Initiatives v Oligarchy

Our Founders' Warning: “Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.” (Thomas Jefferson)

Oligarchs’ Gilded Age

“there are plenty of indications available to us in the world today that substantial features of the last Gilded Age have recurred: a rising capital income share, a rising coincidence of labor income with capital income, a rising persistence of intergenerational fortunes impregnable from assault by the tax authorities.” (“After Piketty”, p.10)

The early half of the Gilded Age roughly coincided with the middle portion of the Victorian era in Britain and the Belle Époque in France. The Gilded Age in United States history is an era that occurred during the late 19th century, from the 1870s to about 1900… (© Wikipedia)   (I.e., when “Robber Barons” ran the U.S., though they did not have the wealth or power of today’s Oligarchs)