste and comfort…

    …they were killing mad from starving to death while grubbing day in and out for scraps and pennies while the elites rolled over them with carriages.

    Which is pretty much how the Russians felt about it at the turn of the previous century as well. When all the capital concentrates at the top and refuses to budge on its own…people will make it budge. You can starve them, jail them, butcher them and defame them as savages…but its survival instincts not ideologies that turn them into a raging horde.

    So heres the deal: the upper crust can get on board, hire people at livable wages, expand business, and empower consumers to be fellow capitalists with a vestment in society as equals…

    …or they can cling to every last penny and keep hiring bully boys and politicians to bash and smash the peasants down until the inevitable revolutionary bloodbath leaves the late stragglers who didn’t flee fast enough turning into guillotine fodder.

    The balls is in their court….I’m happy with whatever they decide. (How do you build a tumbrel anyway…anyone got schematics for them…cuz I was thinking building a few might be a hot idea now rather than later.)

    • I like the cut of your jib, sir;)

      • Well I’d hate to get all set for a beheading and have nothing to cart the pigs through the street with. If you let them walk, the crowds they used to butcher and belittle will kill them before you ever get them to the execution site…and that’s no fun for anyone.

        • Rey d'Tutto | Feb 1, 2014 at 3:09 am |

          Definitely don’t wanna half-ass those executions. Embarrassed forever in posterity, cause you couldn’t get the condemned to the gallows without the crowd ripping them to pieces…

    • Win at the game of impoverishing one’s nation and pocketing the proceeds depends on knowing when it’s time to bug out in time to make sure one’s wealth escapes first. That once meant bags of gold on loaded animal-drawn carts. (this has been going on for a very long time)

      When the whole world can be considered a single society run by a transnational elite out of its depth, and the same signs of disaster are following the same misallocations of wealth all over the world, just where does a .001er bug out to?

      Elon Musk talking about heading to Mars… is that far enough?

  12. Jonas Planck | Jan 30, 2014 at 10:01 pm |

    Classic example of a self-fulfilling prophecy: All this current push towards tyranny we’re experiencing in all aspects of culture may well be the result of the paranoia of a handful of well-connected men… not realizing that their fear of populist revolt led them to take steps which sow the seeds of such revolt, they seem oblivious to the resentment that their attitude fosters. Like the young Buddha, unaware that there exist such things as suffering, anger, and despair, they naively persist in heaping insult upon abuse, taking ever more, ever larger chunks of what was once public property without even realizing that they are doing anything wrong at all, because they exist in an insular world where the consequences of their actions are forever hidden from view. When those consequences do become visible, they naturally assume that it must be the fault of those affected, since after all, THEY deserve their affluence, so the poor must therefore deserve their poverty! Perhaps they do not understand that sometimes the universe deals shitty cards, since so many of them were born with a natural royal flush… or perhaps they simply reject the responsibility that comes with power… either way, they refuse to see their part in it, and this is revealed by the way they simply don’t understand why they are so hated by so many.
    Or, maybe I’m completely wrong, and this is all a DELIBERATE ploy to foment populist rebellion, since they’ve become incredibly bored in their wealth, and want to hunt peasants for sport with all the high-tech weaponry and psychological warfare tactics they’ve helped to develop. I’m not sure I’m cynical enough to think that a human being could actually BE so monstrous… After all, even Hitler thought he was doing the world a favor and striving towards Utopia. Sure, he was crazy as sleeves on a snake, but even when his failure to achieve his dark utopia was undeniable, and the Red Army was at his door, he refused to take responsibility, infamously saying, “The German people have failed me!”
    But it cannot be denied that the seeds of revolt are being sown with each new passing measure, with each new trade agreement, with every price increase, every new sacrifice asked of the people, every hollow appeal to the divine power of capitalism, with every new lie, and with each disingenuous complaint of imaginary injustices committed against those whom justice always favors. If it ever does reach boiling point and come to War, they will still be in total denial that they contributed to the circumstances that caused it in the first place, choosing instead to believe (like Ayn Rand) that the poor are inherently evil and envious, that they are blameless, and this class war that they fed, nurtured, and raised to maturity just PROVES that!

    • Jonas Planck | Jan 30, 2014 at 10:23 pm |

      I should probably note as an addendum, I don’t believe the rich are inherently evil any more or less than the poor are inherently evil, but my favorite statistic of all time is this: ~60% of all near-death experiences involve “Hell,” while ~40% involve “Heaven.” If this is any indication of the distribution of good and evil among the human race, then the good guys are outnumbered by design. An interesting side note to that: Children who are brought back from the brink of death ALWAYS report having been to some form of Heaven. I don’t have any data on the financial class of those who have experienced such visions, but I doubt material wealth would have much bearing on a soul’s burden of guilt, unless it was the raison d’être of the soul in question, at the expense of all else.

