David Sirota provides ten case studies of rich people who seem to be so completely oblivious to the raging and widening inequalities in the US and the resentment it breeds that the apocryphal story of a princess (wrongly attributed to Queen Marie Antoinette) who upon hearing that the poor had no bread helpfully suggested “Let them eat cake” immediately comes to mind.
One of Sirota’s examples is billionaire Charles Munger who, in a 2010 speech to University of Michigan students, said that the unemployed, the homeless and the impoverished, whose lives are being torn apart by the recession, should stop whining and instead should “Suck it up and cope.” Yes, those very words. Sirota also said that Munger “first lauded bankers as people who “saved your civilization” and then urged all Americans to bow down and “thank god” that the bailouts preserved the financial industry’s profits.”
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