Krugman: We Live In Age Of Angry Billionaires
February 11, 2014

The latest cliché to spew out of self-righteous, self-unaware Republicans like Paul Ryan is this idea of the "dignity of work." This overused phrase is a bad joke when seen through the lens of workers earning $7.25 per hour while billionaires earn that in seconds without lifting a finger.

Krugman:

It’s all very well to talk vaguely about the dignity of work; but the idea that all workers can regard themselves as equal in dignity despite huge disparities in income is just foolish. When you’re in a world where 40 money managers make as much as 300,000 high school teachers, it’s just silly to imagine that there will be any sense, on either side, of equal dignity in work. And one demonstration of this reality is the angry reaction people like me get when we cite facts like this; nobody, and I mean nobody, on the right that I’ve encountered seems willing simply to accept the fact and argue that it’s justified. Instead, they regard pointing out the reality of extreme inequality as somehow inherently outrageous — because they know how explosive that reality is.

As it turns out, by the way, the people who seem least inclined to value work in itself, even if it doesn’t pay very well, are the winners: we live in the age of the angry billionaire, furious if anyone should suggest that his wealth doesn’t entitle him to acclamation as well as luxury.

Not simply acclamation, but adoration. Not only should we pity the angry billionaire, we should do everything in our power to see that he is appeased.

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. When registering you will also be presented with the option to tie all your old Disqus comments to your new Insticator account. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.