      • Chugs Rodiguez | Feb 2, 2014 at 9:28 pm |

        rich people are poor people with money

        • Jonas Planck | Feb 3, 2014 at 3:26 am |

          It is the duty of the poor to remind the rich that the rich can’t afford any of those things money can’t buy… Things such as love, trust, credibility, respect, honor, and the benefit of the doubt. All those things must be EARNED, not bought.

          • Chugs Rodiguez | Feb 3, 2014 at 5:11 pm |

            We lie and cheat our way through life with or without money not realizing that we are in an asylum and the rich, the doctors, are using a battery of drugs, violence, television and structure (peer group dynamics) to keep us sated, obedient and productive.

            Every now and then a patient is made a doctor but for the most part the doctors, orderlies, nurses, and the saniest patients are used to keep us in line.

            Just like a mad house nothing makes sense. The violence, the use of patient against patient, using peer group dynamics, bigotry, religion and drugs to keep us in front of the television and making sweatshop bullshit (seriously hundreds of millions of people making useless shit that ends up in landfill).

            Some of us a lucky. We move paper from one room to another and we are told this is productive. We wear a different uniform to the

  13. In a subsistence economy, the luxuries are lost first. When the outskirts of most major American cities start looking like the shantytowns of Rio or Mexico City or Manila…and the residents can’t pay a cable bill or a gas and sewer hook up, much less the price of an Xbox or a PC…then…then we’re gonna see some real sh*t hit the fan!

    • sonicbphuct | Jan 31, 2014 at 9:57 pm |

      its what happens when old money doesn’t mentor new money… the new money are surprised by the starving at their gates. Old money learned you don’t give them cake.

    • Chugs Rodiguez | Feb 2, 2014 at 9:31 pm |

      @vox – i thought they’re already looking like Shantytowns.

      The drive from JFK to Manhattan in 2006 was an utter shock. Run down housing, rusting services and corrugated iron patches, roads falling apart and filled with pot holes. I thought i was in Manila.

      • I get the same feeling driving through the edge of Detroit. I only ever saw devastation like that in photos of war zones or in docus of Eastern Europe after Communism fell and the Soviets pulled out. No fiction could be scarier than the reality outside our windows.

  14. As long as there are brain dead and/or amoral military and law enforcement personnel who serve and protect the .01%, the mega-rich have nothing to worry about, and they know it. This could change at some point in time, however, and the mega-rich also know this. If the power elite weren’t worried about us to some degree, they wouldn’t spend billions on propagandizing us, dumbing us down, militarizing the police and investing in drones and killer robots.

  15. Toggle Switch | Jan 31, 2014 at 7:17 am |

    …..the wealthy are scared….boo-hoo!
    More evidence that the rich don’t understand the consequences of their rampant greed on the rest of society. They have created the conditions that gives rise to the need to restore balance to the system. It’s a clear example of the line “let them eat cake” when Marie Antoinette was supposedly informed that the poor couldn’t afford bread. Her remark shows clearly, the attitude of the wealthy toward the poor. We don’t want cake. We want a system that works to the benefit of all citizens…not just the ones with too much money. You’re either part of the problem or part of the solution. Time to choose…money bags!

  16. Liam_McGonagle | Jan 31, 2014 at 9:25 am |

    I loved the part that quoted a trust fund brat confusing himself for an entrepreneur.
    That’s like a guy farting and claiming he invented methane.

  17. It certainly is used that way at the present, but the game rules could be changed, as could a person’s consciousness and use of it. The tool doesn’t have to be the master.

  18. gustave courbet | Jan 31, 2014 at 2:52 pm |

    From the article: “Life is hard enough, and I think this constant lecturing on ethics and on integrity by many stakeholders is probably the most frustrating part of the equation. Because I don’t think there are many people who are perfect,” Sergio Ermotti, chief executive of UBS AG, told The Wall Street Journal. “We are far from being perfect … but it’s not going to be very helpful to be constantly bashing banks.” You would think these guys could afford PR lackeys that would keep them away from open mikes and ensure that they don’t say such things is public. It speaks volumes that they don’t even realize that what they’re saying is unhinged.

  19. marvin nubwaxer | Jan 31, 2014 at 3:11 pm |

    sounds like the poor rich people have mental disorders similar to anorexia or bulimia. they look in the mirror and see themselves in rags and a cup in their hands to collect the money they will need to beg for in order in order to pay for their caviar and champagne.

  20. I think Perkins has good reason to be worried but his historical comparison is way off. He should be thinking of France in the 1780’s, not Germany in the 1930’s. Also, genocide is the (attempted) extermination of a specific ethnic group, not rich people.
    Lynching Wall Street bankers would be more akin to regicide.

  21. Mu Geistlicht | Feb 2, 2014 at 12:56 pm |

    Awwww, how cute! The oppressors feeling utterly oppressed because nobody likes them any more! <3

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