Take That To The Bank!

In his 1987 best-selling novel, “Bonfire of the Vanities,” author Tom Wolfe dubbed the ambitious young people of that era — those who were taking Wall Street by storm, “Masters of the Universe.” His book has been described as a late 20th-century drama about ambition, racism, social class, politics, and greed — of course all burning issues we are confronted with today.

Just recently, we were confronted with a burning issue that made headlines across the globe. What each of those headlines reported was this startling fact:

“The Richest 1% Own Nearly Half Of The World’s Wealth.”

This alarming statistic came out of the 2014 World Economic Forum — and is perhaps even more alarming when expressed this way: “The 85 richest people in the world own more wealth than the 3 billion poorest people, combined.”

With this in mind, let us consider a recent, widely-read commentary by a former Wall Street trader — a so-called “master of the universe” named Sam Polk.…