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Massive inequality can’t be sustained in societies where everyone can vote. In order to survive, democracies must remain egalitarian. When all the spoils seem to flow upward, the majority will revolt in protest. Voters will become vengeful and reckless. They will elect politicians like Donald Trump as a sign of displeasure. If they continue to feel ignored, they will support increasingly radical leaders, who over time will destroy the ruling class, along with everything that made it prosperous. Left untended, democracies self-destruct.

