12wonderY
One of their own, Nick Hanauer, warned the plutocrats about the pitchforks, a decade ago.
The Pitchforks Are Coming… For Us Plutocrats
https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us...
The most ironic thing about rising inequality is how completely unnecessary and self-defeating it is. If we do something about it, if we adjust our policies in the way that, say, Franklin D. Roosevelt did during the Great Depression—so that we help the 99 percent and preempt the revolutionaries and crazies, the ones with the pitchforks—that will be the best thing possible for us rich folks, too. It’s not just that we’ll escape with our lives; it’s that we’ll most certainly get even richer.
The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts.
What a great idea. My suggestion to you is: Let’s do it all over again. We’ve got to try something. These idiotic trickle-down policies are destroying my customer base. And yours too.
The Pitchforks Are Coming… For Us Plutocrats
https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us...
The most ironic thing about rising inequality is how completely unnecessary and self-defeating it is. If we do something about it, if we adjust our policies in the way that, say, Franklin D. Roosevelt did during the Great Depression—so that we help the 99 percent and preempt the revolutionaries and crazies, the ones with the pitchforks—that will be the best thing possible for us rich folks, too. It’s not just that we’ll escape with our lives; it’s that we’ll most certainly get even richer.
The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts.
What a great idea. My suggestion to you is: Let’s do it all over again. We’ve got to try something. These idiotic trickle-down policies are destroying my customer base. And yours too.
22wonderY
Australia moves to ban billionaires from buying elections
https://www.thelondoneconomic.com/politics/australia-moves-to-ban-billionaires-f...
While no draft legislation has been made public, the government has sketched out a plan to limit donor spending to $20,000 per candidate per year and introduce a cap on campaign spending for the first time.
Me:
Another article says the limit would be $600,000; quite a different game.
https://www.thelondoneconomic.com/politics/australia-moves-to-ban-billionaires-f...
While no draft legislation has been made public, the government has sketched out a plan to limit donor spending to $20,000 per candidate per year and introduce a cap on campaign spending for the first time.
Me:
Another article says the limit would be $600,000; quite a different game.
