What The Rich Really Think

by Stuart Shapiro

For the conspiracy theorists among you, Henry Blodget (who is quite wealthy himself) pulls back the curtain on how the rich think about the rest of us:

People like me don’t hate Obama because he’s going to raise our taxes, although we hate that plenty.  We hate him because his views about the importance and primacy of the middle class diminish our status.  The threat he represents isn’t economic; it’s existential.  It’s not just our pocket books that are threatened, but, more importantly, our prestige and our influence on this country.  Our manhood is at stake. . .

By: Stuart Shapiro

Stuart is a professor and the Director of the Public Policy
program at the Bloustein School of Planning and Public Policy at Rutgers
University. He teaches economics and cost-benefit analysis and studies
regulation in the United States at both the federal and state levels.
Prior to coming to Rutgers, Stuart worked for five years at the Office
of Management and Budget in Washington under Presidents Clinton and
George W. Bush.