[eweissenbach]

Here is an excellent article authored by a billionaire, Nick Hanauer. Although I think his "pitchforks" analogy is overheated, his arguments make sense. I think he presents the problem and the solution in an apolitical manner. Read it and be your own judge.

The Pitchforks Are Coming

[NottaVillager]

Read it. Don't buy it. We have "income inequality" because we have bred entire generations who are too lazy to get off their backsides and WORK.

[sunnyatlast]

I noticed that he did not complain about the minimum wage being too little to feed a family on when he was young and in the process of learning to work in the real world.

I noticed that he emphasized this about small-business makers and future tycoons:

"What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future."

I remember small business starters being told "they didn't build that", as if they had risked nothing of what they had earned and saved and invested wisely.

I'd add that there is a lot of "effort inequality" and "inequality of taking advantage of public education opportunities" today. There really is little or no excuse for people who drop out of high school or for those who do not pursue even a one-year associate's degree in a trade/technologist field.

[Rags123]

Originally Posted by sunnyatlast

I noticed that he did not complain about the minimum wage being too little to feed a family on when he was young and in the process of learning to work in the real world.

I noticed that he emphasized this about small-business makers and future tycoons:

"What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future."

I remember small business starters being told "they didn't build that", as if they had risked nothing of what they had earned and saved and invested wisely.

I'd add that there is a lot of "effort inequality" and "inequality of taking advantage of public education opportunities" today. There really is little or no excuse for people who drop out of high school or for those who do not pursue even a one-year associate's degree in a trade/technologist field.

Read it.....and will simply say if TED, who is about as open as you can get, will not allow his speech he made to be aired on their network because it was the most partisan ever, then WOW.....it is a partisan viewpoint.
They did this on his 2012 talk he gave with much the same thread as this article.

Should read Forbes on this particular piece, but much too p.......l and partisan for me.

[buggyone]

Pretty interesting reading but I do not see much of it makes sense.

I really doubt if there would be the pitchforks happening.

As for the idea of a doubling of federal minimum wage getting people out of poverty, if wages go up for minimum wage, other wages will have to increase and when that happens - prices go up and basically everyone is back to their original place in the economy.

[Deseylou]

A minimum wage is just that...
Not intended to support a family
Heck, we could raise it to $100 an hour
Then milk would cost $400 and so on...
I see nothing wrong with being rich
No matter how you got that way
Lucky to be born into the family
Working your fanny off...
There is always going to be someone better off than me, and someone not as blessed as me
Debbie

[rubicon]

Consider this

Like the Shadow, this author knows what lurks in the hearts of men.

Put it another way its the Mafia mentality "You have all those politicians in your back pocket and yet you do not want to share them with us. Or, you must also give us a taste. The don gets his cut then the capo then all the rest of the earners. Civilizations throughout history have operated their version of income inequality solutions. Familiarity breeds contempt.

[Tennisnut]

Originally Posted by Deseylou

A minimum wage is just that...
Not intended to support a family
Heck, we could raise it to $100 an hour
Then milk would cost $400 and so on...
I see nothing wrong with being rich
No matter how you got that way
Lucky to be born into the family
Working your fanny off...
There is always going to be someone better off than me, and someone not as blessed as me
Debbie

As a Duke Energy stock holder or subscriber, should one care how he got his?
This isn't someone abusing a few SNAP dollars, just a few million from the bottom line of a publicly owned company.

Despite his short-lived tenure, Mr. Johnson will receive exit payments worth as much as $44.4 million, according to Duke. That includes $7.4 million in severance, a nearly $1.4 million cash bonus, a special lump-sum payment worth up to $1.5 million and accelerated vesting of his stock awards, according to a Duke regulatory filing Tuesday night. Mr. Johnson gets the lump-sum payment as long as he cooperates with Duke and doesn’t disparage his former employer, the filing said.
Under his exit package, Mr. Johnson also will receive approximately $30,000 to reimburse him for relocation expenses.

[kittygilchrist]

Consider the source:
https://www.politicopro.com/login/

[eweissenbach]

Originally Posted by kittygilchrist

Consider the source:
https://www.politicopro.com/login/

And what source would you deem reliable? Fox News?

[rubicon]

Originally Posted by eweissenbach

And what source would you deem reliable? Fox News?

Wall Street Journal

[eweissenbach]

Originally Posted by rubicon

Wall Street Journal

Agreed

[TexaninVA]

Originally Posted by eweissenbach

And what source would you deem reliable? Fox News?

I'm gonna guess you would recommend MSNBC as your preferred unbiased source?

[TexaninVA]

Originally Posted by eweissenbach

Agreed

Yes, I too can agree with that ... ie WSJ. Progress

[kittygilchrist]

Originally Posted by eweissenbach

And what source would you deem reliable? Fox News?

How bout his website, selling books, which you can buy on amazon, which lines his coffers?
http://nick-hanauer.com