Mark Blyth[1] has a simple warning: "It is a no win scenario until basically until elites figure out that at the end of the day, as I like to say to my American hedge fund friends, the Hamptons is not a defensible position. The Hamptons is a very rich area on Long Island that lies on low lying beaches. Very hard to defend a low lying beach. Eventually people are going to come for you."[2]
I encourage everybody interested in trying to prevent that outcome to listen to this[3] talk where Blyth summarizes the root cause and suggests a few reasonable steps towards a solution.
[1] prof. of political economy at Brown