Forbes.com: The Rise And Fears Of The New EliteQuicklink submitted By Scott Baker Permalink
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|The new "us versus them" is not like the racism of colonial times. This is starkly different. It's the 99% versus the 1%, and the 1% is worried, according to a study released this week by Knight Frank and Citi Private Bank. They're not afraid of fiction becoming reality. It rarely ever does to an exact extent. But what worries them is the fact that creeping social inequality, on the rise in the U.S. as much as it is in booming Asia, will have people pressuring their governments to regulate and tax the rich. They might even be successful at it.
Call it "democracy for the few", the rich are rising in numbers and getting their way. By many accounts, they live in an Earthly greenzone, sometimes above the law, almost always above financial crises.