It’s always encouraging when fabulously rich people have the guts to speak the truth about their own privileged position and the disgraceful growth in American inequality. To this end, please check out this recent speech by a fellow named Nick Hanauer. It’s reproduced below from an article in the National Journal. As the article explains, Hanauer is a Seattle venture capitalist who got rich investing in Amazon.com. Interestingly, the speech has been deemed too controversial by the folks at TED.com who commissioned it. See what you think.
“It is astounding how significantly one idea can shape a society and its policies. Consider this one.If taxes on the rich go up, job creation will go down.This idea is an article of faith for Republicans and seldom challenged by Democrats and has shaped much of today’s economic landscape.But sometimes the ideas that we know to be true are dead wrong. Read More