Furthermore, a combination of stagnant wages for median workers and rising CEO pay undermines our democracy and, if left unchecked, is the building blocks for a populist uprising, if not outright revolution. Sound far-fetched? Louis XVI and Marie-Antoinette didn’t see it coming either, much less more recent examples like Hosni Mubarak and other autocratic Arab leaders.
Look at this crap. Comparing govt officials, in this case monarchs who happened to have inflated their currency to pay for their intervention in the War for Independence in America solely to get back at their competing empire builder Great Britain. ( Our good fortune, but their loss including the king's head.) Then he uses another govt head of state Mubarak and compares both of these leaders as comparable to a business executive who did not stagnate the wages of the common man via inflation because it was a man by the name of Bernanke who did that so a govt leader like Obama can spend like a drunken sailor—not to mention previous American presidents.