have you seen this?

It’s the five minute talk Nick Hanauer, a very very rich capitalist. He makes the case that the best thing to do to create jobs is to raise taxes on the rich to create a strong middle class, as middle class consumers are the true job creators. It’s not a new theory; it’s what Krugman, Reich, me, and a lot of other have been saying all along. But two groups have always been forbidden from speaking these truths; rich capitalists themselves, and anyone in Washington, from the lowliest congressional staffer all the way to the president. So it is no surprise that Hanauer has received so much push back, and that there has been such a kerfuffle over the whole thing, partly started when TED, where he gave the speech, declined to put the speech on their website (that part of the whole thing is kind of silly, though it is sort of what started the whole thing. If you’re interested, it’s easy to find the details about it.)
So we’ve seen now what happens when one of their own break out of their bubble and begin to let air leak into their universe. We can only hope–and we should help–his message will spread and spread and spread until the utter common sense truth of it takes over as our standard understanding of how things work. That is what the monied class fears most (which is of course ironic, for as Hanauer shows that it would actually be better for the wealthy as well). When the day comes that this understanding of reality takes over it will be a true great awakening, a rebirth of America. The air truly will smell sweeter, and we will breathe deep as we awake from our long national nightmare.
(I can hear the screams, hyperbole, you exaggerate, it’s not true. I exaggerate very little. And I do understand why everyone wants to double down, just as people did believing the earth was the center of the universe. And you know what, when that paradigm shifted, the world didn’t end. It advanced. And the same thing will happen this time. It is really up to us whether we dare to take a chance and breathe the fresh air, or instead fear everything outside our bubble and return to the dark ages.)

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About JP

We're two guys who met in college, in 1980. We've stayed in touch, and like to talk politics, current events, music and religion. JP is nore liberal than Sid, but not in every way. We figure that dialogue stimulates ideas, moderates perspective, and is in general friendly. These are things we need badly in these dangerous times. The blog name is taken from a song by Bruce Cockburn.
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One Response to have you seen this?

  1. Jim says:

    This video is the start of a new vision for reform. He sets the right stage, and makes some great points. Now, to act on these principles in 21st century ways.

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