Billionaire Nick Hanauer has a message for his fellow plutocrats: It’s time to do better for those less fortunate. It’s a slightly long read, but it’s full of interesting ideas and statements.
The most insidious thing about trickle-down economics isn’t believing that if the rich get richer, it’s good for the economy. It’s believing that if the poor get richer, it’s bad for the economy.
Hanauer is promoting his new book on this same topic, but it’d be rather ridiculous if he didn’t believe what he’s writing. He certainly doesn’t need the money the book will earn.