Extreme Wealth Deadens Honesty, Empathy and Rationality in Many
PAUL BUCHHEIT FOR BUZZFLASH AT TRUTHOUT greed There are many self-serving excuses for greed
As we try to grasp the reasoning behind cuts to life-saving programs while billion-dollar incomes and trillion-dollar profits are being made, we must understand that extreme wealth deadens parts of the brain. Empathy and honesty go first. Then rationality, as evidenced by some of the outlandish excuses given by the very rich for their abuses.
Excuses for Inequality
Here’s what Goldman Sachs adviser Brian Griffiths said about it: “We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all.”
U.S. wealth distribution has become so extreme that nearly half of America has, on the average, ZERO WEALTH (debt exceeds assets). As for income, the richest 1% seemed to perform the impossible from 2009 to 2011, capturing MORE THAN 100% of the new income gains (income decreased for the other 99%).