Listen to the billionaire

in #economics6 years ago

Many, particular proponents of trickle-down economics, like to claim that only tax-cuts for the rich grow the economy, that raising wages will only raise unemployment and hurt the economy, etc., etc.
And, crucially, that anyone saying otherwise is just jealous, or a wannabe potentate. The only people who understand the economy, according to them, are those who have climbed to its top. The billionaire class.

Well this gentleman, in this here video, he's a billionaire. So definitely not jealous.
And he argues that he's got too much money, really, as do his fellow plutocrats, and that to maintain peace, and create any prosperity, wages must be raised, the minimum wage in particular.