Looking for direct quotes, I think the sentiment is a lot less, er, Scrooge-y than the title implies:
> "We cannot have 0.1 percent of 0.1 percent taking all the spoils [...] It’s unfair and it is not sustainable."
> "How is society going to cope with structural unemployment and the envy, hatred and the social warfare? [...] We are destroying the middle classes at this stage and it will affect us. It’s unfair. So that’s what keeps me awake at night."
A strong middleclass will probably result from people being able to save their earned income. Enabling remote work seems to be a good way to enable people to save money--they can rent/buy in LCOL areas and save on rent/mortgage. Additionally, converting office buildings to housing may help housing shortage, traffic congestion and alleviate any fears of cities losing income. I don't claim this is the strongest solution. I just wonder where are the political action groups that are working on these issues? My guess is commercial developers may also benefit from office-to-housing transition. One anecdote: there's a concern that climate change is going to cause displacement due to rising water levels in New York, and that's going to disproportionately affect lower income communities. I just wonder why placing people in converted-to-housing high rises would be an awful idea. I imagine some office buildings may still remain, which would make sense.
Interesting, he worries about the middle class not wanting to buy luxury goods if the poor rise up.
What the supper rich should be worried about is the war that usually follows an up rise. The same pattern happens over an over again in history yet the haves will always feel that what they have is theirs's and have to do all they can to keep it. Damn the poor.
Looking for direct quotes, I think the sentiment is a lot less, er, Scrooge-y than the title implies:
> "We cannot have 0.1 percent of 0.1 percent taking all the spoils [...] It’s unfair and it is not sustainable."
> "How is society going to cope with structural unemployment and the envy, hatred and the social warfare? [...] We are destroying the middle classes at this stage and it will affect us. It’s unfair. So that’s what keeps me awake at night."
[0] https://www.businessoffashion.com/articles/technology/cartie...
A strong middleclass will probably result from people being able to save their earned income. Enabling remote work seems to be a good way to enable people to save money--they can rent/buy in LCOL areas and save on rent/mortgage. Additionally, converting office buildings to housing may help housing shortage, traffic congestion and alleviate any fears of cities losing income. I don't claim this is the strongest solution. I just wonder where are the political action groups that are working on these issues? My guess is commercial developers may also benefit from office-to-housing transition. One anecdote: there's a concern that climate change is going to cause displacement due to rising water levels in New York, and that's going to disproportionately affect lower income communities. I just wonder why placing people in converted-to-housing high rises would be an awful idea. I imagine some office buildings may still remain, which would make sense.
Interesting, he worries about the middle class not wanting to buy luxury goods if the poor rise up.
What the supper rich should be worried about is the war that usually follows an up rise. The same pattern happens over an over again in history yet the haves will always feel that what they have is theirs's and have to do all they can to keep it. Damn the poor.