Galt's Gulch

The Age of Over-Abundant Elites

Posted by markjr 4 years, 4 months ago to Politics
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The problem isn't that we've hit some sort of Neo-Malthusian "Limits to Growth", it's something called "Elite Overpopulation".
SOURCE URL: https://bombthrower.com/articles/the-age-of-over-abundant-elites/

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  • Posted by $ blarman 4 years, 3 months ago
    I do agree there is an over-abundance of arrogance in the self-proclaimed elitists. It's an interesting theory, but I'd suggest an alternative: that those who have had to work to attain wealth value the same, while those who have not (progeny of the wealthy) neither value the wealth or the process of hard work which led to wealth acquisition. The self-appointed elites are those who have grown accustomed to the trappings of wealth but have lost a proper respect for what that wealth represents.

    What is even more dangerous, they become enthralled and even addicted to its acquisition even though the methods they employ to that end usually don't involve wealth creation but merely wealth redistribution. Thus when you have a growing populace but a stagnant wealth pool, it does turn into a fight among the "elites" for this wealth because those elites have no concept of a pie that grows through hard work and can satisfy everyone - they have only the notion of a fixed pie being carved up into smaller and smaller pieces. It's a self-destructive and societally destructive attitude.
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    • Posted by $ Markus_Katabri 4 years, 3 months ago
      Have to admit.....it’s a compelling argument for the death tax. People who have to work for a living have a lot less time on their hands, and power, to subjugate others. Michigan’s Governor Whitmer would probably be a soccer mom, instead of a ruthless tyrant, if she didn’t have her former Blue Cross CEO daddy’s money backing her up. The current “unearned”wealth transfer system amplifies the parasitic mindset in some people.
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      • Posted by $ blarman 4 years, 3 months ago
        While I don't support inheritance taxes of any kind, I do agree that it seems at first to present a fix. The key to remember, however, is that punitive measures which punish wealth creators won't change the attitudes of the wealth-inheritors.

        I COMPLETELY agree that people who have to work for a living have less time and inclination to ascend to power. And it is a huge problem in today's world of politics. Look at just about every prominent politician out there and they came from money and connections to more money. You put it quite well in noting "the current “unearned”wealth transfer system amplifies the parasitic mindset in some people."
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  • Posted by $ BobCat 4 years, 3 months ago
    Just pondering .... is the middle class just a buffer between the elites and the have-nots? Without a strong middle class, there is no ‘support’ for the elites and no protection from the have-nots. The collapse can occur when the middle class stops playing this role, ie. John Galt.
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  • Posted by $ 25n56il4 4 years, 3 months ago
    There has been prejudice all over the world all my life. Hate against American Indians, Jews, Poles, Italians, Japanese, Germans, Asians, and even Americans in other countries. When is this crap going to cease?
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  • Posted by freedomforall 4 years, 4 months ago
    "But the elites and the political class? They get paid either way. "
    If we the People show any courage then the payments to the "elite" will be at the end of a rope or a hail of bullets against a wall.
    That is what they have earned and deserve.
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