The differences between the 99% and the 1% don’t end with income. An up-close look at the distinctions between the haves and the have-not-so-muches. (Per my last post, pay particular attention to the credit card portion: despite the huge difference in income (average: $51k vs. $717k) and net worth, the average American has more than half of the average 1%’s credit card debt. — Wow.)
The truly important thing to remember is
Money = Power
When wealth becomes concentrated in the hands of a few people, so does power.
1% of the population controlling too much of the wealth is the recipe for a banana republic-style government.
It isn’t that bad here at this point.I’m not optimistic about the future.
BTW “klaus”,if you take a good look at countries that had,as you refer to it,”banana republic”style governments,you’ll find they had traditions of authoritarianism running far back in their histories.