Ultra-rich man's letter: "To My Fellow Filthy Rich Americans: The Pitchforks Are Coming"
You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor. Then I founded aQuantive, an Internet advertising company that was sold to Microsoft in 2007 for $6.4 billion. In cash. My friends and I own a bank. I tell you all this to demonstrate that in many ways I’m no different from you. Realizing that, seeing over the horizon a little faster than the next guy, was the strategic part of my success. But let’s speak frankly to each other. I see pitchforks. At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the 99.99 percent—is lagging far behind. But the problem isn’t that we have inequality. What a great idea. Because here’s an odd thing.
Related: New Economic system/trends and new paradigms
• the bigger picture & alternatives