The top 1% of Americans own 40% of all the national wealth. This is an enormous problem. I guarantee that this disproportionate income distribution will not survive this decade without causing a violent political and social explosion. The top 1% may support an overt police state to enforce their wealth. But even with massive police protection, their avarice will trigger a revolution. One way or another, the wealth of the super-rich will be heavily taxed or seized by government–or taken or destroyed by means of a shooting revolution by the people.
It could very well be that the super-rich are every bit as in favor of gun control as the Congress. Both groups should be feeling guilty and vulnerable to angry Americans for the same reasons–they are by-in-large a bunch of crooks whose primary business is extortion rather than production.
The super-rich would have us believe that they’re entitled to keep every dime they have because this is America and they earned their wealth by hard work. If that were true, I’d agree with them. But it’s not true. The truth is that, to substantial degree, the super-rich acquire and retain their wealth by hiring lobbyists to bribe Congressmen to pass laws that allow the super-rich to avoid taxes or restrict competition so as to “legally” rob the middle and lower classes. That’s going to end.
video 00:06:24
