Nick Hanauer Quotes


... the problem isn't that we have inequality. Some inequality is intrinsic to any high-functioning capitalist economy. The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France, before the revolution. And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won't last.


Citations

Nick Hanauer, Business Tycoon & Billionaire, "The Pitchforks Are Coming... For Us Plutocrats", Politico Magazine, July/August 2014

Sourced by: Eigen's Political and Historical Quotations

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Worry about the disproportional power of the rich is not a modern concern, but was a concern from the very beginning of the nation. There was a belief that if there were a legislative body representing the entire population the rich would tend to dominate it. The solution that England had found was a bicameral Parliament—a House of Lords representing the wealthy and the powerful and the House of Commons, representing the bulk of the people. America followed suit but never did have the class distinction of England.


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Nick Hanauer
Nick Hanauer
  • Born: September 2, 1959
  • Nationality: American
  • Profession: Author, Entrepreneur, Venture Capitalist

Nicolas Joseph Hanauer is an American entrepreneur and venture capitalist.