WORLD WAR III
See other WORLD WAR III Articles
Title: Billionaire Cartier Boss Warns of Imminent Uprising, ‘Envy, Hatred’ of Poor People
Source:
NextShark
URL Source: http://nextshark.com/johann-rupert-social-warfare-warning/
Published: Jun 11, 2015
Author: Riley Schatzle
Post Date: 2015-06-11 04:27:16 by Willie Green
Keywords: None
Views: 5123
Comments: 27
The chairman of one of the world’s biggest luxury conglomerates is apparently deeply worried about where civilization is heading and what it means for his clients. Johann Rupert, the founder and chairman of Richemont — which counts Cartier, Piaget and Montblanc among its business holdings — gave a speech that held several dystopian warnings pertaining to the coming future at the recent Financial Times Business of Luxury Summit in Monaco, reports Bloomberg. The 65-year-old Rupert, who has an estimated net worth of about $7.5 billion, seemed deeply perturbed about the impending disappearance of the middle class due to robotics and artificial intelligence, which he said would “put hundreds of millions of people out of work.” Rupert asked: “How is society going to cope with structural unemployment and the envy, hatred and the social warfare? We are destroying the middle classes at this stage and it will affect us. It’s unfair. So that’s what keeps me awake at night.” He added: “We cannot have 0.1 percent of 0.1 percent taking all the spoils. It’s unfair and it is not sustainable.” Among the 20 biggest shareholders in Richemont, Rupert obviously belongs to the portion of the population indirectly affected by the impending dysfunctionality of the middle class. He said: “We are in for a huge change in society. Get used to it, and be prepared. Hopefully we will survive it, because we’re planning for it.” The conference concluded in Monaco, where one in three of the population are millionaires, according to 2014 report from net wealth research firm WealthInsight. According to a recent Oxfam report, the wealthiest 1% will own more than half of the world’s entire wealth by 2016. Richemont elected not to return requests for comment. Poster Comment: The rich get richer and the poor get poorer.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 7.
#3. To: Willie Green (#0)
More socialist occupy bullshit. So how do you fix a system where you hate the hard working and you feel sorry for the lazy.... socialism.
The "lazy" are the parasitic 1% who own everything and suck the lifeblood out of people who actually work for a living.
Income EQUALITY is SOCIALISM. Spend your own money making your bleeding heart mend.
#8. To: GrandIsland (#7)
Actually, income equality is communism, doofus...
Top • Page Up • Full Thread • Page Down • Bottom/LatestAccording to a recent Oxfam report, the wealthiest 1% will own more than half of the world’s entire wealth by 2016.
#6. To: GrandIsland (#3)
#7. To: Willie Green (#6)
The "lazy" are the parasitic 1% who own everything and suck the lifeblood out of people who actually wo
Replies to Comment # 7.
socialism merely regulates market forces to provide less income disparity.... and that's a GOOD thing since the top 1% really don't work hard enough to actually earn that much excess wealth... they need to be taxed more heavily so that the wealth can be used for the common good.
End Trace Mode for Comment # 7.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]