The Social Contract is broken not by wealth inequality per se but by the illegitimate process of wealth acquisitionSubmitted by go213mph on Sat, 07/20/2013 - 19:13
Few people begrudge legitimately earned wealth, for example, the top athlete, the pop star, the tech innovator, the canny entrepreneur, the best-selling author, etc. The source of these individual's wealth is transparent, and any citizen can decline to support this wealth creation by not paying money to see the athlete, not buying the author's books, not shopping at the entrepreneur's shops, etc.
The Social Contract is broken not by wealth inequality per se but by the illegitimate process of wealth acquisition, i.e. the state has tipped the scales in favor of the few behind closed doors and routinely ignores or bypasses the intent of the law even as the state claims to be following the narrower letter of the law.
By this definition, the Social Contract in America has been completely smashed.One sector after another is dominated by cartel-state partnerships that are forged and enforced in obscure legislation written by lobbyists. Once the laws have been riddled with loopholes and the regulators have been corrupted, "no one is above the law" has lost all meaning.
RELATED: Wealth Inequality in America