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It is true that rich people can spend more money than middle class people, but there’s this upper limit on what we can spend. I drive a very nice car, but it’s only one car. I don’t own a thousand, even though I earn a thousand times the median wage. I have a few jackets, not a few thousand.

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Nick Hanauer

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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.

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A lot of author events are basically hour-long classes in entropy perched on bad seating under bright, hard lights, with – if you’re lucky – bad Chardonnay and cheese on a stick waiting for you at the end of the ride.

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May 19, 2024

A lot of author events are basically hour-long classes in entropy perched on bad seating under bright, hard lights, with – if you’re lucky – bad Chardonnay and cheese on a stick waiting for you at the end of the ride.

Previous

May 19, 2024

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.

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