Income inequality is bad for rich people too

Japan, which made a conscious decision to impose the costs of its post bubble hangover on all members of society to preserve stability, has gotten through its lost two decades with remarkable grace.

The US seems to be implementing the polar opposite playbook, and there are good reasons to think the outcome of this experiment will be ugly indeed.

Source:
http://www.salon.com/news/opinion/glenn_greenwald/2011/08/11/income_inequality

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