The Ultra-Rich are on the Wrong Side of History

ALEC, the artfully named American Legislative Exchange Council, is having its national meeting today in Kansas City. Warren Buffett has no doubt found reason to be out of town, lest his dinner and his equity-driven conscience be ruined. I don’t mean ‘equity’ in the sense one might naturally attribute to Warren (as in equity-investment), but in the more accurate sense of the last-man-standing among the rich and famous who have a true sense of social equity. Buffett believes it’s shameful that he pays 19% in taxes, while his staff swallows a 34% hit. Good for him. He’s truly an American patriot and understands that a healthy economy requires a healthy and thriving middle-class.

To understand what ALEC is all about, one has only to parse the language of their acronym. They exchange legislation that favors their one-percent for money. Their annual meeting is all about who to bribe by how much in order to achieve those goals. According to Wikipedia, ALEC “primarily consists of conservative …