We might be getting a clue here

Why are so many millionaires campaigning against millionaires?

One of the interesting things about this mania for dropping tax returns among the Democratic runners is how many of them are part of that 1% they so rail against. Bernie Sanders, Elizabeth Warren, Kamala Harris, they’re all there, securely in the top 1% of family or household incomes for the US. They all also rail against the incomes and inequality of the one percent which must take a certain amount of mental contortion.

Sure, there are several arguments that could be used to justify all of this. Perhaps such tribunes of the people – they’re all currently in the Senate – should be in that top 1%. Why shouldn’t those selflessly devoting themselves to the public good be well rewarded?

Another thought could be that if you can’t rip off $500k a year from senior office in a nation as rich as the US then you’ve not got the financial nous to run for dogcatcher.

It is also possible to make a rather more serious point about this more general whinge about inequality. It’s as it is in the UK, it’s not about the 1% and 99% at all. Which, given that the inequality gap here hasn’t changed much over recent decades seems fair. Rather, it’s about the inequality gap between the 0.9% and the 0.1%.

One comment on “We might be getting a clue here

  1. Being pedantic:

    0.01% and 0.99% I think you mean.

    Otherwise you are talking of the top 10% of the US.

    1% of 1% is 0.01%.

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