Roosevelt Institute Senior Fellow Rob Johnson comments on this data
point from Forbes, noting that the social dysfunction caused by this
kind of inequality isn't hitting the wealthy yet. But he says that even
the wealthy are starting to realize that the country can't continue on
this path.I
think increasingly those billionaires and other wealthy people know
that we're on an unstable trajectory, that the system is dysfunctional,
the system's broken, and we are heading towards social conflict. Social
conflict can take the form of more repression, military equipment,
intimidation, incarceration. As you know, the prison population,
particularly black male population, is exploding, and America has a
tremendous eyesore associated with the incarceration of black males. But
there is a sense in which if you have wealth or if you have the
knowledge to create wealth, say, like an engineer at Apple Computer,
you've got to be scared that it isn't going to go on, you're not going
to be able to reap the fruits of your talents and your wealth unless we
adjust course. I think wealthy people have to change course now. It's
not sustainable.
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