That is what happens when you slash taxation on the richest and allow inequality to explode. Your economies die, and your children don’t eat, and they wear thick jumpers, as I did, in the winter, and they shiver, with their families, in cold homes.
Meanwhile, someone like me will be sitting in a skyscraper, just a 15-minute walk away, betting on it, and that person will become a millionaire.
Then they’ll retire and they’ll buy a luxury apartment, overlooking a marina, and they’ll sit on a huge sofa and eat porridge, and they’ll watch the budget, and they’ll cry.
And in the houses down the road, the mom doesn’t eat, and she hopes the children don’t notice. But they do.
Great read.
Check out his interviews on YouTube as well. He did a bunch related to the book he released recently.
Saying that inequality is the source of widespread woes in western countries makes a lot of sense to me, given the similar challenges we are seeing throughout Europe and us