Grasping Reality on TypePad, by Brad DeLong

Nick Hanauer: The Pitchforks Are Coming… For Us Plutocrats: "The most ironic thing about rising inequality...

...is how completely unnecessary and self-defeating it is. If we do something about it, if we adjust our policies in the way that, say, Franklin D. Roosevelt did during the Great Depression—so that we help the 99 percent and preempt the revolutionaries and crazies, the ones with the pitchforks—that will be the best thing possible for us rich folks, too. It’s not just that we’ll escape with our lives; it’s that we’ll most certainly get even richer...