Here’s the basis for continued income inequality. Of course these people know the continuation of expanding inequality is unsustainable. They know there’s a point where the potential for violence and civil instability produce a Roosevelt-esque new deal like response from the government as a necessity to maintain society.
Joseph Kennedy, when faced with civil disorder stemming from the great depression is reported to have said “I would give half of everything I have just to know I could keep the other half under the rule of law”.
Alone, that statement is powerful, but consider this: his fortune was largely acquired through criminality, or acts of such a shady nature that they would be outlawed in rapid subsequence to his rise. He is even responsible for outlawing some of them after Roosevelt appointed him as chairman of the fucking SEC.That is the end game.
Imagine such an exclusive position at the kings ear, that you could commit acts of a devious nature and profit magnificently, and then work with the government to outlaw those very same acts, immediately, placing barriers to anyone who would compete with your wealth, while simultaneously protecting your stolen wealth from such unscrupulous upstarts.
That’s where we are today friend. These people don’t care how much it costs to control the government. They could give half of everything they have, so long as they were able to maintain control afterward, then there’s no catching up, no stopping it, no retribution, redistribution, or representation for the people.
Franklin D Roosevelt held an immense personal disdain for J.P. Morgan. He said Morgan behaved as though he was on an equal footing with the entire Federal government.
What he means is it’s as though their interactions were the negotiations between one man (Morgan), and a government that represented an entire nation of people. He is speaking to the mind blowing audacity, conglomeration of wealth, and aggregation of power that leads one man to sit down at a table with the representative of an entire nation and not be the least bit humbled.
Now consider where we are today compared to then. Consider that the most vilified left figure in America today is Obama. He’s touted by these same types of people as being the doom of America, the most vile and evil representative of the what the left has to offer: Socialism, Class Warfare, Redistribution of Wealth.
And from where I’m sitting, Obama couldn’t deal with corporate America on equal footing even if he wanted to. But the electric shock, is that he doesn’t want to. Obama, the most left, populist, socialist person in the country according to these people, is in my opinion, completely and totally accepting of corporate control over many of his actions, including the legislature, and judiciary. That’s not to say he’s a puppet with no will of his own, what I mean is that he doesn’t even contemplate a world where the leader of the United States can experience contempt when a single person or corporate entity intends to negotiate with the entire nation. That’s business as usual for him. Not because he’s bad, because we’re at a place where what struck Roosevelt is so normalized that it’s not even conceivable to be offended. Obama makes Roosevelt look like Lenin by todays rhetoric.
Here’s the full circle and TL;DR. You’re right, these people don’t give a fuck about wasting vast incredible sums at diminishing returns for control over the government. For so long as they win, and this process is sustainable, they will continue to enjoy a positive ROI. That being said, they know as well as everyone else that this policy is unsustainable. That the party will end one day, and that’s the end game. You need to be in the position of Joseph Kennedy and J.P. when the party ends, because when the government inevitably snaps back to the center in order to maintain peace and civil society under the rule of law, so long as you maintain control, you can give away half of what you have, hell, you can give it almost all away, so long as you remain in control, it’s easy to steal back. So long as you can still get appointed chairman of the SEC, it doesn’t matter how much you spend, or how much you have to give back. You will never lose. And it’s never been easier. The government has never been under such absolute control.