Friday, February 13, 2015

The super-rich don’t care about us. It will be their downfall...

The news this week that a bank helped wealthy customers to dodge taxes should not come as a surprise to many. The super-rich have long held some profoundly distorted ideas about the world. They are more than averagely likely to believe their achievements are the product of their superior brains and hard work. They may believe the Selfish Gene rhetoric that those with the best genes rise to the top of the pond, and at the bottom is genetic sludge. They are oblivious to any evidence to the contrary. They have no idea that had they been born on a sink estate they too would have sunk.

This is partly because the super-rich are no longer exposed to data and experiences that contradict their worldview. Flitting between their various homes around the world, they know nothing of our lives. They have never, ever had to sit on the phone waiting for the next available customer support agent – “your call really matters to us” – to not fix their phone/internet/energy bill issue.

Of particular concern is that they only consume media that support their worldview. Recently, an Oxbridge-educated CEO in all seriousness told me that there has been no increase in inequality in this country. My jaw was slack with amazement when another told me that “inner London secondary pupils have the best exam results of any in the world”. They are living in the la-la land that Polly Toynbee and David Walker painstakingly exposed in their book Unjust Rewards.

Consider your response to the following information. About 15,700 under-two-year-olds live in a family that is classed as homeless, according to a new report. Homelessness adversely affects parental responsiveness, and early responsiveness has been proved to affect the capacity of the brain to process positive experiences. Full story...

Related posts:
  1. As inequality soars, the nervous super rich are already planning their escapes...
  2. Billionaires flee havens as trillions are pursued offshore...
  3. The shocking amount of wealth and power held by 0.001% of the world...
  4. UK taxpayers pay for the rich’s greed...
  5. Wealth inequality in America...
  6. UK super-rich get richer as pay gap widens...
  7. Germany's rich get richer despite crisis...
  8. Super-rich Rabbit Hole: Wealthy stash $21 trillion in offshore havens...

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