Politico‘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.