Sunday, May 17, 2015

When The Class Divide Gets Too Wide: Another Look At The French Revolution 




Two months ago, legendary trader and investor Paul Tudor Jones, when observing the growing chasm between the 1% and the rest of America, and between the US and the rest of the world, said that this gap “cannot and will not persist” and ominously added that “historically, these kinds of gaps get closed in one of three ways: by revolution, higher taxes or wars.”

And while the US government is doing its best to push both the war and higher tax “mandate”, it is the revolution that nobody expects, and everyone is shocked when it happens, despite what is clearly an unprecedented level of class, wealth, religious, educational, age, gender and – after a quick stroll through St. Louis or Baltimore – racial division.

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