UNCATEGORIZED

Zillionaires

Jul 9, 2014, 8:19 PM | Updated: 8:19 pm

Nick Hanauer is one of them and he has a message for all his fellow .01 percenters. Get real, or face the pitchforks.

Nick is a classic American success story. He’s smart and was lucky enough to be a friend of Jeff Bezo’s long before Amazon.com. Nick was the first non-family investor in Amazon and went on to found a company he sold to Microsoft for almost $6.5 billion. So he knows what it’s like to be rich. He is also obviously a thoughtful, well-read guy who knows history and economics. So he knows that trickle-down economics, the Laffer curve, Ayn Rand, corporations as people, unlimited campaign contributions, the makers versus the takers, are all false justifications to protect the position and power of the zillionaires.

He knows that if the zillionaire Waltons were as smart as Henry Ford was, they would pay their Walmart workers enough to be able to shop at Walmart, just as Ford raised the wages of his workers so they could afford a Model T. He knows the economy is driven by the middle class and points out that while his income may be 1,000 times more than the average American, he doesn’t buy 1,000 times more stuff.

He also knows that if we continue down this path, “the middle class will disappear, and we will be back to late 18th-century France. Before the revolution.” That’s when the pitchforks will come out.

Please read his letter to his fellow zillionaires, and pass along the link, especially if you know any zillionaires or politicians.

Uncategorized

...

Promotions

Tedeschi Trucks Band

Tedeschi Trucks Band is coming to Arizona Financial Theatre on June 11th! Register now for your chance to win tickets!

8 days ago

Axon Enterprise headquarters in Scottsdale. (Jim Poulin/Phoenix Business Journal)...

Ron Davis/Phoenix Business Journal

Axon’s north Scottsdale development comes under fire at planning commission meeting

Axon Enterprise Inc.'s mixed-use development plans in north Scottsdale were tabled Jan. 24 in the face of criticism from city commissioners and a standing-room only crowd.

1 month ago

(Pexels Photo)...

Associated Press

States have lost millions of dollars to fight and treat STDs

State and local health departments across the U.S found out in June they’d be losing the final two years of a $1 billion investment to strengthen the ranks of people who track and try to prevent sexually transmitted diseases — especially the rapid increase of syphilis cases.

4 months ago

Associated Press

How one swing-state county is trying to recover from high elections staff turnover

WILKES-BARRE, Pa. (AP) — The polls had just opened for last year’s midterms in Pennsylvania when the phones began ringing at the election office in Luzerne County. Polling places were running low on paper to print ballots. Volunteers were frustrated, and voters were getting agitated. Emily Cook, the office’s interim deputy director who had been […]

4 months ago

(Pexels Photo)...

Kim Komando

Tips for your internet browser if it’s slowing down to a crawl

The internet browser is one of the most frequently-used applications on your computer. But it can get slowed down from tools and extensions.

5 months ago

City of Tempe/Facebook photo...

Stephen Gugliociello

Tempe to convert cooling center to city resource center

The city will begin repurposing its cooling center at EnVision Center starting Saturday as a site to help residents with a variety of needs.

5 months ago

Sponsored Articles

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

...

Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

Zillionaires