Paranoia of the Plutocrats - Paul Krugman

In short, Paul Krugman expressed his annoyance about Plutocrats whining. 

As mentioned by many articles recently, the raising of income inequality is becoming a popular topic, and it seems to be one of the priorities of Obama's term of office. Krugman wrote income inequality leaded to "stagnant wages despite rising productivity, rising debt that makes us more vulnerable to financial crisis. It also has big social and human costs. There is, for example, strong evidence that high inequality leads to worse health and higher mortality" (the reference to inequality is not accurate to the topic because it is not income inequality but just inequality - which includes racial component). However an interesting reaction he pointed out is this creates a whiny class of rich people. 

It is true that under Obama's term, rich people are getting less and that they would have gotten more if Romney had won. Thus they criticized, complained about the policies and the regulations that the government was enforcing upon their benefits. They are whiny because  a pinch of their wealth was taken away from them and they weren't used to it. And they excused themselves by saying they were creating jobs, making the economy better and they deserve more (while, according to Krugman, what they really did was to take advantages of weak regulations rather than adding real value to the economy - interesting point of view).

In the end, Krugman supported what Obama was doing, in short, saying screw the plutocrat's complaints.

I quite agree with Krugman. I think great businessmen don't get work up over something like regulations, they find the real opportunity/future to invest in (like Warren Buffet). Comparing to other economic system, the U.S.'s system seems to be the most effectively lenient system already, so if they ever complained, it is because they have been spoiled for so long. And it also seems to me that the rich are getting more and more selfish since objectively their wealth only grow a little slower than they used to be. After WW II, U.S. also fell into depression but the rich were fine with increasing tax then. Now, even though they are richer, they complain. 

http://www.nytimes.com/2014/01/27/opinion/krugman-paranoia-of-the-plutocrats.html?ref=opinion