It's not just something that we look at the news about some of these really wealthy people and say, oh, gosh, that's really unequal. This is historically pretty extreme. It's like 1929 levels of wealth inequality. Yeah. In fact, It's rare for a republic, a democratic system, to hit this level of inequality and survive. Like when the Roman Empire, when the Roman Republic was hitting this level of inequality, that's about the time it stopped being a republic and started being an empire. (1:04:25–1:04:32)
CLAIM
Asserts that extreme wealth inequality is rare for democratic systems to survive.
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