The cultural ties that bind the super-rich to everyone else are fraying from both ends at once. Since World War II, the United States in particular has had an ethos of aspirational capitalism. As Soros told me, “It is easier to be rich in America than in Europe, because Europeans envy the billionaire, but Americans hope to emulate him.” But as the wealth gap has grown wider, and the rich have appeared to benefit disproportionately from government bailouts, that admiration has begun to sour.
The Rise of the New Global Elite - Magazine - The Atlantic
Yeah – these guys deserve some credit, good ideas and the follow through and hard work gave them some cash. However, I have a hard time believing that some of it is merely situational. There but for the grace of whatever god you believe in goes the peasant.
We have too look out for ourselves, as group we can take care of each other – No. 1 support alternative energy, No. 2 build up your wealth.
My PBW holdings did well today. However, my precious silver is taking a beating.
Tis OK – just get load up on more for cheaper.
You know, maybe – if I play my cards right, they’ll let me be an American.
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