America is only half-primed for a violent revolution

Internet billionaire Nick Hanauer is right to worry that income inequality could lead to pitchforks. But he misses a few other important measures.

Les Mis
(Image credit: (Facebook.com/Les Miserables))

The top 1 percent should watch their backs.

That's according to internet billionaire Nick Hanauer — one of the earliest investors in Amazon.com — who argues in Politico that rising income and wealth inequality is likely to become an existential threat to the lives and fortunes of the wealthiest:

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.