To be more precise it is bad for politics which is bad for business.
If the masses in this country could ever get passed their biases of one another the 1% that are really bending them over wouldn't stand a chance.
Unfortunately for the great unwashed masses or fortunately if you are part of the 1%, that is unlikely to happen anytime soon.
I am never surprised when the ruling class behaves like tyrants. I am surprised that the common street people allow it. maybe someday we'll get our sh%t together?