This is a very well-written piece by billionaire entrepreneur Nick Hanauer in Politico on why wealthy Americans should support an increased minimum wage and better conditions for the working class. It is also, surprisingly, a more common sentiment amongst not just the 1% but also the 0.001% than you would think. I know Managing Directors of banks who support a $15 minimum wage and who want to bring back Glass-Steagall.
It’s not everyday that you see common cause between certain Wall Streeters and the LaRouchies, but the shared belief is that in order for America to remain functional, that there has to be some modicum of regulation, oversight, and reining in of loopholes. Food for thought.