"I guess my feeling is that he’s right," Zell said when asked by Bloomberg's Betty Liu how he felt about Perkins' stance. "The 1 percent are being pummeled because it’s politically convenient to do so."This is where it gets to be fun. What does "work harder" actually mean? I've worked as a construction laborer. I've worked as a painter in the oil fields. I've taught school, practiced law, pastored churches. And, as they say, I've done "real work." Which work is the kind Mr. Zell thinks is "harder"? Which does he think required more effort? Effort of what kind?
Zell then said the problem is that all non-rich are just jealous that they don't have the same work ethic that the country's wealthiest do.
"The problem is that the world and this country should not talk about envy of the 1 percent. It should talk about emulating the 1 percent," he said. "The 1 percent work harder. The 1 percent are much bigger factors in all forms of our society."Not surprisingly, it isn't really about hard work, it's about who is working and what they are doing. School teachers and pastors and lawyers and construction workers aren't nearly as important to the world as Mr. Zell who does...what, again? Oh, he's chairman of Equity Group Investments. Hmmm...if Mr. Zell were to never have been born, would he mean as much to the world as George Bailey?
Liu countered that the ever-widening gulf between the richest and poorest Americans must make it harder for those living under the poverty line to get ahead, no?Jack Parr had a problem with Steve Allen that he never quite let go of. Allen claimed to have written hundreds of songs, among other Renaissance-man like accomplishments.
Nah, said Zell.
"Lots of people have come from nowhere and become part of the 1 percent," he said.
"Name three," Parr would reply.
Americans enjoy less economic mobility than their peers in Canada and much of Western Europe. The mobility gap has been widely discussed in academic circles, but a sour season of mass unemployment and street protests has moved the discussion toward center stage.NYT.
Or did Mr. Zell mean in the entire world? And how many of the world's 3.5 billion individual souls at the bottom of the economic ladder likely to join the 85 individuals who own as much as all of that lower class combined? And if the answer is just "1," would that mean the system is working and everything is fine?