Saturday, December 17, 2011
Henry Blodget and My Mother
Mr. Blodget has a thought experiment called Millionaire's Island, in which he gathers the 1 percent of Americans who have the biggest incomes and gives them an island to live on. He has a lot of fun with it, sometimes in ways which my mother would approve. She thought farmers were the most important people in the society, because without them people would go naked and starve. Blodget says the same: without the 99 percent the 1 percent would go naked and starve.