It's good to know there are important people who are concerned about the economic plight of middle-class Americans and determined to do something about it.
Billionaire Jeff Greene, who made his multibillion dollar fortune during the financial crisis by betting against subprime mortgage securities, spoke with a reporter today at the World Economic Forum in Davos, Switzerland.
 
"America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence,” Greene said in an interview today at the World Economic Forum in Davos, Switzerland. “We need to reinvent our whole system of life.”
The billionaire investor, who recently listed his California estate for $195 million, added:
"Our economy is in deep trouble. We need to be honest with ourselves. We’ve had a realistic level of job destruction, and those jobs aren’t coming back."
What you mean we? I'm pretty sure you live in another world entirely from the rest of us.
Greene, who flew his wife, children and two nannies on a private jet plane to Davos for the week, said he’s planning a conference in Palm Beach, Florida, at the Tideline Hotel called “Closing the Gap.”...
The billionaire said he’s planning on having dinner tonight with former U.K. Prime Minister Tony Blair, and will attend several private meals and parties throughout the week.
Good to know he's concerned about the little people though. I can't wait to see what kind of "solutions" come out of his conference.
I'm pretty sure they won't include raising the top tax rate to 95 percent and treating all income like the income of working stiffs when it comes to taxes.