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In reply to the discussion: Don't buy it... [View all]SunSeeker
(51,504 posts)9. Nick Hanauer calls himself a "happy capitalist" and very much supports a free market.
The problem is most markets are not particularly free, and need regulation. Further, trickle down economics is anathema to a free market and is very bad for business. As he states:
The fundamental law of capitalism is that when workers have more money, businesses have more customers and need more workers. Prosperity in a technological market economy like ours is a consequence of a feedback loop between increasing amounts of demand and increasing amounts of innovation. The more money workers have to spend, the more incentive there is for entrepreneurs and investors to create new products and services that can increase our standard of living.
http://hereandnow.wbur.org/2016/02/02/nick-hanauer-minimum-wage
That is why Nick Hanauer opposes Reaganomics. It is a very good argument since it works on the people we need to convince.
Nick Hanauer is one of the good guy billionaires (there are some) Dems rely on for big money donations. http://prospect.org/article/meet-billionaires-backing-team-blue-megaphone-only-money-can-buy
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Reaganomics. Trickle Down. Free Market Economics Must Go- Good on Nick Hanauer
appalachiablue
Mar 2016
#4
Nick Hanauer calls himself a "happy capitalist" and very much supports a free market.
SunSeeker
Mar 2016
#9
Followed him for years and realize this. Yep, no true free markets, regulation's needed.
appalachiablue
Mar 2016
#11
Not progressive when it counts. When George Bush asked her to betray her fellow Democrats
rhett o rick
Mar 2016
#25
And who paid the bill? Her corp friends or the lower classes? The lower 99%
rhett o rick
Mar 2016
#42
Even when she decides people want something done, she only offers half-assed ideas.
rhett o rick
Mar 2016
#43
I don't hate Clinton, I hate those that put Wealth and the accumulation of wealth
rhett o rick
Mar 2016
#24
I've seen her plan. First of all she claims to want to put Americans to work but has always favored
rhett o rick
Mar 2016
#44
Yet many people here love trickle-down as evidenced by their unconditional support of Hillary
whereisjustice
Mar 2016
#16
Rhetoric. " Hillary’s plancreates a 15 percent tax credit for companies that share profits with
rhett o rick
Mar 2016
#27
Trickle, schmickle . . . their next plan is merely turning the spigot OFF.
HughBeaumont
Mar 2016
#41