September 2, 2011
By Arlen Grossman
“There’s class warfare, all right, but it’s my class, the rich class that’s making war, and we’re winning.”–Warren Buffett
It’s hard to pinpoint when the first shot in America’s Second Civil War was fired. People willing to go to battle in order to get ahead of others is a story line that dates back to the dawn of time.
The first American Civil War was a bloody one, with over 600,000 fatalities. The Second American Civil War is an economic one–The War Between the Classes. But make no mistake about it, people are dying.
Our country seemed to have its economy under reasonable control for several decades (roughly from the 1940s through the mid-1970s). The middle class grew stronger, the disparity between the rich and poor was not extreme, and the economic conditions improved for nearly everyone.
However, the upper classes retained fond memories of those halcyon days prior to The Great Depression and FDR’s detestable social programs. They longed for the opportunity to revisit that golden era. Continue reading »