Washington Post Worries About World’s Wealthiest People So You Don’t Have To
Aside from the indispensable Ezra Klein , I don’t usually read the Washington Post because it seems to have adopted a policy of deliberately misleading its readers on its editorial page while its news section…well, the less said , the better . But the other day as I was walking into Moffitt Library, a WaPo headline caught my eye and I had to stop to see if I was hallucinating. The headline read “World's Wealthy Pay a Price In Crisis.” I blinked and rubbed my eyes in disbelief. The richest people in America were richer in 2007 than at any time since the 1920s. Similar statistics showed the same story around the world. Many economists and policy analysts further believed that the rich were the only people seeing real income gains from growth across the entire economy for many years before the recession. Since the recession began, I understand that the rich became slightly poorer than before. Instead of being unimaginably wealthy, they are now only obscenely wealthy. But...