Nov. 16, 2022

Are Rich People Better Than You? Why Everything We Think We Know About Good Economics Might Be Backward, With Nick Hanauer

Are Rich People Better Than You? Why Everything We Think We Know About Good Economics Might Be Backward, With Nick Hanauer

Reaganomics, the prosperity gospel, and the pedestalization of the ultra-rich.


It turns out Americans have been asking the wrong question: It's not, “What’s the difference between the ‘haves’ and the ‘have nots,’” but rather…“How did those in the 0.1% end up having it all?” 

To paraphrase my guest, entrepreneur and venture capitalist Nick Hanauer (https://nickhanauer.com/), “How do [rich people like me] manage to grab an ever-increasing piece of the pie? Is it because rich people are smarter than we were 30 years ago? Is it that we’re working harder than we once did? Are we taller? Better-looking? Sadly, no. It all comes down to one thing: economics.”

My thesis? Capitalism is the economic system that creates wealth, and good economic policy is what ensures that all that wealth doesn’t accrue to a very small group of people.

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Transcripts can be found at https://www.podpage.com/money-with-katie-show/.

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