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" I make an eight-figure income annually. "
Nick Hanauer
Income
Make
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" The only really expensive thing in our family budget, frankly, is private air travel. "
Nick Hanauer
Family
Travel
Only
" During Seattle's successful campaign for a $15 an hour minimum wage, our opponents would sometimes roll their eyes and snort, 'If $15 is so good, why not $50?' It was a straw man argument: Nobody was proposing a $50 minimum wage; it would have been too high, and we said so. "
Nick Hanauer
Argument
Man
Good
" Government does create prosperity and growth by creating the conditions that allow both entrepreneurs and their customers to thrive; balancing the power of capitalists like me and workers isn't bad for capitalism - it's essential to it. "
Nick Hanauer
Government
Growth
Create
" Prosperity in human society is misunderstood. The difference between a rich and poor society is the number of problems that society solves for its citizens. That means technological innovation is the source of all prosperity, but with every tech innovation, you also get disruption - ultimately, social and civic disruption. "
Nick Hanauer
Society
You
Problems
" I think the idea that giant profitable corporations should pay their workers enough so that they don't need food stamps - since when is that left-wing? How did that become 'leftie?' That doesn't seem leftie to me. That seems common sense. "
Nick Hanauer
Food
Enough
Common Sense
" Greed is a sin because humans are social creatures. And they simply cannot survive without the opposite of greed, which is cooperation. "
Nick Hanauer
Survive
Social
Sin
" If low taxes were the way that people like me created wealth, then we'd be starting our companies in the Congo or Somalia or Afghanistan, but we're not. We come to places where there are lots and lots of customers. "
Nick Hanauer
Places
Taxes
Way
" The thing about a real economy is that it actually is like the game of Monopoly in the sense that when one person has all the money, the game is over. And in a game of Monopoly, of course, that's quite charming, but in a real economy, it's much more problematic. "
Nick Hanauer
Real
Economy
Game
" I come from generations of progressive, atheist Jews. "
Nick Hanauer
Generations
Come
Atheist
" I have, oddly, two ski houses - trying to sell one. "
Nick Hanauer
Ski
Trying
Houses
" Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power. "
Nick Hanauer
Economics
How
Status
" Once America's CEOs get back to the business of growing their companies rather than growing their share prices, shareholder value will take care of itself, and all Americans will share in the higher wages and other benefits of a renewed era of economic growth. "
Nick Hanauer
Care
Value
Growth
" We plutocrats need to get this trickle-down economics thing behind us: this idea that the better we do, the better everyone else will do. It's not true. How could it be? I earn 1,000 times the median wage, but I do not buy 1,000 times as much stuff, do I? "
Nick Hanauer
Economics
Everyone
Better
" I have absolutely no rituals or routines other than I work obsessively and think constantly about my work, to the dismay and discomfort of everyone I employ. And my family. "
Nick Hanauer
Family
Other
Think
" If Jeff Bezos and I had started Amazon.com in a poverty-stricken corner of Africa, there would have been no job creation because there would be no people to buy the stuff from Amazon.com. The difference here is the American middle class, which is by every measure the most extraordinary economic achievement in the history of the world. "
Nick Hanauer
Job
People
World
" Diversity is America's most valuable resource. It is what makes us the most innovative nation on Earth. "
Nick Hanauer
Earth
America
Diversity
" You see, we capitalists will never actually ask you to work overtime. I don't even track your hours. I just make it clear that I trust you to get your job done in the time allotted. And then I hand you twice as much work as you can reasonably do in a 40-hour week. "
Nick Hanauer
You
Work
Week
" Amazon didn't create any jobs. Amazon probably destroyed a million jobs in our economy. "
Nick Hanauer
Economy
Jobs
Amazon
" I think the people who end up being extraordinarily successful - it's been my observation - tend to care enormously about status, particularly business people, right? Because the only point of money, you know, the only reason to have a 300-foot-long boat is because they're bigger than 200-foot-long boats. "
Nick Hanauer
Boat
Think
Business
" Rising inequality is toxic to growth. High levels of inequality exclude people - both as innovators and customers - diminishing both innovation and demand. "
Nick Hanauer
Inequality
Growth
People
" A thriving middle class is the source of growth in a technological, capitalist economy. Investing in the middle class is the most pro-business thing you can do. "
Nick Hanauer
Growth
Class
You
" We became enthralled with the view that wealth trickled down from the top and that if you poured money into rich people, sort of like an ingredient, prosperity and jobs would squirt out of them like donuts. And if you understand economies in the 19th-century way, that view is plausible, and I think a lot of people accepted it. "
Nick Hanauer
View
Rich
Money
" There is no earthly reason why Walmart and McDonald's and Walgreens and these other giant, profitable institutions should have one worker in need of public assistance. It's ridiculous. "
Nick Hanauer
Reason
Why
Need
" A lot of people think that persuasion is all about values and aligning values. I largely disagree. I think persuasion generally, and political persuasion more particularly, has much more to do with explaining in new ways and connecting dots in new ways than just invoking emotions and values. "
Nick Hanauer
New
Values
Think
" The theory that if wages go up, employment goes down isn't a physical law like F=MA. It's a moral law, like 'Bedtime is 9:00 P.M.' "
Nick Hanauer
Law
Down
Go
" When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer. "
Nick Hanauer
Rich
Creation
Job
" Tech innovation is something societies have to pursue as vigorously as they can. We have to innovate civically and socially at the same rate; otherwise, you create unfortunate disruptions, and that's where you have people opposing technological innovations. "
Nick Hanauer
You
Same
People
" People want to think of economics as a natural science, like physics, with the comforting reliability of simple-to-understand theories like F=MA. Unfortunately, it isn't. Economics is a social science, and the so-called theories are really social and moral constructs. "
Nick Hanauer
Economics
People
Think
" We rich people have been falsely persuaded by our schooling and the affirmation of society, and have convinced ourselves, that we are the main job creators. It's simply not true. "
Nick Hanauer
True
Society
Rich
" Prosperity isn't something that squirts out of rich people. "
Nick Hanauer
Prosperity
Rich
Rich People