Monday, September 19, 2011

Class Warfare and a Shrinking Economic Pie

"If there has been class warfare, My class won" (Warren Buffet)

I disagree with his conclusion. Buffet's class got more than its share
of the pie, but the overall size of the pie is shrinking. In absolute
terms, both classes are losing; Buffet's class is just losing at a
slower rate than ours.

Also, the entire pie is shrinking precisely because the rich class
has been preying on the rest of us for the past three decades. Like
termites, they've eaten away at America's economic foundation to the
point where the whole economy is at risk of collapse.

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