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Forbes.com: The Rise And Fears Of The New Elite

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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.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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