Billionaire Carl Icahn Attacks ‘Entitled’ 1 Percent in Video

New York Post ^ | September 27, | Josh Kosman

[nickcarraway]

Billionaire shareholder activist Carl Icahn is now the latest to attack the 1 percent.

“I’m saying the wealthy, the elitists, are a little oblivious to the problems” facing the country, Icahn told The Post. “They are my friends but they feel a certain sense of entitlement.”

[period end of story]

FO U POS

[Jack Hydrazine]

“They are my friends but they feel a certain sense of entitlement.”

The sense of entitlement inhabits the souls of those at the extreme ends of the socio-economic strata. Why? Because collectivism, as it has been implemented in America, benefits only the poor and the rich while the rest of us bend over and take it up the $#%.

In the end the one percenters get richer, the poor stay poor, and the middle class joins the poor. All the makings of America becoming a third world country.

[Impy]

Hey Carl, give me all your money.

[AnotherUnixGeek]

“I’m saying the wealthy, the elitists, are a little oblivious to the problems” facing the country, Icahn told The Post.

Ah, a man of the people. It's good to know that some corporate raider who has gotten rich by never actually producing anything of any worth, who dismantled and sold TWA piece by piece to pay for the loans he used to buy TWA, is looking out for us common folks.

[tcrlaf]

“It’s good to know that some corporate raider who has gotten rich by never actually producing anything of any worth, who dismantled and sold TWA piece by piece to pay for the loans he used to buy TWA”

I say this as a former TWE.

TWA was doomed long before Icahn came along.
Never-ending union problems, jogging left when the economy was jogging right, legacy union contracts, the enormous drag of JFK, etc., and way too slow to adapt to new ideas and tech.

I was still doing reports in long-string on Worldspan, when the Airways side had been using a version of EasySaabre for a decade.

[TheThirdRuffian]

His business model is to use groups like Jessie Jackson or environmental groups to put crony directors on the boards of public companies and then force the company to divest major assets for a quick buck and dividend even if it hurts the company long term.

This is more of the same. He’s just trying to cloak his schemes in populist bs,

[Jack Hammer]

Sorry - I just can’t seem to get interested in anything a ‘billionaire’ says.

[LS]

Why is this news? Everyone from Libertarian Charles Murray to a number of conservative economists have pointed out the dangers in a shrinking middle class and the undeniable gap between, not the rich and poor, but the gap between the uber-wealthy and the middle class.

The most recent came from a book review by Murray on the latest book by the "Bowling Alone" guy.

If you look at CA, this is obvious. Cities are so expensive ---poverty rate in LA is $46,000 (!)---that teachers, police, tailors, firemen live 1 1/2 hours away.

Unless this is addressed rapidly, it will indeed produce a revolution.