I have previously cited Nick Hanauer, the billionaire who has repeatedly pointed out that the belief–embraced by the GOP–that raising the minimum wage depresses job creation is a fallacy. As Hanauer has emphasized, this economic theory has cause and effect backwards: jobs are created by demand. (If you aren’t selling your widgets, you aren’t hiring more people […]
Recently, I posted about the difference between tax cuts and tax reform, and why we need the latter but not the former. That argument was made–far more persuasively than I made it–by billionaire Nick Hanauer, in a recent post to Politico. The Republican tax plan is a scam—a massive and destructive financial giveaway masquerading as pro-growth […]
Are more zillionaires joining “renegade” rich guys like Nick Hanauer and Warren Buffett and recognizing the dangers posed by the current gap between the rich and the rest? A recent article from the Guardian was titled “Patriotic millionaires want to pay more taxes.” Those millionaires didn’t mince words. If you believe the prevailing philosophy of US conservative ideology, […]
Among the (many) things that irritate me is the widespread habit of attributing characteristics or behaviors to whole groups of people. I’m not just talking about obviously reprehensible–and racist–broad-brush assertions about African-Americans or Jews or Muslims, etc., but accusations about “businessmen” or “poor people” or the growing animus against “rich folks.” With respect to rich […]
Prejudices against “those people” tend to be the familiar age-old biases based upon race, religion and the like, but other stereotypes abound and can be equally misleading. (In his teens, my middle son looked askance at anyone in the “business class”– he felt they all valued profit over people. When he grew up, he came […]