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Forum Post: The Pitchforks Are Coming… For Us Plutocrats

Posted 7 years ago on June 28, 2014, 8:37 p.m. EST by GirlFriday (17435)
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Memo: From Nick Hanauer To: My Fellow Zillionaires

You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor. Then I founded aQuantive, an Internet advertising company that was sold to Microsoft in 2007 for $6.4 billion. In cash. My friends and I own a bank. I tell you all this to demonstrate that in many ways I’m no different from you. Like you, I have a broad perspective on business and capitalism. And also like you, I have been rewarded obscenely for my success, with a life that the other 99.99 percent of Americans can’t even imagine. Multiple homes, my own plane, etc., etc. You know what I’m talking about. In 1992, I was selling pillows made by my family’s business, Pacific Coast Feather Co., to retail stores across the country, and the Internet was a clunky novelty to which one hooked up with a loud squawk at 300 baud. But I saw pretty quickly, even back then, that many of my customers, the big department store chains, were already doomed. I knew that as soon as the Internet became fast and trustworthy enough—and that time wasn’t far off—people were going to shop online like crazy. Goodbye, Caldor. And Filene’s. And Borders. And on and on.

Read the rest of the article here: http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html



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[-] 5 points by shadz66 (19985) 7 years ago

“The Federalist Society, a cabal of corporate conspirators, is always only one vote away from an outright majority on the nation’s highest court.” from :

Hanauer has it right but The 0.01% Parasite Class just will not listen so start forging and distributing the pitchforks !!! Shit is fkt up and b-s & in fact worse than 2008 when The GFC manifested !! REVOLUJAH !

at spes non fracta ...