Tag Archive for Class Warfare

The Rise and Fall of the Venetian Oligarchy

In November of 2006, Warren Buffett sat down with Ben Stein to discuss the U.S. tax code and how much the rich pay as a percentage of what they can afford to pay. “There’s class warfare, all right,” he said, “But it’s my class, the rich class, that’s making war, and we’re winning.”

Almost six years later, the divide between the rich and poor—actually between the top 10 percent and the rest of the country—is greater than it has ever been. Take a look at Chrystia Freeland’s latest op-ed, in which she draws similarities between the 14th-16th century Venetian oligarchy and the rise of a new, global class of super-rich individuals, and share your thoughts below.

It is no accident that in America today the gap between the very rich and everyone else is wider than at any time since the Gilded Age. Now, as then, the titans are seeking an even greater political voice to match their economic power. Now, as then, the inevitable danger is that they will confuse their own self-interest with the common good. The irony of the political rise of the plutocrats is that, like Venice’s oligarchs, they threaten the system that created them.

From The New York Times

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Republican Senator Jon Kyl insists that rich ‘Michael Jordans’ will rebuild our domestic economy.

‘Job creators’ have the opportunity to make huge profits here in the U.S., but they are keeping literally TRILLIONS of dollars in tax havens overseas. Still, Republican Senator Jon Kyl insists that rich ‘Michael Jordans’ will rebuild our domestic economy.

From The Huffington Post

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