Income Inequality is Good for the Economy

A former partner of Mitt Romney at Bain makes the case for inequality:

 

Converting the poor and middle classes to slave labor would be fantastic for the economy as well.

 

War is peace. Freedom is slavery. Ignorance is strength.

 

The evidence that a significant percentage of the American ultra-wealthy are sociopaths, and stupid ones, too, mounts daily. It's not enough to have everything for this guy, he wants people to say, "I wouldn't have anything without you, you big wonderful lug."
I read somewhere else today that there's been an increase in rich U.S. citizens attempting to change their citizenship to Swiss because of tax evasion enforcement. A positive development for the economy at last.

 

Believing what's best for you is best for everyone isn't sociopathic. It's Human Nature 101.

 

Wanting to be thanked and praised for your own self-interest is.

 

The usual suspects at brunch or something?

 

Ragu is going to be posting less here as the book tour kicks up.

 

I'll remember that during the next thread about how underappreciated journalists are.

 

There was a University of Chicago professor a few months ago who made some waves on the Interwebs when he said in an interview that wide income inequality was good for society because it "incentivized" the poor to catch up.

 

Are the comments posted so far in response to the headline, or a reading of the article?

I don't see any actual references to anything he said, or believes.

 

I read it. It's bullshit. Maybe that world existed decades ago, but in these days when trading and derivatives and complex financial instruments are their own end, that world is long gone.

I assume that, like his buddy Mitt, this jackhole has significant money in the Caymans. What's that doing for the U.S. economy?