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Podcast: Wealth Formula Podcast
Episode: 316: The War Against the Wealthy
Description: When times get tough, it is always easier to have a scapegoat. After all, it is easier to blame an enemy than an unfortunate circumstance. The enemy can be punished and held responsible. Circumstances cannot. The most extreme example of this in modern history is the vilification of Jews during World War 2. Reparations for World War 1 left Germany in a world of economic hurt. Hitler demonized Jews as the root of the problem as many of them were successful professionals and business people. As wealth disparities continue throughout developed nations, we are seeing a more subtle version of demagoguery playing...