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Economic Dysfunction | ||
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Burgess COMMENTARY Peter Burgess | ||
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Original article:
https://www.youtube.com/watch?v=5L7JERaCmf8
2017 Re-Wire: Beware the Pitchforks from Widening Inequality 4,939 views ... Jan 19, 2018 Washington State Wire 91 subscribers Nick Hanauer is one of the country’s leading voices on the state of America’s political economy. In a seminal message delivered in Politico and a TED talk in 2014, Hanauer said “Beware, fellow plutocrats, the pitchforks are coming.” His argument is not a moral one, but an economic one: a functioning democracy and thriving economy require a strong, vibrant middle class. Today, his argument fits within the federal context: a poorly functioning national policy environment makes an active state-level policy vision even more important than ever if we want to avoid pitchforks coming for us. Nick Hanauer: Co-Founder and Partner, Second Avenue Partners 
Household Net Worth Doubled from 2000 to 2016 
Wealth Share Top 1% from 1979 to 2012 
Net Worth Share by Net Worth Group 
Mean Net Worth for Bottom 50% Net Worth Group 
Trickle Down Economics 
Raising Wages Does NOT Kill Jobs 
Less Regulation ... More Growth 
| The text being discussed is available at | https://www.youtube.com/watch?v=5L7JERaCmf8 and |