Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

'The inequality that our economy produces is not reflective of our relative talents or contributions, but more of deep, embedded, structural dynamics that create this winner take all result,' said NickHanauer

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

NickHanauer What I always surmised: the game is rigged. As a navy veteran once described the ever-increasing income gap “it’s causing cavitation” and there is no way that the bottom can ever hope to move up from where they are. It’s not trickledown it’s wealthaccumulation

NickHanauer Those who claim to care most about this inequality are the same ones pushing policies that keep raising 'the lowest rung on the ladder of opportunity' so that people at the bottom find it ever harder to get onto the ladder and climb up. And businesses find it harder to help

NickHanauer That's not correct. In a Capitalist Economy, we are all winners, albeit we win unequally. Its like a forest - there are dynamic variances of size, depth, demographics, resources, relationships between species, etc. But there is balance and all lives therein prosper.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines