The “One Percent” and the Poor: Redistribution or Revolution?
“In progressive societies the concentration of wealth may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by revolution distributing poverty.”
― Will Durant, The Lessons of History
I read Will Durant’s The Lessons of History recently and it was one of the best books I have read in some time. Perhaps the most interesting part of the book looked at how many times civilizations have grappled with the tension between the elite class and the underprivileged poor. The quote above was the most sobering statement on this struggle since time immemorial. It is my view that we have reached a point where this issue will progressively get more acute. Whether the boiling point is upon us or not, I do
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