Google's Eric Schmidt Has Ideas About How to Solve Income Inequality==More of the Same ...

Eric Schmidt, the inexplicably well-compensated chairman of Google, stopped over at South by Southwest today, where he decided to share some ideas about how the country should grapple with income inequality. His comments—which he made in conversation with Google Ideas director Jared Cohen and Wired’s Steven Levy—didn’t quite have the plutocratic verve of a Tom Perkins interview. But they did nicely encapsulate a more subtly corrosive outlook common among wealthy, vaguely liberal-minded Americans.

Things started off well enough. As The Verge reports, Schmidt explained that he was “very, very worried” about the conflicts over techie-fueled gentrification that have been rocking the Bay Area. San Francisco’s problems, he said, were a manifestation of a problem across the developed world by which technology is replacing traditional jobs, enriching the few while leaving behind the many. "Ninety-nine percent of people have seen no economic improvement over the last decade," he said.

Ten points for empathy. But then…

http://www.slate.com/blogs/moneybox/2014/03/07/google_eric_schmidt_he_has_some_ideas_about_how_to_solve_income_inequality.html