Washington Post: Goldman Sachs and the Revolt of the Lower Upper Class

In a Washington Post column titled "Goldman Sachs and the Revolt of the Lower Upper Class," Matt Miller discusses his view that the SEC's fraud case against Goldman Sachs may be the first sign of revolt by the "lower upper class." In Miller's view, the lower upper class has had enough of the "Gatsby-like splendor" in which the Ultrarich live and he predicts that "the presence of economic resentment at the bottom of the top 1 percent of our income distribution [will] become a powerful force for reform" and will likely lead to changes in the tax code.

Posted by Wesley J. Bailey, Associate Editor, Wealth Strategies Journal.