Sympathy for the Plutocrat
By Nick Hanauer Reuters
It’s great to be what you people are now calling a plutocrat. I know. I am one.
We plutocrats live incredible lives, surrounded by luxury and insulated from risk and discomfort. Things have gone very well for us over the last several years. Since George Bush left office, the stock market has doubled, we got a (sweet!) $700 billion rescue of the financial system, and corporate profits are at a 50-year high. BOOYA!
The growing economic distance between people like me and the little people like you hasn’t been this great in a long, long time. You may call that inequality. We call it freedom. But if things are going to continue to go this well, you people need to get with the program. Here, I’d like to have a frank discussion about that.
It is something of a puzzle to many of you little people why we plutocrats, who have benefitted most from these trends, view President Obama with such intense disdain. Why, you might ask, given how good the economy has been to you plutocrats, are you so maniacally angry?