His opinion piece in Bloomberg is quite refreshing and it boils down to the idea that the rich have recently forgotten just what got them to where they are today: consumerism by the common man. Hanauer says nothing he does or invests in can create nearly as many jobs as a regular American consumer, and thus he pokes holes in the common cry in the political sphere that we should not penalize the “job creators.” The conclusion seems almost obvious: now that the rich have become richer than at any point in history, they are more concerned with guarding their current wealth than they are with incurring the cost of growing even further (which would actually entail shared growth across the economic spectrum). My question is, when did everyone become so selfishly short-sighted? If there are more Nick Hanauers out there, speak up and be heard.
- No public Twitter messages.
Google Reader Shared Items
- Vouchers vs. Premium Support (The Baseline Scenario)
- North Koreans in Libya banned from returning home (FP Passport)
- Caffeine keeps your Mac awake (Statistical Modeling, Causal Inference, and Social Science)
- Hack pollster Doug Schoen illustrates a general point: The #1 way to lie with statistics is . . . to just lie! (Statistical Modeling, Causal Inference, and Social Science)
- Geophysicist Discovers Modeling Error (in Economics) (Statistical Modeling, Causal Inference, and Social Science)