Why the rich are freaking out

[Joe Shlabotnik]

snip...

The nation’s wealthiest, denizens of the loftiest slice of the 1 percent, appear to be having a collective meltdown. Economists, advisers to the wealthy and the wealthy themselves describe a deep-seated anxiety that the national — and even global — mood is turning against the super-rich in ways that ultimately could prove dangerous and hard to control.

President Barack Obama and the Democrats have pivoted to income inequality ahead of the midterm elections. Pope Francis has strongly warned against the dangers of wealth concentration. And all of this follows the rise of the Occupy movement in 2011 and a bout of bank-bashing populism in the tea party.

The collective result, according to one member of the 1 percent, is a fear that the rich are in deep, deep trouble. Maybe not today but soon.

“You have a bunch of people who see conspiracies everywhere and believe that this inequality issue will quickly turn into serious class warfare, they don’t believe inequality is bad and believe the only way to deal with it is to allow entrepreneurs to have even fewer shackles.”

snip...

“I think that with Occupy Wall Street there was a sense of the heat getting turned up and a feeling of vilification and potential danger,”

http://www.politico.com/story/2014/01/wealthy-top-one-percent-economy-finance-102833.html

Music to my ears.