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Related: About this forumNick Hanauer: "Rich businesspeople like me don’t create jobs"
Rather interesting. A very good argument.
rocktivity
(44,573 posts)physioex
(6,890 posts)Everyone on DU and the United States should watch this video. Thank you for posting.
napoleon_in_rags
(3,991 posts)If you look at the housing price meltdown and those who made money off it, you see that they understood the childishly simple idea that if housing prices were ricing faster than income, people couldn't afford houses. All those banks who ate it could understand this simple fact.
A generalization of this simple fact dictates that if wages stagnate while the rich get richer, nobody can afford to buy anything, therefore businesses all make less money, except those which cater exclusively to millionaires. Yet just like the banks who ate it in the mortgage meltdown, many of these same businesses will call for all their potential customers money to be reallocated to the rich in the form of tax breaks instead of their own cash registers, even while they face bankruptcy, because they can't grasp the childishly simple correlation between money being in circulation with their customers, and the success of their business.
I've said it before here, and I'll say it now. Take a load off, don't stress about the games they play; we can lose, but they absolutely CANNOT win. The more power they get, the more they will crash their own interests into the ground.
tclambert
(11,085 posts)What a concept. The Republican mythology has it completely upside down.
onlyadream
(2,165 posts)Thanks for finding this. I'm posting it on face book. People really need to get this key idea.
Lifelong Protester
(8,421 posts)I will be sharing this via FB when I get home...it is blocked at work.
This is the most succcint and cogent talk, condensed and using language that is accessable to all, from one of those AT THE TOP.
I hope this goes viral.