A plutocrat is someone who is very rich and supports the Have Littles known to most of the rich as the workers or wage slaves. One rich plutocrat’s is Nick Hanauer, a venture capitalist, who is supporting among other things the $15 an hour minimum wage to take effect immediately. Hanauer is not a fan of slow walking the wage hike. He understands good wages will build the middle class and grow the economy.
The other side thinks growth produces a thriving middle class. According to Hanauer this is not true. It is wrong and backward. 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 one can do.
For this ideology, Hanauer has been called “America’s premier self-loathing plutocrat,” a description he relishes.
Hanauer argues dramatically raising workers’ minimum wage to $15 an hour will not lead to fewer jobs as his opponents claim, it will lead to more jobs because workers who have more money will create demand for more products and services thereby creating a positive feedback loop of prosperity. Hanauer calls this middle out economics.
The $15 an hour minimum wage hike is not the silver bullet to solve all our inequality woes, but it will solve most. With this new stronger middle class of voters, we can then start electing people who supports the right to have a union, free education, single-payer healthcare, and good pensions, even Social Security increases, and with good, well-paying jobs, workers can increase our tax base while getting off of government assistance programs.
More tax paying workers will put more in government coffers and that, coupled with new corporations and Wall Street paying their fair share, we can start rebuilding our crumbling infrastructure. Maybe 2016 will be our fresh start.
I hope that I am wrong, but what I see at this time is our unions are going to be in the fight of their existence. This is the most perilous time of our life. The life we had is threatened like never before. Unions are the largest organized group of people who can save our country if things keep going the way they are heading at this time. We need to all stand together for power, but we each must prepare and plan to take care of ourselves and our families. We can fight the big fight and not be distracted by worry about things that can and should already be taken care of. For instance, stashing at least one month’s pay and at least a month or even a year’s worth of food, whether the food is staples (pasta, rice, canned goods) and meat or chicken in the freezer. Keep your vehicles' tanks full and if possible a gas can full. It’s in your best interest to also save money for house or rent payments plus extra. This is not new thinking for us old trade workers who had to prepare when...
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